Categories: Mining Stocks
Topics: Uranium Stocks

Uranium mid-caps may be the best way to profit on this booming sector in 2024

IsoEnergy Ltd. (TSX-V: ISO)(OTC: ISENF) — currently trading around C$4.60 per share in a rising uranium market — is advancing multiple uranium exploration and development projects in top mining jurisdictions of the United States, Canada, Australia, and Argentina. 

isoenergy global portfolio

In Canada, the company holds an impressive portfolio of over 20 high-quality uranium properties totalling 200,000-plus hectares in the eastern Athabasca Basin, including the Larocque East project, which hosts the Hurricane deposit — the world’s highest grade indicated uranium resource.   

Flagship Larocque East Project - Hurricane Deposit:

  • Indicated resource of 48.6Mlbs U3O8 at 34.5% U3O8
  • Inferred resource of 2.7Mlbs at 2.2% U3O8
  • 9 km of prospective conductive corridor untested; 3,000-plus meters of drilling in 6 holes planned for winter 2024
  • Aggressive exploration being undertaken at Cameco/Orano Dawn Lake JV immediately adjacent to Larocque East

Additional high-priority Athabasca-based exploration properties:

  • Hawk: Located 40 km west of Hurricane; 15 km of prospective strike tested by only 8 holes; 5,100 meters in 6 holes of drilling underway via 2 rigs; 27.5 km ground EM survey underway
  • East Rim, Ranger, and Trident: Several undertested conductor corridors under shallow cover
  • Evergreen and Spruce: Underexplored projects straddling the south basin margin with defined conductors and limited drilling
  • Geiger: Numerous intersections uranium pathfinder mineralization
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IsoEnergy CEO Philip Williams — whom you’re about to hear from directly in our exclusive interview coming right up — commented on the Athabasca Basin winter 2024 exploration program via press release: 

“We believe that IsoEnergy’s project portfolio in the eastern Athabasca basin is truly impressive. Not only does it contain the Hurricane deposit at Larocque East, with among the highest uranium grades in the world, but boasts over 20 additional projects (+200,000 hectares) acquired and methodically advanced while interest in uranium exploration was largely muted. Over the past 12 months, under a new exploration leadership team led by Dr. Darryl Clark, EVP Exploration, the focus has been on identifying drill targets at Larocque East and Hawk by combining existing exploration information with results from the innovative Ambient Noise Tomography (ANT) surveys. With a strong balance sheet of over $50 million post closing of the merger, we are well funded and very excited to commence these drill programs, the results of which could have important implications for future targeting at both projects…”

Additionally, in Utah, USA, IsoEnergy is advancing the 100%-owned, past-producing Tony M Mine, Rim Mine, Daneros, and Sage Plain uranium projects.

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Prior to acquisition, and during the previous period of low uranium prices, all four of these past producers had been put on care and maintenance. Today, with uranium surging to decade-plus highs above US$100 per pound, and with infrastructure and permits in place, IsoEnergy is advantageously positioned to advance the projects toward potential production. 

Importantly, all four projects are strategically located within trucking distance of Energy Fuels’ White Mesa Mill — the only conventional uranium mill operating in the United States today — presenting an opportunity for a true hub-and-spoke model. 

In other words, a whole host of catalysts are lining up for mid-cap IsoEnergy in 2024, including Athabasca-based drilling at Hawk and Larocque East (Hurricane Deposit), potential reopening of the Tony M Mine in Utah along with the evaluation of economics across all four Utah-based properties, plus ongoing evaluation of potential M&A and spin-co opportunities.   

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With one of the most experienced teams in the uranium industry, and boasting a current treasury topping C$80M in cash and securities, our own Gerardo Del Real of Junior Resource Monthly caught up with IsoEnergy CEO Phil Williams to discuss the current uranium bull run, the Canadian exploration programs, the US project portfolio, and a whole heck of lot more. Please enjoy! 

For additional info on Saskatchewan-based IsoEnergy Ltd., please contact the company’s IR department at 306-653-6255 or via email at info@isoenergy.ca.

Visit the IsoEnergy corporate website and sign up to receive updates directly from the company here. 

Watch the latest interview with IsoEnergy.

Yours in profits,

Mike Fagan

Mike Fagan
Editor, Resource Stock Digest

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