Announcement • Aug 21
DISA Uranium Corporation completed the acquisition of Portfolio of permitted, past-producing conventional uranium mines in Utah, USA of IsoEnergy Ltd. (TSX:ISO). DISA Uranium Corporation entered into a definitive agreement to acquire Portfolio of permitted, past-producing conventional uranium mines in Utah, USA of IsoEnergy Ltd. (TSX:ISO) on August 4, 2026. As part of consideration, DISA Uranium Corporation will issue 1,677,350 shares. DISA Uranium will combine IsoEnergy's Utah Portfolio with DISA's proprietary High-Pressure Slurry Ablation processing technology (HPSA) and remediation and recovery business. In connection with the Transaction, DISA Uranium has received commitments for a concurrent $105 million private placement financing supported by a consortium of leading mining, energy, and technology investors, including Tembo Capital, BHP Ventures, Galvanize Climate Solutions, Valor Equity Partners, Evok Innovations, Halliburton Labs, and Veriten. IsoEnergy has agreed to participate in the Financing in the amount of $33 million. Based on the financing commitments received, DISA Uranium’s implied pro forma fully diluted equity value would be approximately $505 million. IsoEnergy will own approximately 33% of the DISA Uranium's issued and outstanding shares on a fully diluted basis and will be DISA Uranium's single largest shareholder. Upon closing of the Transaction and Financing, the senior management team of DISA Uranium will be led by Greyson Buckingham, Chief Executive Officer and Co-Founder of DISA, together with the existing DISA management team headquartered in Casper, Wyoming.
The transaction is subject to satisfaction of certain conditions, including but not limited to the completion of the Spin-Out of non-uranium and vanadium mineral processing business of DISA Technologies, Inc, closing of the Financing, receipt of all necessary regulatory approvals and other customary conditions. The deal has been unanimously approved by the board of directors of IsoEnergy Ltd. The transaction is expected to close in August 2026.
TD Securities, Inc. acted as financial advisor to IsoEnergy Ltd. Cassels Brock & Blackwell LLP acted as legal advisor to IsoEnergy Ltd. Parr Brown Gee & Loveless PC acted as legal advisor to IsoEnergy Ltd. Stifel acted as financial advisor to DISA Uranium Corporation. Wilson Sonsini Goodrich & Rosati, P.C. acted as legal advisor to DISA Uranium Corporation.
DISA Uranium Corporation completed the acquisition of Portfolio of permitted, past-producing conventional uranium mines in Utah, USA of IsoEnergy Ltd. (TSX:ISO) on August 19, 2026. Announcement • Jul 10
Isoenergy Ltd. Resumes Operations At Larocque East Project After Temporary Suspension IsoEnergy Ltd. has resumed summer drilling at the Larocque East project, which hosts the high-grade Hurricane deposit, in the eastern Athabasca Basin, Canada, following a temporary suspension and precautionary evacuation due to nearby wildfires. Approximately 2,100 m of drilling had been drilled across four completed holes and two in progress prior to the temporary suspension due to nearby wildfire, with two additional holes in progress. The company remained on track to complete the ~8,000 m, 20-hole summer program as planned. With the immediate fire risk abated, the company anticipated completing the 8,000 m summer drill program as designed. Announcement • Jun 30
Isoenergy Temporarily Suspends Exploration Activities and Evacuates Personnel At Larocque East Project Due to Wildfire IsoEnergy Ltd. provided an update regarding wildfire activity in the vicinity of its Larocque East project in northern Saskatchewan. A wildfire, believed to have been caused by lightning, was currently burning in the vicinity of the Project. While the fire was not currently posing a direct threat to the Project site, the Saskatchewan Public Safety Agency advised that conditions were too dangerous for exploration work to proceed. As advised by the Saskatchewan Public Safety Agency, IsoEnergy completed an orderly evacuation of most of its field personnel from the Project and temporarily suspended exploration activities. Based on current guidance from the Saskatchewan Public Safety Agency, personnel could remain away from the Project for up to one week, subject to changing wildfire conditions. Three contractors remained at the camp to operate pumps and sprinkler systems as a precautionary measure to help protect site infrastructure. Should the wildfire pose a direct threat to the camp, these personnel would be evacuated immediately in accordance with established safety protocols. The Company confirmed that all personnel had been accounted for and no injuries had been reported. As part of the evacuation, crews implemented precautionary measures to help protect the camp, drill core storage and equipment where it was safe to do so. The Company was also working closely with the Saskatchewan Public Safety Agency and was seeking confirmation regarding measures to protect Project infrastructure while access to the site remained restricted. IsoEnergy continued to monitor the situation in coordination with the Saskatchewan Public Safety Agency and would provide further updates as warranted. Exploration activities would resume once authorities determined it was safe to return to site. Based on current productivity and a typical summer drill season, a one-week evacuation should not impact the Company's ability to complete the current 8,000 metre drill program. 
