IsoEnergy divests Argentine uranium projects to Jaguar

Jaguar Uranium plans to list on a North American stock exchange soon. Credit: RHJPhtotos/Shutterstock. Globally diversified uranium company IsoEnergy has announced the sale of its Argentina-based uranium projects to Jaguar Uranium, as its enhances its focus on core jurisdictions including the US, Canada and Australia.

The deal includes the transfer of 100% of the shares of IsoEnergy’s subsidiary, which holds interests in the Laguna Salada Project in Chubut and the Huemul Project in Mendoza in Argentina.

Jaguar Uranium, a privately held company with a focus on the uranium sector in Latin America, plans to list on a North American stock exchange soon.

The acquisition’s terms involve Jaguar offering $10m of its Class A common shares at $5 per share, amounting to two million Jaguar Shares.Additionally, Jaguar has committed to a 2% net smelter returns (NSR) royalty on all production from the Laguna Salada Project.See Also: Sudan’s gold industry: opportunity amid geopolitical tension? […]

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