IsoEnergy and Purepoint Uranium Join Forces to Uncover Potential of Saskatchewan’s Larocque Trend

IsoEnergy and Purepoint Uranium have announced the formation of a significant joint venture (JV) to explore and develop uranium properties in Saskatchewan’s eastern Athabasca Basin, covering an extensive area of over 980 square kilometers. The joint venture will be structured with IsoEnergy holding a 60% stake, while Purepoint will retain 40%. This partnership will encompass ten projects, including IsoEnergy’s Geiger, Thorburn Lake, Full Moon, Edge, Collins Bay Extension, North Thorburn, 2Z Lake, and Madison, as well as Purepoint’s Turnor Lake and Red Willow projects.

In a strategic move to strengthen their collaboration, IsoEnergy plans to invest C$1 million into Purepoint through a concurrent equity financing. This funding not only boosts Purepoint’s financial resources but also provides IsoEnergy with exposure to Purepoint’s broader exploration initiatives in the Athabasca Basin. Notably, Purepoint’s Hook Lake project has previously reported promising drilling results, including a notable intercept of 10 meters of uranium at a […]

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