IsoEnergy announces C$50 million bought deal share offering

IsoEnergy Ltd. (NYSE American: ISOU) announced it has entered into an agreement with underwriters to sell 3,333,400 common shares at C$15.00 per share for gross proceeds of C$50,001,000.

The uranium company granted underwriters an over-allotment option to purchase up to 500,010 additional shares at the same price within 30 days of closing. If exercised in full, the option would generate additional gross proceeds of C$7,500,150, bringing total proceeds to C$57,501,150.

The shares will be offered through a prospectus supplement in Canadian provinces and territories except Quebec, and as a private placement in the United States and other jurisdictions. The offering is scheduled to close on or about January 27, 2026, subject to regulatory approvals and exchange listings.

Concurrently, IsoEnergy plans a non-brokered private placement with NexGen Energy Ltd. (TSX: NXE) for up to 1,666,666 shares at C$15.00 per share, raising approximately C$25,000,000. This placement allows NexGen to maintain its approximately 30% ownership stake in IsoEnergy following the public offering. The private placement shares will have a four-month and one-day hold period.

The company stated proceeds will fund continued development and exploration of its mineral properties and general corporate purposes. IsoEnergy operates uranium projects in Canada, the United States and Australia, including the Larocque East project in Canada's Athabasca basin and permitted past-producing mines in Utah.

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