IsoEnergy and Purepoint Uranium Form Joint Venture Covering Over 98,000 Hectares in the Eastern Athabasca Basin

IsoEnergy and Purepoint Uranium have formed a Joint Venture to explore and develop uranium properties in Saskatchewan’s Athabasca Basin. The venture includes 10 projects covering over 98,000 hectares in the eastern part of the basin. Key highlights:

1. IsoEnergy will hold a 60% initial interest, with Purepoint holding 40%.
2. The portfolio includes properties along the Larocque Trend , a promising area for uranium discoveries.
3. IsoEnergy will invest $1 million in Purepoint’s concurrent equity financing.
4. Purepoint will operate during the exploration phase, with IsoEnergy taking control in pre-development.
5. The deal involves a 10:1 share consolidation for Purepoint and a $2 million private placement.Both companies view this partnership as an opportunity to leverage their expertise and accelerate uranium exploration in the region.Positive Joint Venture consolidates a large land position of 98,000 hectares in the prospective eastern Athabasca Basin Portfolio includes properties along the Larocque Trend, known for high-grade […]

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