Proxy advisory firm Institutional Shareholder Services (ISS) has recommended Consolidated Uranium (CUR) shareholders vote for the resolution to approve the previously announced merger with IsoEnergy at the upcoming special meeting of shareholders on November 28.

“The ISS recommendation aligns with our belief that the merger with IsoEnergy serves the optimal interest of our shareholders. We look forward to completing the merger and urge all CUR shareholders to follow the recommendations of ISS, and the CUR’s board of directors to vote for the arrangement resolution,” said chairperson and CEO Philip Williams.

The ISS report states that “the proposed amalgamation makes strategic sense as the combination is expected to deliver significant operational and financial synergies, which should help conserve cash over the long term, and greater access to capital and trading liquidity”.

In September, IsoEnergy and CUR announced a share-for-share merger to create a company with an equity value of $903.5-million – ranking among the top ten publicly traded uranium-focused companies in the world.

IsoEnergy, a subsidiary of NexGen Energy, will acquire CUR for 0.500 of a common share for each CUR share held. Upon completion of the merger, IsoEnergy shareholders will own 70.5% and CUR shareholders 29.5% of the company.

The deadline for voting is November 24.

The transaction creates a diversified uranium development and exploration company, focused on the premier uranium jurisdictions of Canada, the US and Australia, IsoEnergy president and CEO Tim Gabruch said at the time.

CUR has acquired or has the right to acquire uranium projects in Australia, Canada, Argentina and the US, each with significant past expenditures and attractive characteristics for development. The company is advancing its portfolio of permitted, past-producing conventional uranium and vanadium mines in Utah and Colorado, with a toll milling arrangement in place with US-based Energy Fuels.