IsoEnergy aims to restart uranium mine production by 2025

enCore Energy

29/02/2024 18:50

** Canadian uranium company IsoEnergy  ISO.V  says it will
reopen access to Tony M uranium mine in H1-24 
    ** Aims to restart uranium production in 2025, should market
conditions continue as expected
    ** ISO has access to Energy Fuels' White Mesa Mill, which
processes the ore, by way of a toll milling agreement 
    ** "We expect the production from Tony M to be accretive to
our current valuation of the asset, with the same implications
for the Daneros and Rim assets as they are advanced to
production" - Haywood Securities 
    ** However, uranium prices  UXXc1  traded at $94/lbs on the
day, the lowest since early-Jan, weighing on uranium stocks; ISO
down 3.2%
    ** Shares of U.S. uranium miners and exploration companies
enCore Energy  EU.O , Ur-Energy  URG.A , and Energy Fuels
 UUUU.A  down between 1.4% and 2.9%, respectively 
    ** Shares of top Canadian miner Cameco  CCO.TO  down 1% 
    
        
  

 (Reporting by Seher Dareen in Bengaluru)
 ((Seher.Dareen@thomsonreuters.com;))