Jaguar Uranium completed the acquisition of the Argentina Portfolio from IsoEnergy for $10m.

Jaguar Uranium, a privately held company focused on the uranium sector with strong operating experience in Latin America, completed the acquisition of the Argentina Portfolio from IsoEnergy, an uranium exploration and development company, for $10m. “Since the merger with Consolidated Uranium late last year, IsoEnergy has been largely focused on advancing the Larocque East project in the Athabasca Basin, host to the high-grade Hurricane Deposit, and restarting its past producing uranium mines in Utah, the Tony M, Daneros and Rim Mines. At the same time, we have been pursuing opportunistic transactions to realize value from “non-core” assets in the portfolio. Today’s announcement is one such transaction. We firmly believe that every uranium pound in every jurisdiction will be required to meet expected future uranium demand and Jaguar, with its Berlin project in Colombia and now the IsoEnergy Argentinian Properties, has an important role to play in South America. By taking equity as consideration IsoEnergy remains exposed to the upside in Jaguar shares and we look forward to supporting the company and its accomplished leadership team going forward," Philip Williams, IsoEnergy CEO and Director.