Core Viewpoint - IsoEnergy Ltd. has announced a bought deal offering of 3,333,400 common shares at C$15.00 per share, aiming to raise gross proceeds of C$50,001,000 to fund development and exploration of its mineral properties [1][5]. Group 1: Offering Details - The underwriters have an over-allotment option to purchase an additional 500,010 common shares, which could raise an additional C$7,500,150, bringing total gross proceeds to C$57,501,150 if fully exercised [2]. - The offering will be conducted via a prospectus supplement in Canada (excluding Quebec) and the U.S. on a private placement basis [3]. - The offering is scheduled to close on or about January 27, 2026, subject to necessary approvals [6]. Group 2: Concurrent Private Placement - IsoEnergy plans a non-brokered private placement of up to 1,666,666 common shares at C$15.00 per share with NexGen Energy Ltd., aiming for gross proceeds of approximately C$25,000,000 [4]. - This placement is intended to maintain NexGen's ownership interest in IsoEnergy at approximately 30% post-offering [4]. Group 3: Use of Proceeds - Proceeds from both the offering and the concurrent private placement are expected to fund the continued development and exploration of the company's mineral properties, as well as general corporate purposes [5]. Group 4: Company Overview - IsoEnergy is a leading uranium company with significant mineral resources in Canada, the U.S., and Australia, providing leverage to rising uranium prices [8]. - The company is advancing its Larocque East project in Canada's Athabasca basin, which contains the world's highest-grade indicated uranium mineral resource [8]. - IsoEnergy also holds a portfolio of permitted past-producing uranium and vanadium mines in Utah, ready for rapid restart as market conditions allow [9].
IsoEnergy Ltd. Announces $50 Million Bought Deal Financing