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The latest announcement is out from IsoEnergy ( (TSE:ISO) ).
IsoEnergy Ltd. has arranged a C$50 million bought deal financing through a syndicate of underwriters led by Stifel Nicolaus Canada, selling 3,333,400 common shares at C$15.00 each, with an over-allotment option that could lift total proceeds to roughly C$57.5 million. In parallel, the company plans a non-brokered private placement of up to C$25 million with major shareholder NexGen Energy at the same share price, allowing NexGen to maintain a roughly 30% stake, with combined proceeds earmarked for development and exploration of IsoEnergy’s uranium assets and general corporate purposes, strengthening its funding base as it advances key projects in a firming uranium market.
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 leading uranium jurisdictions across Canada, the U.S. and Australia. The company’s portfolio spans projects at various stages of development, offering exposure to near-, medium- and long-term uranium price upside. IsoEnergy is advancing its flagship Larocque East project in Canada’s Athabasca Basin, home to the Hurricane deposit, regarded as the world’s highest-grade indicated uranium mineral resource, and also holds a portfolio of permitted past-producing conventional uranium and vanadium mines in Utah supported by a toll milling arrangement.
Average Trading Volume: 164,787
Technical Sentiment Signal: Buy
Current Market Cap: C$830.7M
See more data about ISO stock on TipRanks’ Stock Analysis page.