Isoenergy Ltd. · TSX:ISO
Isoenergy — Merger or Acquisition (November 2023)
39 slides from Isoenergy's merger presentation, November 2023
Slide 1: Merger of IsoEnergy and Consolidated Uranium
Merger of IsoEnergy and Consolidated Uranium Creating a Leading, Diversified Uranium Company, Focused on the World’s Top Uranium Jurisdictions November 2023 TSXV: ISO | OTC: ISENF ISOENERGY.CA TSXV: CUR | OTCQX: CURUF CONSOLIDATEDURANIUM.COM
Slide 2: Disclaimer
Disclaimer Information Contained In This Presentation The information in this presentation has been prepared as at September 27, 2023. This presentation is a summary description of Such forward-looking information and statements are based on numerous assumptions, including among others: that IsoEner
Slide 3: Disclaimer (continued)
Disclaimer (continued) Cautionary Note Regarding Forward-looking Information (continued) the Radio Project, Northern Saskatchewan” dated effective August 19, 2016 prepared by Tim Maunula, available under IsoEnergy’s profile on www.sedarplus.ca. Mr. Maunula is a “qualified person” under NI 43-101. Al
Slide 4: Transaction Rationale
Transaction Rationale Built for the Current Uranium Market: High leverage to rising uranium prices. c Focused Production Strategy: Goal to build a globally significant, multi-asset, multi-jurisdiction uranium producer. c Complementary Project Base: Full suite of projects in top tier uranium jurisdic
Slide 5: Nuclear's Positive Narrative Growing Globally
Nuclear’s Positive Narrative Growing Globally Crucial in fight against climate change UxC U3O8 Prices Key in fight against climate change; positive ESG story; Critical Minerals strategies $70 Reversals of planned nuclear shutdowns – California; Michigan; Germany $60 EU parliament backs green
Slide 6: Transaction Details
Transaction Details Proposed IsoEnergy Ltd. (“IsoEnergy”) to acquire 100% of the common shares of Consolidated Uranium Inc. (“Consolidated Uranium” or “CUR”) Transaction pursuant to a plan of arrangement (the “Proposed Transaction”) Consideration For each CUR common share held, CUR shareholders
Slide 7: Pro Forma Capitalization
Pro Forma Capitalization Pro ProForma Forma Shareholders (Basic) Shareholders (Basic) 4,5,83,4 Private Placement Basic Shares Outstanding (M) 111.2 104.24 8.1 171.04,5 Financing Share Price1 (C$) $3.61 $1.78 $4.50 $3.61 5% 2% 5% Basic Market Cap1 (C$M) $401.6 $185.5 $36.6 $617.4 (Excl NexGen 31%) Ca
Slide 8: Built for the Current Uranium Market
Built for the Current Uranium Market $5,000 Market Capitalization $2,932 $2,534 $1,851 (C$M)1 $2,500 $1,658 $1,401 $849 $677 $648 $617 - Mineral Endowment 400 (Mlbs U3O8) 200 400Historical Inferred Historical M&I 200 - -Current Inferred Current M&I Past Production with Restart Potential
Slide 9: Complementary Project Base
Complementary Project Base Athabasca Basin Region (Exploration) Hurricane Americas Potential Development Whitewater Whitewater East Larocque East Edge Athabasca Home of Hurricane Horizon Dieter Lake Adv. Exploration Basin Larocque West Full Moon Mountain Lake1 Hawk Collins Bay Extension Adv. Explora
Slide 10: Focused Production Strategy
Focused Production Strategy Call Options Exploration Development Near Term Production Potential Subject to permitting Tony M Mine Coles Hill Athabasca Daneros Exploration Hurricane Matoush Mine Assets Rim Mine Equity Holdings / Australia Assets Spin-Co's Argentina Assets Non-Core U.S. Assets Evaluat
Slide 11: Eastern Athabasca Properties – Prime Location
Eastern Athabasca Properties – Prime Location Portfolio of more than 20 high-quality properties – total land package of over 207,000 hectares Flagship asset is Larocque East – hosts the Hurricane Deposit – the world’s highest grade indicated uranium resource Indicated resource of 48.6Mlbs U3O8
Slide 12: Hurricane – World's Highest Grade Indicated Uranium Mineral Resource
Hurricane – World’s Highest Grade Indicated Uranium Mineral Resource Grade - Very high-grade mineralization over widths and thicknesses seen at major deposits – up to 12m thick x 125m wide Mineral Resource Estimate (July 8, 2022) U3 O8 Resources 48.6Mlbs at 34.5% (43.9Mlbs at 52.1%) Category Dom
Slide 13: Hurricane Mineralization Cross-Section
Hurricane Mineralization Cross-Section Recent drilling successfully extended resource footprint to the west and generated new targets to the east Drill hole LE23-155: 8.5 m @ 4.1% U3O8 from 325.0 m including 1.0 m @ 6.8% U3O8 from 327.0 m and 1.0 m @ 23% U3O8 from 331.5 m. Cross-section prov
Slide 14: Hurricane – Expansion Potential Using Innovative ANT Survey
Hurricane – Expansion Potential Using Innovative ANT Survey Successful results using Innovative Ambient Noise Tomography (ANT) Survey Completed over the Hurricane ore zone and eastern extents Successful detection of consistent low velocity feature New ANT Target coincident with the known Hurri
Slide 15: Hawk Project – Additional Tier One Discovery Potential
Hawk Project – Additional Tier One Discovery Potential Multiple highly prospective targets across 15-km strike being advanced with drilling and geophysics Drilling intersected brittle structures associated with unconformity offset, alteration, and elevated radioactivity ANT survey identified l
Slide 16: Utah – Near-Term Production Potential
Utah – Near-Term Production Potential Tony M Mine Mineral Resource Estimate (September 9, 2022) Tonnage Grade Metal Historical mines in prolific uranium districts Classification (000s st) (% eU3O8) (Mlbs eU3O8) Indicated 1,075 0.28% 6.6 In production during period of strong uranium prices Inferr
Slide 17: Coles Hill – U.S.' Largest Undeveloped Deposit
Coles Hill – U.S.' Largest Undeveloped Deposit VIRGINIA, U.S. 250 Historical Expenditure – ~C$100M Coles Hill Historical Mineral Resource Estimate (North and South)1,3,4 200 Measured and Indicated Estimates Mineral Resource Estimates2 Tons Grade Metal Inferred Estimates Cutoff Classification (m) (%
Slide 18: Matoush – Highest Grade Project Outside Basin
Matoush – Highest Grade Project Outside Basin QUEBEC, CANADA High Grade Projects outside of Athabasca Basin with >5Mlbs in M&I Historical Expenditure – ~C$120M Matoush Historical Mineral Resource Estimate1 Grade Metal 0.95 Tons (m) Classification (% eU3O8 ) (Mlbs eU3O8) Indicated 0.6 0.954% 12.3 0.6
Slide 19: Global Exploration Potential
Global Exploration Potential WEST NEWCASTLE RANGE ARGENTINA CHUBUT MILO TEDDY Laguna Salada ARDMORE EAST AND MOUNTAIN Historical Resources1: Indicated – 6.3Mlbs U₃O₈, 57.1Mlbs V₂O₅ GIDYEA CREEK Inferred – 3.8Mlbs U₃O₈, 26.9Mlbs V₂O₅ BEN LOMOND Historical Expenditure – $15M Acquisition Cost – $2.4M S
Slide 20: Board of Directors
Board of Directors Richard Patricio Leigh Curyer Chris McFadden Peter Netupsky Philip Williams CUR Nominee Chairman Vice Chairman Director Director CEO & Director Director President and CEO of Chartered Accountant Chairman and Co-Founder CPA and CFA with 18 20+ years experience in To be
Slide 21: Summary
Summary The combination of IsoEnergy & Consolidated Uranium will create a leading diversified uranium company focused on multi-asset exploration, development and restart in top-tier jurisdictions Impressive suite of projects, with substantial current and historical resources Focused global productio
Slide 22: Management
Management Philip Williams Tim Gabruch Graham du Preez Darryl Clark Marty Tunney Chief Executive Officer & Director President Chief Financial Officer Executive Vice President, Chief Operating Officer Exploration & Development 20+ years of experience in the 25+ years in the uranium mining More
Slide 23: Appendix
Appendix
Slide 24: Pro Forma Resources
Pro Forma Resources1 Current Measured & Indicated Current Inferred Historical Measured & Indicated Historical Inferred Asset Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained (000 t) (% U308) (Mlbs U308) (000 t) (% U308) (Mlbs U308) (000 t) (% U308) (Mlbs U3
Slide 25: IsoEnergy – Detailed Portfolio Overview
IsoEnergy – Detailed Portfolio Overview Expansive Land Packages Exploration Proximal to Active Uranium Potential Exposure Spanning the Athabasca Basin Permits in Place Projects and Existing Infrastructure to By-product Metals U3 O8 Indicated Resources U3 O8 Inferred Resources Asset Ownership Deposit
Slide 26: Hurricane – Insensitive to Cut-Off Grade
Hurricane – Insensitive to Cut-Off Grade Indicated Resources highly insensitive to cut off grade; 93.9% of contained metal is retained at COG of 10% Mineral resource estimated with a 1% COG – same used for Cigar Lake 2016 mineral resource estimate Resource Cut-off Grade Tonnage Grade Contained M
Slide 27: Geiger Project
Geiger Project Geiger Key Points 6 lines of ground EM survey to follow-up anomalous drilling results – generated additional drill ready targets along strike of weak historical mineralization 2022 drill hole (GG22-31) intersected zone of alteration extending 55 m into basement 1.7 km along stri
Slide 28: Larocque East
Larocque East Larocque East Key Points 13 kms of prospective conductor corridor that hosts the Hurricane deposit 28 IsoEnergy.ca TSXV: ISO | OTCQX: ISENF 28 ConsolidatedUranium.com TSXV: CUR | OTCQX: CURUF
Slide 29: Hawk Project
Hawk Project Hawk Project Key Points At least 15 km of prospective conductive strike Depth to unconformity between 600-750 m 5 holes completed Initial tests of electromagnetic conductors identified in 2022 survey Intersected graphitic conductors, prospective brittle structures, and alterat
Slide 30: Early-Stage Projects
Early-Stage Projects Advancing Early-Stage Projects More than 5,000 line-kilometres of project-scale airborne surveying to assess prospective, highly underexplored projects Evergreen (drone magnetic-radiometric) Spruce (drone magnetic-radiometric) East Rim (VTEM) Trident (gravity gradient,
Slide 31: Consolidated Uranium – U.S. Asset Overview
Consolidated Uranium – U.S. Asset Overview 3 Rim Mine 1 Tony M Mine 5 4 Sage Plain White Mesa Mill 2 Daneros Mine Proximity to U3O8 Indicated Resources¹ U3O8 Inferred Resources¹ Contained Contained Index Asset State Ownership Deposit Type Metals Stage White Mesa Mill Tonnes (M) Grade (%) (Mlbs) Tonn
Slide 32: Strategic Alliance with Energy Fuels
Strategic Alliance with Energy Fuels A Unique and Significant Advantage Over Other Juniors WHITE MESA MILL Only operational conventional uranium mill in the U.S. with licensed TOLL MILLING capacity of over 8Mlbs of U₃O₈ per year (owned by Energy Fuels Inc.) AGREEMENTS Guaranteed Access to White Mesa
Slide 33: Tony M – Large-Scale, Developed & Permitted
Tony M – Large-Scale, Developed & Permitted 1Mlb of historical production up to 2008 Infrastructure 18 miles (29 km) of underground development 2 parallel declines extending 10,200 ft Power generation station, fuel storage facility, ore bays, maintenance building, offices, dry facilities and e
Slide 34: Daneros – Acquired by Denison in 2011 for A$57m
Daneros – Acquired by Denison in 2011 for A$57m ~1Mlb of historical production up to 2013 Infrastructure 2.8 miles (4.5 km) of underground development 5 declines on property Modular trailer, generator, equipment storage and maintenance buildings Past Exploration 1,100 holes drilled from surf
Slide 35: Rim – High Vanadium-to-Uranium Ratio at 9:1
Rim – High Vanadium-to-Uranium Ratio at 9:1 Infrastructure 2.7 miles (4.3 km) of underground development 2 portals with a head frame, hoist house, maintenance building and water tank Past Exploration ~1,100 holes drilled from surface and underground (rotary and core) for ~325,000 ft 15 holes
Slide 36: Consolidated Uranium – Global Asset Overview
Consolidated Uranium – Global Asset Overview Canada Argentina Australia 7 9 8 10 1 4 2 5 6 3 U3O8 Indicated Resources¹ U3O8 Inferred Resources¹ Index Asset Country Ownership Deposit Type Metals Stage Tonnes (M) Grade (%) Contained (Mlbs) Tonnes (M) Grade (%) Contained (Mlbs) 1 Mountain Lake Canada O
Slide 37: Key Technical and Advisory
Key Technical and Advisory Dan Brisbin Elizabeth Williamson David Thomas Tracey Primeau Jason Atkinson Vice President, Exploration Corporate Secretary & Advisor Technical Advisor Advisor VP, Corporate Development 40+ years experience as a Saskatchewan lawyer with 20+ Professional Geoscientist
Slide 38: Disclaimer on Historical Estimates
Disclaimer on Historical Estimates Historical Estimates historical drill holes, in order to verify the Sage Plain historical estimate as a current mineral resource. Each of the mineral resource estimates of CUR, except for the Tony M Mine, contained in this presentation are considered to be For the
Slide 39: Contact
Contact IsoEnergy Ltd. Consolidated Uranium Inc. Tim Gabruch Philip Williams President and Chief Executive Officer Chairman and Chief Executive Officer Email: tgabruch@isoenergy.ca Email: pwilliams@consolidateduranium.com Direct: +1 306 261-6284 Direct: +1 416 569 9964 Graham du Preez Marty Tunney C