IsoEnergy Ltd. reports uranium exploration, development and financing activity tied to its portfolio in Canada, the United States and Australia. The company advances the Larocque East project in the Athabasca Basin, including the Hurricane deposit, and issues drilling updates from mineralized trends, fault zones and greenfield targets.
Company updates also cover U.S. uranium work in southeast Utah, including the Flatiron project near the past-producing Tony M mine and a portfolio of permitted past-producing conventional uranium and vanadium mines with a toll milling arrangement. Recurring capital-markets news includes bought deal financings, private placements, at-the-market equity programs and use-of-proceeds disclosures for mineral property development, exploration and corporate purposes.
IsoEnergy (NYSE American: ISOU, TSX: ISO) closed a bought deal financing on Jan 27, 2026, selling 3,833,410 common shares at C$15.00 per share for gross proceeds of C$57,501,150, including full exercise of the over-allotment option. The offering was led by Stifel Canada, Canaccord Genuity Corp. and Jett Capital Advisors.
Proceeds are expected to fund continued development and further exploration of the company’s mineral properties and for general corporate purposes. The company also anticipates closing a previously announced non-brokered concurrent private placement with NexGen Energy Ltd. on or about the date hereof.
IsoEnergy (NYSE American: ISOU; TSX: ISO) agreed to a bought deal financing of 3,333,400 common shares at C$15.00 per share for gross proceeds of C$50,001,000, with an over-allotment option for up to 500,010 shares to raise an additional C$7,500,150 (aggregate C$57,501,150 if exercised). The Offering is expected to close on or about January 27, 2026 and is subject to listing approvals. Concurrently, NexGen intends a non-brokered private placement of up to 1,666,666 shares at C$15.00 for ~C$25,000,000 to maintain ~30% equity, subject to a four-month-and-one-day hold period. Proceeds will fund exploration, development, and general corporate purposes.
IsoEnergy (NYSE American: ISOU) has commenced its 2026 winter drilling program at the Larocque East project in the Athabasca Basin. The campaign plans ~5,200 m of diamond drilling across up to 13 holes to test Hurricane deposit expansion targets and greenfield targets up to 3 km east. Hurricane hosts a current mineral resource of 48.6 Mlb U3O8 Indicated (34.5% U3O8) and 2.7 Mlb U3O8 Inferred (2.2% U3O8). Notable 2025 results to be followed up include LE25-202 (1.05% U3O8 over 0.5 m) and LE25-207 (1.61% and 1.71% U3O8 0.5 m intervals).
The Project is ~40 km from McClean Lake mill and features relatively shallow mineralization (~325 m).
IsoEnergy (NYSE American: ISOU) has started a bulk sample program at its 100%‑owned Tony M uranium mine in Utah to collect technical, operational, and economic data toward a potential production restart.
The program will extract up to 2,000 tons of mineralized material over a 12–14 week period (commenced late December 2025) and will use contract mining by GenX with toll‑processing at Energy Fuels’ White Mesa Mill. Recent work reduced the SITLA royalty from 8% to 3%, and testwork shows >90% uranium recovery in two processing tests, supporting lower capital intensity and restart economics.
IsoEnergy (NYSE American: ISOU) acquired 2,135,760 common shares and warrants to buy 2,708,627 shares of Premier American Uranium (PUR) in exchange for 100,000 IsoEnergy shares issued at a deemed price of $11.58 per share, representing aggregate consideration of $1,158,000.
After the Transaction IsoEnergy holds 6,381,601 PUR shares and warrants to acquire 2,876,335 shares, representing approximately 9.42% of PUR on a non-diluted basis and 13.11% on a partially-diluted basis (before conversion of compressed PUR shares). Assuming conversion of compressed shares, those holdings equal about 8.09% non-diluted and 11.32% partially-diluted.
The securities are held for investment and IsoEnergy filed an early warning report under National Instrument 62-103.
IsoEnergy (NYSE American: ISOU) reported 2025 exploration results from Larocque East and Hawk, with 15,597 m in 39 holes year-to-date and summer drilling of 9,561 m in 22 holes. Multiple holes returned strong uranium geochemistry including LE25-202: 1.05% U3O8 over 0.5 m (2.8 km east of Hurricane), LE25-207: 1.61% and 1.71% U3O8 over 0.5 m near the Hurricane South trend, and LE25-194: 0.872% U3O8 over 0.5 m on the Main trend.
Winter 2026 drilling plans anticipate 5,200 m in 13 holes; additional 2026 geophysics and targeting planned across multiple projects. IsoEnergy also appointed Misty Urbatsch as VP, Strategy and Commercial.
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.