SASKATOON, Sask., July 20, 2022 /CNW/ – IsoEnergie Ltée (“IsoEnergy“or the”Company“) (TSXV: ISO) (OTCQX: ISENF) announces that it has granted, subject to regulatory approval, 2,040,000 incentive stock options to certain directors, officers, employees and contractors of the Company (the “Choice“). The options were granted on July 202022 (the “Date of grant”), have a term of five years, vest in three annual tranches from the date of allocation and may be exercised at a price of $3.47 per ordinary share of the Company.
IsoEnergy is a well-funded uranium exploration and development company with a pipeline of potential projects in the infrastructure-rich East athabasca Basin in Saskatchewan, Canada. In July 2022 the Company released the first independent mineral resource estimate for the high-grade Hurricane deposit on its 100% owned Larocque East project in the east athabasca Bowl. IsoEnergy discovered the hurricane in July 2018 after acquiring the Larocque Est project in May 2018. IsoEnergy is led by a board of directors and management team with proven track records in uranium exploration, development and mining. The Company was founded and is supported by the team of its main shareholder, NexGen Energy Ltd.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, and there will be no sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Law“), and such securities may not be offered or sold in United States absent registration under the US Securities Act or an applicable exemption from registration requirements thereunder.
The information in this document contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities laws. “Forward-looking information” includes, but is not limited to, statements concerning activities, events or developments that the Company expects or anticipates will or may occur in the future, including, without limit the planned exploration activities. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is planned”, “budget”, “expected”, “estimates”, “forecasts”, “intends”, “anticipates” or “believes” or the negative connotation thereof or variations of these words and phrases or states that certain actions, events or results “may”, “could “, “would”, “could” or “will be taken”, “will occur” or “will be carried out” or its negative connotation.
Such forward-looking information and statements are based on numerous assumptions, including, among others, that the results of planned exploration activities are as expected, the price of uranium, the expected cost of planned exploration activities, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when required and on reasonable terms, that third party contractors, equipment and supplies and governmental and other approvals necessary to exploration activities planned by the Company will be available on reasonable terms and in a timely manner. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be correct.
Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied. by such forward-looking information or statements. , including, but not limited to: negative cash flow from operations and reliance on third-party financing, uncertainty of additional financing, absence of known mineral reserves or resources, limited operating history of the Company, significant shareholder influence, alternative sources of energy and uranium pricing, aboriginal title and advisory issues, reliance on key management and other personnel, actual results of exploration activities different from those expected, changes in exploration programs based on results, availability of third party contractors, availability of equipment and supplies, failure equipment to operate as intended; accidents, effects of weather and other natural phenomena and other risks associated with the mining exploration industry, environmental risks, changes in laws and regulations, community relations and delays in obtaining governmental or other approvals.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in or implied by the forward-looking information, there may be other factors that cause the results are not those anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on any forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events, except as required by applicable securities laws.