IsoEnergy takes over Consolidated Uranium for top-tier spot in Saskatchewan, Utah

The agreement values the new IsoEnergy at C$903.5 million.

IsoEnergy brings 20 projects in the Athabasca basin of northern Saskatchewan to its takeover of Consolidated Uranium. Credit: IsoEnergy

The agreement values the new IsoEnergy at C$903.5 million and gives it a pipeline of properties in Canada, the United States, Australia and Argentina, the companies said on a conference call on Wednesday.The projects include IsoEnergy’s Hurricane, the world’s highest grade indicated uranium resource in Canada’s Athabasca Basin and Consolidated’s fully-permitted and past-producing Tony M and Daneros mines in Utah among others, they said.

“We really do believe that we are building a company that is built for this current uranium market,” IsoEnergy president and CEO Tim Gabruch said on the call. “It’s really exciting to be bringing them together with the assets in Consolidated which are fully permitted conventional uranium mines in the US that are ready for rapid restart.”

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