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Highlights

  • Technical studies at Tony M Mine target reduced costs and operational restart readiness
  • Ore sorting and evaporation studies aim to improve material handling and lower capital requirements
  • All key permits secured across three mines, enabling flexibility in future production planning

IsoEnergy Ltd. has announced the initiation of several technical work programs at its Tony M Mine in Utah, a past-producing uranium site, as part of preparations for a potential production restart in 2025. The company, listed on both the NYSE American and TSX, is advancing efforts to optimize mine economics and shorten the timeline for reactivation.

The programs underway include bulk pilot testing of ore sorting and High-Pressure Slurry Ablation (HPSA), aimed at reducing haulage and operating costs by increasing material processing efficiency. An enhanced evaporation study is also being conducted to accelerate dewatering and lower associated capital costs by improving evaporation rates at existing pond infrastructure.

Tony M is one of three fully permitted uranium mines in IsoEnergy’s U.S. portfolio, which also includes the Daneros and Rim Mines. These regulatory approvals provide a strategic advantage, allowing the company to maintain flexibility in responding to uranium market conditions.

Further supporting operational readiness, IsoEnergy has a toll milling agreement in place with Energy Fuels Inc. at the nearby White Mesa Mill. This agreement ensures processing capacity for any uranium produced without the need to build new milling infrastructure.

A potential production decision is expected in 2025, pending the outcome of ongoing technical and economic evaluations. The company’s plans align with broader policy trends supporting domestic uranium supply, which has become a strategic focus amid growing demand from the U.S. nuclear sector.

The technical work currently underway is intended to inform IsoEnergy's future development plans and support potential mine reactivation with minimized lead times and optimized costs.