IsoEnergy completes C$25 million private placement with NexGen Energy

IsoEnergy Ltd. (NYSE American: ISOU) (TSX: ISO) announced completion of a non-brokered private placement with NexGen Energy Ltd. (TSX: NXE) on January 27, 2026. The transaction involved issuing 1,666,667 common shares at C$15.00 per share for gross proceeds of C$25,000,005.

The private placement was conducted alongside IsoEnergy's bought deal financing to allow NexGen to maintain approximately 30% ownership in the company. NexGen's participation constituted a related party transaction under Canadian securities regulations.

IsoEnergy stated the proceeds will fund continued development and exploration of its mineral properties, along with general corporate purposes. The issued shares are subject to a four-month and one-day statutory hold period. No commissions or fees were paid in connection with the transaction.

The company noted it was exempt from formal valuation and minority shareholder approval requirements under Multilateral Instrument 61-101 because the transaction value remained below 25% of IsoEnergy's market capitalization. The board of directors approved the placement, with certain directors abstaining due to disclosed interests.

IsoEnergy operates uranium properties across Canada, the United States, and Australia. The company is advancing its Larocque East project in Canada's Athabasca basin and holds permitted uranium and vanadium mines in Utah that are currently on standby.

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