Mergers & Acquisitions ·
IsoEnergy Ltd. completed a transaction to form DISA Uranium Corporation by contributing its Utah Portfolio of…
ISOUIsoEnergy Ltd.
IsoEnergy Ltd. completed a transaction to form DISA Uranium Corporation by contributing its Utah Portfolio of permitted, past-producing conventional uranium mines in exchange for 1,677,350 shares of the new entity's common stock. Concurrently, DISA Uranium closed a US$105 million private placement financing, in which IsoEnergy invested US$33 million. Following the transaction and financing, IsoEnergy owns approximately 33% of DISA Uranium on a fully diluted basis, making it the largest shareholder. The new company combines IsoEnergy's assets with DISA Technologies' HPSA technology to recover uranium from abandoned mine waste and restart conventional production. IsoEnergy Ltd. is a globally diversified uranium mining company.