Interview with John Jentz, Director of Consolidated Uranium (TSX-V: CUR)

Recording date: 27th September 2023

IsoEnergy and Consolidated Uranium have entered into a definitive agreement to merge in an all-share transaction. 

Under the terms of the deal, Consolidated Uranium shareholders will receive 0.50 shares of IsoEnergy for each Consolidated Uranium share they own. This values Consolidated Uranium at approximately $903.5 million on a fully diluted in-the-money basis.

The combined company will have a portfolio of uranium projects in Canada, the United States, Australia and Argentina. Key assets include IsoEnergy's high-grade Hurricane project in Canada's Athabasca Basin and Consolidated Uranium's past-producing mines in Utah that are permitted and ready for restart.

The merger is expected to provide greater scale, asset diversification, enhanced capital markets presence, and exposure to near, medium and longer term uranium production potential.

The deal has the unanimous support of both companies' boards of directors. Consolidated Uranium shareholders will vote on the merger at a special meeting expected in November 2023. The companies are targeting completion of the merger in Q4 2023.

Concurrently, IsoEnergy is undertaking a $21 million private placement of subscription receipts, which will convert to IsoEnergy shares when the merger closes. The placement is backed by cornerstone investors including NexGen Energy and Mega Uranium.

The merger will create a new leading uranium company with a diverse portfolio of high-quality uranium assets, providing leverage to expected growth in the uranium market. The combined company will be better positioned to advance development projects towards production.

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Learn more: https://cruxinvestor.com/companies/consolidated-uranium
https://cruxinvestor.com/companies/iso-energy

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