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An announcement from IsoEnergy ( (TSE:ISO) ) is now available.
IsoEnergy has completed a C$57.5 million bought deal financing, selling 3,833,410 common shares at C$15.00 each, including the full exercise of the over-allotment option, through a syndicate of underwriters led by Stifel Canada, Canaccord Genuity and Jett Capital Advisors. The company plans to use the proceeds to advance development and exploration across its uranium and vanadium assets and for general corporate purposes, while also expecting to close a concurrent non-brokered private placement with strategic partner NexGen Energy, bolstering its capital position as it positions itself as a near-term uranium producer amid strengthening sector fundamentals.
The most recent analyst rating on (TSE:ISO) stock is a Buy with a C$25.00 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 globally diversified uranium company with substantial current and historical mineral resources in key uranium mining jurisdictions across Canada, the U.S. and Australia, spanning various stages of development to provide exposure to near-, medium- and long-term uranium price movements. The company is advancing its Larocque East project in Canada’s Athabasca Basin, which hosts the Hurricane deposit, considered the world’s highest-grade indicated uranium mineral resource, and also controls a portfolio of permitted, past-producing uranium and vanadium mines in Utah that can be rapidly restarted under suitable market conditions, supported by a toll milling arrangement with Energy Fuels.
Average Trading Volume: 181,481
Technical Sentiment Signal: Buy
Current Market Cap: C$841.6M
See more data about ISO stock on TipRanks’ Stock Analysis page.