IsoEnergy Announces Termination of the Arrangement with Anfield and Reinforces Commitment to Advancing its Robust Portfolio
IsoEnergy Announces Termination of the Arrangement with Anfield and
Reinforces Commitment to Advancing its Robust Portfolio
Toronto, ON – January 14, 2025 – IsoEnergy Ltd. (“IsoEnergy” or the “Company”) (TSX: ISO; OTCQX: ISENF) announces
that Anfield Energy Inc. (“Anfield”) has provided notice of termination regarding the previously announced arrangement
(the “Arrangement”) under which IsoEnergy was to acquire all issued and outstanding common shares of Anfield (the
“Anfield Shares”) through a court-approved plan of arrangement (the “Transaction”).
In connection with the Transaction, IsoEnergy provided a bridge loan (“Bridge Loan ”) to Anfield in the form of a
promissory note of approximately $6.0 million and an indemnity for up to US$3 million in principal (the “ Indemnity”)
with respect to certain of Anfield’s property obligations. Anfield has stated in a press release that they intend to repay
the Bridge Loan and release the Indemnity on or about January 16, 2025.
Philip Williams, CEO and Director of IsoEnergy, commented, “ While the Anfield acquisition would have complemented
our U.S. portfolio, we remain confident in the strength of our existing global portfolio to deliver on our strategy of
becoming a leading diversified uranium company in tier one jurisdictions . In the U.S. , our existing projects include
permitted, fully built, past -producing mines with toll-milling agreements in place with Energy Fuels , providing a clear
path to potential production as well as the largest undeveloped uranium project in the U.S., Coles Hill. We believe these
assets position IsoEnergy exceptionally well to benefit from evolving regulatory and political dynamics in the U.S.
uranium market. Taken together with our Canadian projects, which include the highest grade published resource in the
world, the Hurricane deposit, and our Australian projects, IsoEnergy has an enviable suite of projects boasting a large
uranium mineral endowment with production, development and exploration potential.”
IsoEnergy remains committed to advancing its robust portfolio of uranium assets across Canada, the U.S. and Australia,
with a focus on high-potential, economically viable projects that are well positioned to capitalize on the expected rise in
uranium prices.
• In the U.S., IsoEnergy successfully reopened the Tony M Mine last year, demonstrating the readiness of
its portfolio for rapid production restart. IsoEnergy expects to resume its restart plans, including
progressing with an economic study to advance Tony M toward a production decision.
• In Canada, IsoEnergy will continue advancing its flagship Hurricane deposit, home to the world’s highest-
grade published indicated uranium resource. Winter expansion and discovery drilling is underway at the
Laroque East project (see today’s press release) and additionally the Company is also focused on unlocking
the significant discovery potential across its broader portfolio in the Athabasca Basin.
• In Australia , IsoEnergy’s Australian assets continue to provide a strong foothold in a resource-rich
jurisdiction, further diversifying its growth opportunities.
• IsoEnergy's also holds an equity portfolio of strategic investments in premier development and
exploration companies including NexGen Energy Ltd., Premier American Uranium, Atha Energy Corp,
Jaguar Uranium, Purepoint Uranium Group and Future Fuels Inc. valued at approximately $40 million1.
This portfolio was built through value-accretive transactions and not only offers significant additional
leverage but also positions IsoEnergy to capitalize on potential future opportunities in the sector.
Supported by a strong financial position, an experienced management team, and a disciplined approach to capital
allocation, IsoEnergy is well -equipped to lead in the uranium sector as the market gains momentum. The Company
remains committed to creating long-term value for stakeholders by focusing on advancing its core projects, leveraging
its toll-milling agreements, and positioning itself to benefit from favourable shifts in regulatory and market dynamics.
For More Information, Please Contact:
Philip Williams
CEO and Director
1-833-572-2333
X: @IsoEnergyLtd
www.isoenergy.ca
Cautionary Statement Regarding Forward-Looking Information
This press release contains “forward -looking information” within the meaning of applicable Canadian securities
legislation. Generally, forward-looking information can be identified by the use of forward -looking terminology such as
“plans”, “expects” or “do es not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”,
“anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions,
events or results “may”, “could”, “woul d”, “might” or “will be taken”, “occur” or “be achieved”. These forward -looking
statements or information may relate to the repayment of the Bridge Loan and the release of the Indemnity; anticipated
strategic and growth opportunities for the Company; the prospects of the Company’s projects, including mineral
resources estimates and mineralization of each project; the potential for, success of and anticipated timing of
commencement of future commercial production at the Company’s properties, including expect ations with respect to
any permitting, development or other work that may be required to bring any of the projects into development or
production; increased demand for nuclear power and uranium; expectations regarding the future price of uranium; and
any other activities, events or developments that the companies expect or anticipate will or may occur in the future.
Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by
management at the time, are inherently subject to business, market and economic risks, uncertainties and contingencies
that may cause actual results, performance or achievements to be materially different from those expressed or implied
by forward-looking statements. Such assumptions include, but are not limited to, assumptions that the results of planned
exploration and development activities are as anticipated; the anticipated mineralization of IsoEnergy’s projects being
consistent with expectations and the potential benefits from such projects and any upside from such projects; the price
of uranium; that general business and economic conditions will not change in a materially adverse manner; that financing
will be available if and when needed and on reasonable terms; and that third party contractors, equipment and supplies
1 Equity holdings are reported as of market close on January 9, 2025, and includes a $ 7.5 million investment in Future Fuels
Inc., that is expected to be completed in January 2025.
and governmental and other approvals required to conduct the Company’s planned activities will be available on
reasonable terms and in a timely manner. Although the assumptions made by the Company in providing forward-looking
information or making forward-looking statements are considered reasonable by management at the time, there can be
no assurance that such assumptions will prove to be accurate.
Such statements represent the current views of IsoEnergy with respect to future events and are necessarily based upon
a number of assumptions and estimates that, while considered reasonable by IsoEnergy, are inherently subject to
significant business, econ omic, competitive, political and social risks, contingencies and uncertainties. Risks and
uncertainties include, but are not limited to the following: changes to IsoEnergy’s current and future business plans and
the strategic alternatives available thereto; stock market conditions generally; demand, supply and pricing for uranium;
negative operating cash flow and dependence on third party financing ; uncertainty of additional financing, no known
mineral reserves; the limited operating history of the Company; aboriginal title and consultation issues; reliance on key
management and other personnel; actual results of planned exploration and development activities being different than
anticipated; changes in exploration programs based upon results ; availability of third party contractors ; availability of
equipment and supplies; failure of equipment to operate as anticipated; accidents, effects of weather and other natural
phenomena and other risks associated with the mineral exploration industry ; environmental risks; changes in laws and
regulations ;community relations and delays in obtaining governmental or other approvals ; and general economic and
political conditions in Canada, the United States Australia and other jurisdictions where the Company conducts business.
Other factors which could materially affect such forward -looking information are described in the risk factors in
IsoEnergy’s most recent annual information form and IsoEnergy’s other filings with the Canadian securities regulators
which are available, respectively, on the Company’s profile on SEDAR+ at www.sedarplus.ca.
Although IsoEnergy has attempted to identify important factors that could cause actual results to differ materially from
those contained in forward-looking information, there may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward -looking information. IsoEnergy do es not undertake to update any forward -looking
information, except in accordance with applicable securities laws.