IsoEnergy ( ISOU ) has dramatically underperformed the broad market and its peers in the last 12 months. The stock has gained only 4% whereas the S&P 500 has rallied 11% and Cameco ( CCJI am a chemical engineer with a MS in Food Technology and Economics, and a MENSA member. I am the author of the book "Investing in Stocks and Bonds: The Early Retirement Project" (2024):I am also the author of the book "Mental Math: How to perform math calculations in your mind".I am also the author of 2 other mathematics bo ...

TORONTO,Dec. 3, 2025/PRNewswire/ -**IsoEnergy Ltd. ("IsoEnergy", or the "Company")**(NYSE American: ISOU) (TSX: ISO)is pleased to provide an update on its summer drill programs at the Larocque East and Hawk projects and report uranium geochemistry results received to date from the winter and summer drill programs at Larocque East.Summer drilling at Larocque East totalled 9,561 m in 22 holes, bringing the year-to- date total to 15,597 m in 39 drill holes (Figure 1). Drilling successfully tested both Hurrican ...

Core Viewpoint - IsoEnergy Ltd. has agreed to acquire Toro Energy Ltd. through a scheme of arrangement, enhancing its uranium project portfolio with Toro's Wiluna Uranium Project, which is located in a top-tier jurisdiction in Australia [1][2][9]. Company Overview - IsoEnergy is a globally diversified uranium company with significant mineral resources in Canada, the U.S., and Australia, focusing on development-ready projects [28][29]. - Toro Energy is an ASX-listed uranium development and exploration company, with its flagship Wiluna Uranium Project consisting of multiple uranium deposits [30]. Transaction Details - IsoEnergy will acquire all issued and outstanding shares of Toro, with Toro shareholders receiving 0.036 IsoEnergy shares for each Toro share, implying a value of A$0.584 per Toro share [3][10]. - The total equity value of the transaction is approximately A$75 million (C$68.1 million) [3]. Strategic Rationale - The acquisition will strengthen IsoEnergy's development pipeline by adding Toro's Wiluna Uranium Project, which is at the scoping stage, to its existing portfolio [2][9]. - Toro shareholders will benefit from exposure to a larger, diversified portfolio of uranium assets in stable jurisdictions, enhancing their investment value [2][10]. Resource Base Expansion - The combined entity will hold a pro forma mineral resource estimate of 133.4 million pounds U3O8 measured and indicated (M&I) and 39.4 million pounds inferred, significantly increasing the resource base [47]. - The merger will create a robust and geographically diversified resource base, with IsoEnergy's existing projects complemented by Toro's assets [10][47]. Market Context - The transaction is well-timed to capitalize on the projected increase in uranium demand, with expectations of a 30% rise by 2030 and more than doubling by 2040 [10]. - IsoEnergy aims to leverage its strengthened resource base to benefit from the tightening supply/demand outlook in the nuclear market [10]. Shareholder Benefits - Toro shareholders will receive a significant premium of 79.7% to the last traded price and 92.2% to the 20-day volume-weighted average price (VWAP) [10][11]. - The merger is expected to provide Toro shareholders with enhanced access to capital and liquidity, as well as a diversified portfolio of high-quality uranium assets [10][11].

Core Insights - IsoEnergy Ltd. is recognized as a leading uranium company with significant mineral resources in key mining jurisdictions including Canada, the United States, and Australia [1] - The company recently announced substantial uranium findings from its joint venture Dorado Project in Saskatchewan's Athabasca Basin, covering over 98,000 hectares of exploration ground [2] - IsoEnergy has launched a 2025 US exploration program in southeast Utah, initiating a 15,000-foot drilling program at Flatiron, which follows historical exploration efforts from the 1980s [3] - CEO Philip Williams highlighted the importance of advancing past-producing mines while also pursuing new exploration targets in the United States [4] Company Developments - The joint venture with Purepoint Uranium Group at the Dorado Project signifies a strategic move to enhance uranium exploration capabilities [2] - The 2025 exploration program in Utah represents a new phase for IsoEnergy, focusing on previously unexplored areas that have potential for significant uranium deposits [3] - The company's commitment to both production and exploration reflects a balanced approach to growth in the uranium sector [4]

Core Insights - IsoEnergy Ltd. and Purepoint Uranium Group Inc. announced partial assay results from their joint venture Dorado Project, highlighting significant uranium grades from drill hole PG25-07A, which returned 2.1 metres grading 1.6% U₃O₈, including 0.4 metres at 8.1% U₃O₈ [1][2] Summary by Sections Assay Results - Drill hole PG25-07A reported 2.1 metres at 1.6% U₃O₈, with notable intervals including 0.4 metres at 8.1% U₃O₈ and an additional 4.9 metres at 0.52% U₃O₈, marking the most significant assay intervals from the Nova discovery zone [1][4] - The assay results reinforce the strength of the newly discovered system, providing a solid foundation for further exploration [2] Drilling Program Status - The summer drill program was curtailed due to regional wildfires, which limited helicopter access and created hazardous conditions, leading to the deferral of drilling at the nearby Celeste project [3] - A total of 5,030 metres were drilled across 11 holes before the program was cut short, with a planned total of 5,400 metres [5] Future Plans - Follow-up drilling programs are planned for early 2026, pending final assays and geological interpretations, focusing on expanding the Nova discovery and testing priority corridors across the Dorado Project [8] - The companies are awaiting full geochemical assays and structural interpretations to support detailed planning for future drilling [8] Project Overview - The Dorado Project is a 50/50 joint venture between IsoEnergy and Purepoint, covering over 98,000 hectares in the Athabasca Basin, known for its favorable geology for uranium deposition [13] - Recent drilling has confirmed the continuity of fertile graphitic rock packages, indicating potential for additional high-grade discoveries in the region [14]

Core Insights - IsoEnergy Ltd. and Purepoint Uranium Group Inc. announced partial assay results from their joint venture Dorado Project, highlighting significant uranium grades from drill hole PG25-07A, which returned 2.1 metres grading 1.6% UO, including 0.4 metres at 8.1% UO [1][5][4] Summary by Sections Assay Results - Drill hole PG25-07A intersected 2.1 metres grading 1.6% UO, with notable intervals of 0.4 metres at 8.1% UO and an additional 4.9 metres at 0.52% UO [4][5] - A total of 5,030 metres were drilled across 11 holes before wildfires curtailed the planned 5,400-metre summer drill program [5][4] Project Overview - The Dorado Project is a 50/50 joint venture between IsoEnergy and Purepoint, covering over 98,000 hectares in the Athabasca Basin, known for its favorable geology for uranium deposition [10][21] - The project includes several former properties, such as Turnor Lake and Geiger, which are underlain by graphite-bearing lithologies [10] Future Plans - Follow-up drilling programs are planned for early 2026, pending final assays and geological interpretations, focusing on expanding the Nova discovery and testing priority corridors across the Dorado Project [9][5] - Additional drilling at the Serin and Turaco targets has provided valuable data for the project's geophysical calibration [5][8] Challenges - The summer drill program was cut short due to regional wildfires, which limited access and created hazardous conditions, deferring drilling at the nearby Celeste project [4][5]

Core Insights - IsoEnergy Ltd. and Purepoint Uranium Group Inc. have confirmed high-grade uranium mineralization at their joint venture Dorado project's Nova Discovery in Saskatchewan's Athabasca Basin [1][4][17] - Initial assay results from drill holes PG25-04 and PG25-05 show significant uranium grades, with PG25-05 returning 1.0 metre grading 2.2% U₃O₈, including 0.3 metres at 5.4% U₃O₈ [1][5][6] - The ongoing drilling program aims to further explore and extend the mineralized trend, with additional assays from PG25-07 expected soon [1][4][6] Summary by Sections Assay Results - PG25-04 returned 0.6 metres grading 1.0% U₃O₈, while PG25-05 returned 1.0 metre grading 2.2% U₃O₈, including a high-grade interval of 0.3 metres at 5.4% U₃O₈ [5][6] - PG25-07 is anticipated to provide further insights, having recorded the highest radioactivity readings to date [1][4][6] Drilling Program - The 2025 drill program focuses on the Q48, Q2, and Turaco target areas, with PG25-04 and PG25-05 being the initial drill holes [2][3][17] - Follow-up drilling is planned for winter to extend the mineralized trend northeast, leveraging frozen ground for access [6][18] Project Overview - The Dorado project is a 50/50 joint venture between IsoEnergy and Purepoint, covering over 98,000 hectares of uranium exploration ground [17][25] - The project includes several former properties known for their potential for uranium deposition, underlain by favorable geological structures [17][25] Industry Context - The Athabasca Basin is recognized as one of the world's most significant uranium districts, with ongoing exploration efforts aimed at discovering high-grade uranium deposits [26][27] - IsoEnergy is advancing its Larocque East project, which hosts the world's highest-grade indicated uranium mineral resource, positioning the company for potential near-term production [25]

Core Insights - IsoEnergy and Purepoint announced high-grade uranium mineralization at the Nova Discovery in the Dorado project, with assay grades reaching up to 5.4% U3O8 from initial drill holes [1][3][6] - The results from drill holes PG25-04 and PG25-05 confirm the significance of the mineralization at the Q48 target, with PG25-05 returning 1.0 metre grading 2.2% U3O8, including 0.3 metres at 5.4% U3O8 [1][4][10] - Assays from PG25-07 are pending, which are expected to provide further insights into the mineralized system [1][3][6] Summary by Sections Assay Results - Initial assays from drill holes PG25-04 and PG25-05 confirmed high-grade uranium mineralization, with PG25-05 showing 1.0 metre at 2.2% U3O8 and PG25-04 showing 0.6 metres at 1.0% U3O8 [1][4][6] - The assay results validate the mineralization first intersected at Q48, which is hosted in a steeply dipping, brittle basement fault [6][10] Drilling Details - The Dorado project encompasses over 98,000 hectares of uranium exploration ground, including the former Turnor Lake, Geiger, Edge, and Full Moon properties [21][32] - The drilling program is designed to extend the mineralized trend northeast, with follow-up drilling planned for winter when ground conditions are favorable [6][22] Company Profiles - IsoEnergy is a globally diversified uranium company with significant resources in top mining jurisdictions and is advancing its Larocque East project in the Athabasca basin [32] - Purepoint Uranium Group focuses on uranium exploration in the Athabasca Basin and operates advanced projects in partnership with industry leaders [33][34]

[Condensed Consolidated Interim Statements of Financial Position](index=2&type=section&id=Condensed%20Consolidated%20Interim%20Statements%20of%20Financial%20Position) Presents the company's interim financial position, detailing assets, liabilities, and equity [Assets](index=2&type=section&id=Assets) Total assets increased by 20.48% to **$410.63 million**, primarily due to higher cash, cash equivalents, and marketable securities Consolidated Assets Summary | ASSETS | June 30, 2025 ($) | December 31, 2024 ($) | Change (%) | Note | | :-------------------------- | :------------- | :---------------- | :--------- | :--- | | Cash and cash equivalents | $84,666,913 | $21,294,663 | 297.60% | | | Accounts receivable | $646,413 | $500,249 | 29.22% | | | Prepaid expenses | $2,514,507 | $489,921 | 413.25% | | | Loan receivable | $- | $6,120,503 | -100.00% | 6b | | Marketable securities | $40,663,892 | $31,181,067 | 30.41% | 7 | | **Total Current Assets** | **$128,491,725** | **$59,586,403** | **115.66%** | | | Property and equipment | $15,701,897 | $16,232,302 | -3.14% | 8 | | Exploration and evaluation assets | $263,830,842 | $262,291,098 | 0.59% | 9 | | Environmental bonds | $2,606,346 | $2,725,220 | -4.36% | 10 | | **TOTAL ASSETS** | **$410,630,810** | **$340,835,023** | **20.48%** | | [Liabilities](index=2&type=section&id=Liabilities) Total liabilities decreased by 19.34% to **$30.39 million**, mainly due to reduced convertible debentures Consolidated Liabilities Summary | LIABILITIES | June 30, 2025 ($) | December 31, 2024 ($) | Change (%) | Note | | :------------------------------ | :------------ | :---------------- | :--------- | :--- | | Accounts payable and accrued liabilities | $3,415,933 | $3,348,296 | 2.02% | | | Convertible debentures | $15,980,791 | $30,279,306 | -47.22% | 11 | | Current portion of lease liabilities | $152,965 | $121,165 | 26.24% | 12 | | Flow-through share premium liabilities | $8,028,580 | $1,355,210 | 492.43% | 13 | | **Total Current Liabilities** | **$27,578,269** | **$35,103,977** | **-21.44%** | | | Long-term portion of lease liabilities | $361,602 | $281,721 | 28.32% | 12 | | Asset retirement obligation | $2,164,986 | $2,026,975 | 6.81% | 10 | | Deferred income tax liability | $288,554 | $259,191 | 11.33% | 14 | | **TOTAL LIABILITIES** | **$30,393,411** | **$37,671,864** | **-19.34%** | | [Equity](index=2&type=section&id=Equity) Total equity increased by 25.43% to **$380.24 million**, driven by share capital increases and reduced accumulated deficit Consolidated Equity Summary | EQUITY | June 30, 2025 ($) | December 31, 2024 ($) | Change (%) | | :------------------------------ | :------------ | :---------------- | :--------- | | Share capital | $444,890,234 | $362,941,599 | 22.58% | | Share option and warrant reserve | $35,998,015 | $33,154,239 | 8.58% | | Accumulated deficit | $(99,326,901) | $(102,545,246) | 3.14% | | Accumulated other comprehensive income | $(1,323,949) | $9,612,567 | -113.77% | | **TOTAL EQUITY** | **$380,237,399** | **$303,163,159** | **25.43%** | [Condensed Consolidated Interim Statements of Income (Loss) and Comprehensive Loss](index=3&type=section&id=Condensed%20Consolidated%20Interim%20Statements%20of%20Income%20(Loss)%20and%20Comprehensive%20Loss) Presents the company's interim operating results, income, and comprehensive loss for the reporting periods [Operating Results](index=3&type=section&id=Operating%20Results) Operating income of **$3.56 million** for H1 2025 marks a significant turnaround from the prior year's loss Consolidated Operating Results Summary | Metric | For the three months ended June 30, 2025 ($) | For the three months ended June 30, 2024 ($) | For the six months ended June 30, 2025 ($) | For the six months ended June 30, 2024 ($) | | :-------------------------------------- | :--------------------------------------- | :--------------------------------------- | :------------------------------------- | :------------------------------------- | | Total general and administrative costs | $(3,945,861) | $(3,199,733) | $(8,534,532) | $(6,846,501) | | Interest income | $364,387 | $563,560 | $674,684 | $1,050,077 | | Interest expense | $(34,179) | $(20,413) | $(76,058) | $(40,303) | | Interest on convertible debentures | $(226,594) | $(311,288) | $(489,144) | $(618,095) | | Fair value gain (loss) on convertible debentures | $627,079 | $(2,856,776) | $338,497 | $(4,755,860) | | Gain on disposal of assets | $820,394 | $- | $11,189,425 | $- | | Foreign exchange (loss) gain | $(75,864) | $(38,579) | $(68,945) | $12,534 | | Other income | $92,020 | $27,322 | $523,941 | $46,702 | | **(Loss) income from operations** | **$(2,378,618)** | **$(5,835,907)** | **$3,557,868** | **$(11,151,446)** | | Deferred income tax recovery (expense) | $491,348 | $(168,253) | $(339,523) | $488,674 | | **(Loss) income from continuing operations** | **$(1,887,270)** | **$(6,004,160)** | **$3,218,345** | **$(10,662,772)** | | Loss from discontinued operations, net of tax | $- | $(55,133) | $- | $(126,499) | | **(Loss) income for the period** | **$(1,887,270)** | **$(6,059,293)** | **$3,218,345** | **$(10,789,271)** | - Total general and administrative costs increased by **24.65%** for the six months ended June 30, 2025, compared to the same period in 2024, reaching **$8.53 million**[3](index=3&type=chunk) - The Company recorded a significant gain on disposal of assets of **$11.19 million** for the six months ended June 30, 2025, which was not present in the prior year[3](index=3&type=chunk) [Comprehensive Loss and EPS](index=3&type=section&id=Comprehensive%20Loss%20and%20EPS) Total comprehensive loss of **$7.72 million** for H1 2025, primarily from other comprehensive losses, despite period income Consolidated Comprehensive Loss and EPS Summary | Metric | For the three months ended June 30, 2025 ($) | For the three months ended June 30, 2024 ($) | For the six months ended June 30, 2025 ($) | For the six months ended June 30, 2024 ($) | | :-------------------------------------- | :--------------------------------------- | :--------------------------------------- | :------------------------------------- | :------------------------------------- | | (Loss) income for the period | $(1,887,270) | $(6,059,293) | $3,218,345 | $(10,789,271) | | Change in fair value of convertible debentures attributable to the change in credit risk | $(665) | $5

Core Insights - IsoEnergy Ltd. and Purepoint Uranium Group Inc. report strong drilling results from their Dorado joint venture project in Saskatchewan's Athabasca Basin, particularly from the recent drill hole PG25-07A, which shows significant mineralization with an average of 11,100 counts per second (CPS) over 14.0 meters, including a peak of 110,800 CPS [1][4][5] Drilling Results - The PG25-07A drill hole extended the Nova Discovery zone by 70 meters northeast and provided the strongest intercept to date in terms of intensity and thickness based on radioactivity [4][5] - The mineralized structure at the Q48 target area is characterized as a steeply dipping, uranium-bearing structure within basement rocks, indicating the potential scale and strength of the system [2][4] - All assays from the current drilling program are pending and will be disclosed once available [2] Project Overview - The Dorado project encompasses over 98,000 hectares of prime uranium exploration ground, including former properties known for favorable conditions for uranium deposition [16] - The Q48 target area has been identified as highly prospective but underexplored, with previous drilling revealing altered and disrupted rocks at the unconformity [12][13] - The Turaco target area, located approximately 8 km northeast of Q48, is characterized by high conductivity and will see drilling commence based on recent geophysical surveys [15] Future Plans - Follow-up drilling at the Q48 target is expected to resume in winter when ground conditions improve, allowing for more efficient access [5][4] - The joint venture partners have approved a 5,400-meter drill program for 2025, which includes up to four holes at the Turaco target [5]