New development Canadian uranium company IsoEnergy has announced its decision to reopen access to the underground at the firm’s Tony M uranium mine, located in the U.S. state of Utah, in the first half of 2024.
The business is aiming to relaunch uranium production operations in 2025, should market conditions continue as IsoEnergy expects, the company said in a statement.
“The decision to advance Tony M is underpinned by rising uranium prices, the climate of increasing support and demand for nuclear energy, and the recent announcement by Energy Fuels Inc. … to restart its uranium circuit at the White Mesa Mill … with whom IsoEnergy has a toll milling agreement,” the statement said.
IsoEnergy says it is a globally diversified uranium company with current and historical mineral resources in a number of uranium mining jurisdictions of Canada, the U.S., Australia, and Argentina.