IsoEnergy halts exploration at Saskatchewan site due to wildfire

IsoEnergy Ltd. (NYSE American: ISOU) has temporarily suspended exploration activities at its Larocque East uranium project in northern Saskatchewan after a wildfire, believed to have been caused by lightning, began burning in the vicinity of the site.

The Saskatchewan Public Safety Agency (SPSA) advised that conditions were too dangerous for exploration work to continue, prompting the company to evacuate most field personnel. Three contractors remain at the camp to operate pumps and sprinkler systems to help protect site infrastructure. The company said all personnel have been accounted for and no injuries have been reported.

According to the press release, personnel could remain away from the site for up to one week, subject to changing wildfire conditions. Should the fire pose a direct threat to the camp, the remaining contractors will be evacuated immediately.

IsoEnergy said a one-week evacuation is not expected to affect its ability to complete the current 8,000-metre drill program, based on current productivity and a typical summer drill season. The company said exploration activities will resume once authorities determine it is safe to return to the site.

IsoEnergy said it is working closely with the SPSA and monitoring the situation, with further updates to be provided as warranted.

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