Mining & Metals
IsoEnergy Continues Drill Testing at Flatiron, Targets Growth Near Tony M Mine; Provides Bulk Sample Update
IsoEnergy (NYSE American: ISOU and ISO.TO) continues its U.S. exploration program, focused on advancing its uranium projects in southeast Utah, the company said Thursday.The 2026 program will include the completion of seven additional surface rotary drill holes with core tails, totaling 11,000 feet on the Flatiron Project, located in the Henry Mountains uranium district, approximately seven miles northwest of the company's past-producing Tony M uranium mine, IsoEnergy said in a statement. Drill mobilization to the project is complete and drilling is expected to begin shortly, it added.This program builds on three drill holes completed late in 2025 and represents the next phase of systematic drilling at Flatiron, targeting follow-up of historical regional exploration conducted by Plateau Resources in the early 1980s. IsoEnergy staked the 370 lode claims that comprise the project in 2024, later adding two Utah state leases to bring the total land position to 8,800 total acres. The project is one of the largest contiguous land positions in the historical Henry Mountain District, where approximately 1.4 million lbs of U3O8 has been produced to date, Thursday's statement noted.The mining component of the bulk sample at the Tony M Mine, announced on Jan. 7, 2026, has been completed, IsoEnergy said. Working with Gen X Mining Contractors, near 2,100 tons of mineralized material were mined without any injuries or lost time and the material is safely stored at Tony M., it added.Philip Williams, CEO and Director, said: "Restarting drilling at Flatiron and the completion of the Tony M Bulk Sample represent two important components of IsoEnergy's U.S. strategy. Our exploration program is focused on systematically building on decades of historical work to unlock the potential of the Henry Mountain District, while the results from the bulk sample simultaneously aid in de-risking Tony M for production. The data we are generating today will directly shape the economics of our PEA and our path to becoming a uranium producer."Shares in IsoEnergy rose 6.8% in Canada and 7.2% in the United States yesterday. They were at last look down 2.3% in US premarket trade amid losses across US futures markets.
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