IsoEnergy: A Promising Play on the Future of Nuclear Energy
After determining that the Arrow Deposit is of a world class standard Nexgen Energy (TSX:NXE) decided to spin off some of its other uranium exploration assets. And for background, if you don’t know NexGen Energy, you should, as it was one of the most successful mining exploration stories of 2016, reaching a market cap of $750M this year.
CEO Technician: What sets ISO apart from all the other uranium plays in the Athabasca?
The team. Garrett Ainsworth is on our board and he is acting as an advisor to me, he was the discoverer of Patterson Lake South (now owned by Fission) and he has been instrumental in discovering many of the pounds we see at Nexgen’s Arrow Deposit. He is VP of exploration at Nexgen and he has really led the discovery of the entire southwestern part of the basin. We also benefit from having the entire Nexgen team who have discovered over 200 million pounds of high grade, high quality uranium. We have a tremendous team with an unmatched track record.
The track record of our team has allowed us to raise C$10.5 million in the last few months in a challenging market environment for uranium explorers. ISO is a pure play exploration company and the fact that we are able to fund our exploration programs with relative ease really sets us apart from just about everybody.
ISO also has a vision to do more than just exploration, we are also looking to be a consolidator of assets in the space.
CEO Technician: What is the long term vision for ISO?
CEO Technician: Are we at the point in the uranium space in which it is more prudent to acquire existing uranium assets rather than to continue to explore for new discoveries when the market isn’t really rewarding companies for exploration success?
Scott Armstrong: Are you currently implementing a drill program on any of your projects?
Scott Armstrong: Can you discuss your shares structure as well? This looks like a company with a lot of leverage as the float is very small.
We would like to thank Mr. Parry for his time and insights into ISO’s vision for creating a major uranium producer at perhaps the most opportunistic moment in this sector’s recent history. Right now uranium isn’t very sexy but it is from the ashes of bear markets that tremendous investment value is created. This could be one of those times for the uranium space and ISO could be one of the big winners given its tremendous team and unmatched access to capital at a time when most of its peers are struggling to raise a few hundred thousand dollars.
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