SASKATOON, SK, June 24, 2021 /CNW/ - IsoEnergy Ltd.
("IsoEnergy") (TSXV: ISO) (OTCQX: ISENF) is pleased to
announce the strengthening of its technical team with the
appointment of David Thomas as
Technical Advisor and Andy
Carmichael as Vice President, Exploration, effective
July 1, 2021, and June 15, 2021, respectively. Also, the Company is
delighted to announce that Elizabeth
Williamson has joined IsoEnergy as Corporate Secretary,
effective June 9, 2021.
Tim Gabruch, Chief Executive
Officer, commented: "On behalf of the Board and management of
IsoEnergy, I am excited to announce the addition of Dave Thomas as a key Technical Advisor to the
Company. Dave is very well-known globally as a leading expert on
uranium geology, with particular expertise in Saskatchewan's Athabasca Basin. We are thrilled that Dave is
joining IsoEnergy at this stage to assist on all uranium-related
matters, on an exclusive basis. With more than four decades of
experience, Dave's knowledge and expertise in this area are second
to none.
We are also very pleased to announce the promotion of Andy to
Vice President, Exploration. Andy has been an invaluable
contributor to all aspects of IsoEnergy's exploration programs
since the inception of the Company in 2016 and has played a
significant role in putting together the current land package and
contributed to the strategy that ultimately led to the discovery of
the Hurricane zone. Having Dave and Andy on board will be
instrumental to the Company going forward and combined with
NexGen's ongoing support of our geological programs, IsoEnergy is
well positioned for continued exploration success.
Additionally, IsoEnergy is very happy to add Elizabeth Williamson as Corporate Secretary.
Elizabeth has many years of governance experience, including
working with Cameco Corporation, where from 2005 to 2013 her focus
was on governance compliance and supporting its Board of Directors.
Both Dave and Elizabeth are based in Saskatoon, SK, which builds on IsoEnergy's
objective to reposition leadership of the Company to Saskatchewan – home of our exceptional assets,
including the high-grade Hurricane discovery."
Dave Thomas stated: "I have
watched IsoEnergy with keen interest over the past few years. The
Company has a top tier land package and its exploration approach,
resulting in the discovery of the Hurricane zone, has elevated the
Company to a unique position among some of the top uranium
companies. I am excited about the prospects ahead for the Company
and look forward to providing my experience and expertise to the
Board and the entire IsoEnergy team."
Andy Carmichael, Vice President
of Exploration commented: "Contributing to IsoEnergy's success has
been very rewarding and the discovery of the Hurricane zone, less
than two years after our first exploration program, has been a
highlight of my career to date. I am excited for the opportunity to
lead our talented team of geologists in exploring our portfolio of
highly prospective eastern Athabasca Basin uranium projects. Also, having
exclusive access to such a highly regarded and experienced
geologist such as Dave Thomas
represents an incredible opportunity for the Company."
David Thomas
David Thomas, M.Sc. is a
Professional Geoscientist with more than 40 years of experience as
a practicing geologist. From 1980 to 1994 David held positions in
the Saskatchewan Geological Survey including resident geologist in
Uranium City as well as a project
geologist where he worked on structural and metallogenic studies,
with a focus on gold and base metals in the La Ronge and Flin
Flon areas of northern Saskatchewan. In 1994, Dave joined Cameco
Corporation where he held various roles including Chief Geologist,
Director of Exploration New Business and Generative Group, and
Director of Geoscience. While at Cameco his roles and
responsibilities provided significant international involvement and
exposure to a wide variety of gold and uranium deposits in a
diversity of geographic and geological settings across North America, South
America, Africa,
Australia, Central Asia, Scandinavia and Russia.
David retired from Cameco in 2018, although remains active as a
consultant to mineral exploration companies.
Andy Carmichael
Andy Carmichael is a Professional
Geoscientist with 17 years of mineral exploration experience. Since
2007 Andy has primarily explored for unconformity-related uranium
deposits in the Athabasca Basin
which included contributing to the discovery of the Hurricane Zone
and work at the J-Zone, Triple R, Phoenix and Gryphon deposits. Andy has also
explored for uranium in the Hornby Bay Basin, Colorado Plateau, and
Namibia.
Elizabeth Williamson
Elizabeth Williamson has been a
lawyer in Saskatchewan for over 20
years. Her governance experience includes several years at Cameco
Corporation, in the position of Director, Legal Services,
Governance. She then continued her governance career as the
University Secretary at the University of
Saskatchewan. She is now a sole practitioner at Williamson
Law, a law office that she began in 2017. Elizabeth has a general
practice advising clients on many varied issues, including numerous
governance matters.
Stock Option Grant
The Company also announces that is has granted an aggregate of
1,600,000 incentive stock options to certain officers, employees,
and consultants of the Company (the "Options"). The Options
were granted on June 23, 2021, are
exercisable at a price of $2.81, vest
in three equal annual instalments commencing on the grant date and
have a term of five years. The Options were issued pursuant to the
Company's incentive stock option plan and are subject to regulatory
approval.
About IsoEnergy
IsoEnergy is a well-funded uranium exploration and development
company with a portfolio of prospective projects in the eastern
Athabasca Basin in Saskatchewan, Canada. The Company recently
discovered the high-grade Hurricane Zone of uranium mineralization
on its 100% owned Larocque East property in the Eastern Athabasca
Basin. IsoEnergy is led by a Board and Management team with a
track record of success in uranium exploration, development and
operations. The Company was founded and is supported by the team at
its major shareholder, NexGen Energy Ltd.
Neither the TSX Venture Exchange nor its Regulations
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 news release shall not constitute an offer to sell or a
solicitation of any offer to buy any securities, nor shall there be
any sale of any securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful. The securities referenced
herein have not been, nor will they be, registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities
Act"), and such securities may not be offered or sold within
the United States absent
registration under the U.S. Securities Act or an applicable
exemption from the registration requirements thereunder.
Forward-Looking Information
The information contained herein 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
legislation. "Forward-looking information" includes, but is not
limited to, statements with respect to the activities, events or
developments that the Company expects or anticipates will or may
occur in the future, including, without limitation, 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 expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates", or "believes"
or the negative connotation thereof or variations of such words and
phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be
achieved" or the negative connotation thereof.
Such forward-looking information and statements are based on
numerous assumptions, including among others, that the results of
planned exploration activities are as anticipated, the price of
uranium, the anticipated 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 needed and on reasonable terms, that third party contractors,
equipment and supplies and governmental and other approvals
required to conduct the Company's planned exploration activities
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
accurate.
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, among others: negative operating cash flow
and dependence on third party financing, uncertainty of additional
financing, no known mineral reserves or resources, the limited
operating history of the Company, the influence of a large
shareholder, alternative sources of energy and uranium
prices, aboriginal title and consultation issues, reliance on key
management and other personnel, actual results of exploration
activities being different than anticipated, changes in exploration
programs based upon results, availability of third party
contractors, availability of equipment and supplies, failure of
equipment to operate as anticipated; accidents, effects of weather
and other natural phenomena and other risks associated with the
mineral 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 the forward-looking information or implied by
forward-looking information, there may be other factors that cause
results not to be as 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
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.
SOURCE IsoEnergy Ltd.