Proxy firm recommends IsoEnergy’s acquisition of Anfield Energy
Independent proxy advisory firm Institutional Shareholder Services (ISS) has recommended that shareholders of Toronto-listed IsoEnergy vote in favour of its proposed acquisition of Anfield Energy.
The deal, announced last month, involves a C$126.8-million all-share transaction, which will position IsoEnergy for increased uranium production in the US.
IsoEnergy CEO Philip Williams expressed his satisfaction with ISS’s support, calling it an endorsement of the strategic benefits the acquisition would bring to shareholders.
In its report, ISS stated that the transaction made “strategic sense,” noting that the combined company would benefit from enhanced access to capital, improved trading liquidity, potential cost synergies, and increased development optionality for shareholders.
Anfield’s assets include the Shootaring Canyon mill in south-eastern Utah, one of only three licensed and operating conventional uranium mills in the US. Additionally, Anfield holds a diverse portfolio of uranium and vanadium projects across Utah, Colorado, New Mexico and Arizona. The combination of these assets will create one of the largest uranium mineral endowments in the US, supported by a 100%-owned processing facility and multiple fully permitted mines ready for restart.
A standout feature of the deal is the integration of IsoEnergy’s advanced Tony M mine, located just 6.5 km from Anfield’s Shootaring Canyon mill. IsoEnergy has already submitted a restart application to the state of Utah, with plans to increase the mill’s throughput from 750 t/d to 1 000 t/d and expand its licensed production capacity from one-million pounds to three-million pounds a year of uranium.
This acquisition follows IsoEnergy’s purchase of Consolidated Uranium last year, further cementing its position as a global leader in uranium development and exploration.
Comments
Research Reports
Projects
Latest News
Showroom
Avlock International is a leading manufacturer and distributor of Specialized Fastening Systems.
VISIT SHOWROOM
Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
