IsoEnergy Ltd (TSE:ISO) has released an update.
IsoEnergy Ltd. is gearing up to restart its Tony M uranium mine in Utah by H1-2024, with production operations anticipated to commence in 2025, buoyed by favorable market conditions and a revival in nuclear energy demand. The mine, with a historical output of nearly one million pounds of U3O8, will undergo a comprehensive work program to prepare an updated economic study, outlining the mine’s future operational plans and costs. IsoEnergy’s strategy includes a toll-milling agreement with Energy Fuels Inc. for processing ore at the White Mesa Mill, aligning with the mill’s uranium circuit reopening in 2025.
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