IsoEnergy Announces $126.8 Million Acquisition of Anfield Energy

IsoEnergy Ltd. (TSX:ISO) today announced that it has entered into a definitive agreement pursuant to which IsoEnergy will acquire all of the shares of Anfield Energy Inc. (TSXV:AEC) in an all-share deal valued at $126.8 million (on a fully-diluted, ITM basis), pursuant to a court‐approved plan of arrangement under the Business Corporations Act (British Columbia). The transaction is expected to be completed in the fourth quarter of 2024.

Anfield owns 100% of the Shootaring Canyon Mill located in southeastern Utah, United States, one of only three licensed, permitted, and constructed conventional uranium mills in the United States, as well as a portfolio of conventional uranium and vanadium projects in Utah, Colorado, New Mexico, and Arizona.

Canaccord Genuity Corp. is acting as financial advisor to IsoEnergy and provided a fairness opinion to the board of directors of IsoEnergy in connection with the transaction. Wildeboer Dellelce LLP acted as legal counsel to Canaccord Genuity with a team consisting of Michael Rennie (corporate/securities; mining, energy & natural resources).

Full details can be found here.