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IsoEnergy (NYSE American: ISOU) agreed to acquire Toro Energy (ASX: TOE) via a scheme of arrangement announced Oct 12–13, 2025.
Under the SID, Toro shareholders will receive 0.036 ISO Shares per Toro Share (A$0.584 implied), valuing Toro at ~A$75.0M (C$68.1M). Pro forma ownership is ~92.9% IsoEnergy and 7.1% Toro on a fully diluted in‑the‑money basis.
The combined group holds NI 43‑101 resources of 55.2 Mlbs U3O8 M&I plus 4.9 Mlbs Inferred, and JORC resources of 78.1 Mlbs M&I and 34.6 Mlbs Inferred, adding Toro's Wiluna Uranium Project to IsoEnergy's pipeline.
IsoEnergy (NYSE American: ISOU) and Purepoint Uranium reported significant uranium discoveries from their summer drill program at the 50/50 joint venture Dorado Project in Saskatchewan's Athabasca Basin. The standout result came from drill hole PG25-07A, which yielded 2.1 metres grading 1.6% U₃O₈, including an impressive 0.4 metres at 8.1% U₃O₈, plus an additional 4.9 metres at 0.52% U₃O₈.
The companies completed 5,030 metres across 11 holes before wildfires forced an early end to the planned 5,400-metre program. Additional drilling at Serin and Turaco targets provided valuable geophysical calibration data. The planned Celeste project drilling was deferred due to wildfire risks. Follow-up programs are scheduled for early 2026 pending final assays and interpretations.
Purepoint Uranium (OTCQB: PTUUF) and IsoEnergy announced significant uranium discoveries at their 50/50 joint venture Dorado Project in Saskatchewan's Athabasca Basin. The highlight comes from drill hole PG25-07A, which yielded exceptional results of 2.1 metres grading 1.6% U₃O₈, including 0.4 metres at 8.1% U₃O₈ and an additional 4.9 metres at 0.52% U₃O₈ at the Nova discovery zone.
The companies completed 5,030 metres across 11 holes before wildfires forced an early end to the planned 5,400-metre summer drill program. Additional drilling at Serin and Turaco targets provided valuable geophysical calibration data. Follow-up programs are planned for early 2026, pending final assays and interpretations.
IsoEnergy (NYSE American: ISOU) has launched its 2025 U.S. exploration program, focusing on uranium projects in southeast Utah. The program includes 10 surface rotary holes totaling 15,000 feet at the Flatiron claims in the Henry Mountains uranium district. The company's 8,800-acre Flatiron project is strategically positioned near the Tony M and Bullfrog deposits, in a district that has historically produced 1.4 million lbs of U3O8.
The exploration will target the Salt Wash Member of the Morrison Formation, with potential for both uranium and vanadium mineralization. Additionally, IsoEnergy continues fieldwork at its Daneros and Sage Plain past-producing mines, focusing on understanding the sedimentary framework to guide future exploration efforts. The company aims to position itself as a key domestic uranium supplier, particularly relevant amid discussions about expanding the U.S. Strategic Uranium Reserve.
IsoEnergy (NYSE American: ISOU) and Purepoint Uranium reported significant uranium mineralization from initial assays at their joint venture Dorado project's Nova Discovery in Saskatchewan's Athabasca Basin. Drill hole PG25-05 yielded 2.2% U₃O₈ over 1.0 metre, including an impressive 5.4% U₃O₈ over 0.3 metres, while PG25-04 returned 1.0% U₃O₈ over 0.6 metres.
The discovery confirmed high-grade uranium in a steeply dipping, brittle basement fault that remains open to the northeast. Notably, assays from PG25-07, which recorded the strongest radioactivity readings to date (peaking at 110,800 CPS), are still pending. The companies plan follow-up drilling to extend the mineralized trend northeast during winter when frozen ground enables land-based access.
IsoEnergy (NYSE American: ISOU) and Purepoint Uranium reported significant drilling results from their 50/50 Dorado joint venture project in Saskatchewan's Athabasca Basin. The latest drill hole, PG25-07A, extended the "Nova Discovery" mineralization by 70 metres northeast, delivering the strongest intercept to date with an average of 11,100 CPS over 14.0 metres and a peak reading of 110,800 CPS.
The mineralization remains open to the northeast, with increasing radioactivity noted. Due to wet marsh conditions, further drilling is postponed until winter. The drill rig has been moved to the Turaco target, 8 km northeast of Q48, where up to four holes are planned as part of the 5,400-metre drill program for 2025.
IsoEnergy (NYSE: ISOU) and Purepoint Uranium (OTCQB: PTUUF) have reported significant drilling results from their 50/50 Dorado joint venture project in Saskatchewan's Athabasca Basin. The latest drill hole, PG25-07A, extended the "Nova Discovery" at the Q48 target by 70 metres northeast, revealing strong uranium mineralization averaging 11,100 CPS over 14.0 metres, with a peak reading of 110,800 CPS.
The mineralization remains open to the northeast, where radioactivity is increasing, but drilling has been temporarily paused due to wet marsh conditions. The joint venture partners have approved a 5,400-metre drill program for 2025, with operations now moving to the Turaco target, located 8 km northeast of Q48, where up to four holes are planned.
IsoEnergy (NYSE: ISOU) has released its first Sustainability Report for 2024, marking a significant milestone following its strategic acquisition of Consolidated Uranium Inc. in December 2023. The report showcases the company's achievements in environmental stewardship, Indigenous partnerships, and governance.
Key highlights include zero environmental incidents across all projects, strong Indigenous workforce representation of 63% at Matoush and 36% at Larocque East, and enhanced governance measures. The company implemented infrastructure upgrades at Tony M Mine, initiated environmental studies at Larocque East, and achieved 100% Code of Ethics compliance.
Looking ahead to 2025, IsoEnergy plans to develop a comprehensive ESG framework to better track and manage sustainability performance.
IsoEnergy (NYSE American: ISOU) and Purepoint Uranium have announced a significant uranium discovery at their 50/50 Dorado joint venture project in Saskatchewan's Athabasca Basin. Initial drilling at the Q48 target revealed promising results with downhole gamma probe readings up to 79,800 counts per second (CPS).
Two drillholes, PG25-04 and PG25-05, intercepted uranium mineralization at depths of 60 and 20 meters below the unconformity. PG25-04 showed radioactivity readings averaging 11,050 cps over 3.7 metres, while PG25-05 recorded 27,750 cps over 2.3 metres. The mineralization was found within strongly clay-altered basement rocks, indicating an active uranium-bearing hydrothermal system.
The company plans to complete approximately 5,400 metres in 18 drill holes for the Project in 2025, with a third follow-up hole currently underway to track the mineralized structure along the Q48 conductive corridor.
IsoEnergy (NYSE: ISOU) and Purepoint Uranium (OTCQB: PTUUF) have announced a significant uranium discovery at their 50/50 Dorado joint venture project in Saskatchewan's Athabasca Basin. Initial drilling at the Q48 target has intersected uranium mineralization in two holes, with impressive downhole gamma probe readings reaching up to 79,800 counts per second (CPS).
The discovery includes drillholes PG25-04 and PG25-05, which intercepted a steeply dipping, north-south trending mineralized structure at depths of 60 and 20 meters below the unconformity. PG25-04 showed radioactivity readings averaging 11,050 cps over 3.7 metres, while PG25-05 recorded 27,750 cps over 2.3 metres. The mineralization is hosted within strongly clay-altered basement rocks, indicating a uranium-bearing hydrothermal system.
The company plans to complete approximately 5,400 metres in 18 drill holes for the Project in 2025, with a third follow-up hole currently underway to track the mineralized structure along the Q48 conductive corridor.