#Canada #Toronto #IsoEnergy #Uranium Mine #Tony M Mine

IsoEnergy Advances Its U.S. Uranium Mines

IsoEnergy Ltd., trading under the ticker symbols NYSE American: ISOU and TSX: ISO, is excited to share that it has officially kicked off significant work programs at its Tony M Mine, which is one of three permitted uranium mines the company operates in the United States. This latest initiative is aimed at preparing the site for a potential near-term restart, positioning IsoEnergy among a select group of U.S.-based uranium producers.

Key Focus Areas of the Work Programs

The work programs initiated at the Tony M Mine are designed to enhance operational readiness and reduce future production costs, thereby allowing for a swift restart as market conditions continue to improve. Here are the primary areas of focus:

1. Ore Sorting and High-Pressure Slurry Ablation (HPSA) Testing: The company has launched bulk pilot programs that seek to evaluate highly efficient material processing. These tests are anticipated to lower operational costs by optimizing material handling and haulage.
2. Enhanced Evaporation Study: This study aims to increase evaporation rates at existing pond infrastructure, enabling faster dewatering processes and lowering capital expenditures associated with future operations.

Strong Regulatory and Operational Advantages

All necessary mining permits are secured across IsoEnergy’s three sites—Tony M, Daneros, and Rim Mines—giving the company a significant regulatory edge. Furthermore, the company’s toll milling agreement with Energy Fuels Inc. at the nearby White Mesa Mill equips them with a robust operational framework, enabling a rapid product market introduction.

CEO Philip Williams expressed confidence in the strategic importance of their uranium production amid tightening supplies within the U.S. nuclear fuel market. He emphasized that IsoEnergy is well-prepared to fill this gap due to its portfolio of historically productive uranium mines and their advanced development projects.

Conducting Technical and Economic Studies

The 2025 agenda for the Tony M Mine features various technical and economic studies to determine the feasibility of a production restart. This includes:

• - Evaluating Mining Methods: The company is assessing different mining techniques, including the potential use of three-drum slushers, to optimize resource recovery efficiently.
• - Collaboration with Steinert Group: IsoEnergy has partnered with Steinert Group to conduct sensor-based ore sorting tests, which will help concentrate mineralized material and subsequently enhance mining productivity.

Anticipated Production Decisions

A crucial factor for IsoEnergy moving forward is the scheduled potential production decision, which is expected later in 2025, following the results of the ongoing evaluations. The expectation is for this decision to align closely with the anticipated growth of the nuclear sector in the U.S.

Conclusion

With the U.S. nuclear energy policy shifting towards bolstering domestic uranium production, IsoEnergy is strategically positioned to become a frontrunner in the industry. The Tony M Mine, having been rehabilitated in 2024, stands out as the most advanced asset in their portfolio, ready to meet the future demand for uranium as the market recovers. IsoEnergy continues to navigate the complex landscape of uranium mining with a firm strategy geared towards operational efficiency, sustainable practices, and timely production capabilities.