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The latest update is out from IsoEnergy ( (TSE:ISO) ).
IsoEnergy Ltd. has successfully completed a bought deal financing, raising C$51,215,000 through the sale of 5,121,500 common shares. The proceeds will be used for the development and exploration of the company’s mineral properties and general corporate purposes. NexGen Energy Ltd., an existing insider, participated significantly in the offering, which was conducted by a syndicate of underwriters. This financing positions IsoEnergy to enhance its operations and market presence in the uranium industry.
The most recent analyst rating on (TSE:ISO) stock is a Buy with a C$17.50 price target. To see the full list of analyst forecasts on IsoEnergy stock, see the TSE:ISO Stock Forecast page.
More about IsoEnergy
IsoEnergy Ltd. is a leading, globally diversified uranium company with substantial mineral resources in Canada, the U.S., and Australia. The company is advancing its Larocque East project in Canada’s Athabasca basin, home to the world’s highest-grade indicated uranium mineral resource. IsoEnergy also holds a portfolio of permitted past-producing uranium and vanadium mines in Utah, poised for rapid restart as market conditions permit.
Average Trading Volume: 117,507
Technical Sentiment Signal: Sell
Current Market Cap: C$468.8M
See more insights into ISO stock on TipRanks’ Stock Analysis page.