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ISOENERGY AND FUTURE FUELS COMPLETE TRANSACTION RELATED TO MOUNTAIN LAKE PROPERTY IN NUNAVUT
ISOENERGY AND FUTURE FUELS COMPLETE TRANSACTION RELATED TO MOUNTAIN LAKE PROPERTY IN NUNAVUT ...
About this update from Isoenergy Ltd.
[{"type":"text","content":"\n\n\n\n ISOENERGY AND FUTURE FUELS COMPLETE TRANSACTION RELATED TO MOUNTAIN LAKE PROPERTY IN NUNAVUT\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Feb. 18, 2025\n \n\n /CNW/ - IsoEnergy Ltd. (TSX: ISO) (OTCQX: ISENF) (\"\n \n IsoEnergy\n \n \") and Future Fuels Inc. (TSXV: FTUR) (FSE: S0J) (\"\n \n Future Fuels\n \n \", and together with IsoEnergy, the \"\n \n Companies\n \n \") are pleased to announce the completion of the previously announced transaction (the \"\n \n Transaction\n \n \") whereby Future Fuels acquired a 100% interest in IsoEnergy's Mountain Lake Project, comprised of mineral claims covering 5,625 hectares in the Hornby Bay Basin,\n \n Nunavut, Canada\n \n (the \"\n \n Mountain Lake Property\n \n \") in exchange for common shares of Future Fuels (\"\n \n Common Shares\n \n \") and the grant of the Net Smelter Royalties (as defined below) to IsoEnergy. The Transaction was completed in accordance with an asset purchase agreement (the \"\n \n APA\n \n \") dated\n \n November 13, 2024\n \n between IsoEnergy and Future Fuels. The acquisition of the Mountain Lake Property adds key claims to Future Fuels' portfolio of holdings in the Hornby Bay Basin in\n \n Nunavut\n \n , increasing its total holdings to over 342,064 hectares.\n \n\n\n\n\n\n\n\n\n\n\n Rob Leckie\n \n , CEO and director of Future Fuels, commented:\n \n\n\n \"We are thrilled to complete this transformational acquisition of the Mountain Lake Property, marking an exciting new chapter for Future Fuels. The Mountain Lake Property is located in a highly prospective region, and we look forward to unlocking its full potential with our planned exploration programs. Our team is eager to update the market on our progress as we advance exploration and development in the coming months.\"\n \n\n\n\n\n Transaction Details\n \n\n\n Pursuant to the APA, Future Fuels acquired the Mountain Lake Property from IsoEnergy in exchange for consideration comprised of:\n \n\n\n\n\n the issuance to IsoEnergy of 12,500,000 Common Shares (the \"...