Recent Updates — ISOU
IsoEnergy completed a summer drilling program at its Larocque East project in Canada, totaling 10,159 meters across 26 holes to expand the Hurricane deposit. The expanded program intersected widespread radioactivity along the Hurricane South Trend, with 18 of 26 holes exceeding a >350 cps threshold and three holes recording over 35,000 cps. Notable intercepts include hole LE26-250 outside the existing footprint (43,160 cps over 0.5 m) and LE26-273 within the deposit (36,292 cps over 1.0 m). The company currently reports a Mineral Resource of 48.6 million pounds U3O8 at 34.5% indicated grade. IsoEnergy is a uranium exploration and development company operating in Canada's Athabasca Basin.
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.
IsoEnergy Ltd. entered a definitive agreement with DISA Technologies to form DISA Uranium Corporation, contributing its permitted Utah uranium mine portfolio in exchange for 1,677,350 shares representing approximately 33% ownership on a fully diluted basis. The new entity secured US$105 million in financing commitments from strategic investors including BHP Ventures and Tembo Capital, with IsoEnergy contributing US$33 million. DISA Uranium combines these assets with proprietary High-Pressure Slurry Ablation processing technology and remediation capabilities to create a U.S.-focused uranium platform. The transaction is expected to close in August 2026 subject to regulatory approvals and customary conditions. IsoEnergy Ltd. operates as a globally diversified uranium mining company.
IsoEnergy Ltd. filed its unaudited interim financial statements and MD&A for the three and six months ended June 30, 2026. The company reported a net loss of $8.19 million for the first half of 2026, compared to a net income of $3.22 million in the prior year period. Cash and cash equivalents increased to $122.9 million following an $82.5 million equity financing completed on January 27, 2026, which included a bought-deal offering and a concurrent private placement with NexGen Energy Ltd. IsoEnergy also completed the acquisition of Toro Energy Limited on June 25, 2026, issuing approximately 4.4 million common shares to expand its uranium asset portfolio in Australia. The company holds no mineral reserves and generates no revenue, relying on third-party financing for exploration activities at projects including Larocque East in Canada and Tony M in the United States. IsoEnergy Ltd. is an exploration and development company focused on acquiring, exploring, and developing uranium mineral properties.
IsoEnergy Ltd. released its 2025 Sustainability Report on July 13, 2026, highlighting its commitment to responsible growth. The company operates in the energy sector.