IsoEnergy Ltd.

IsoEnergy Ltd. is a junior uranium development company headquartered in Toronto, Canada, operating primarily in Canada, USA, and Australia. The company's portfolio consists of 2 projects, comprising 1 development and 1 exploration project, in addition to several early-stage exploration prospects. Key assets include Larocque East. The business model centers on a globally diversified portfolio encompassing near-term production-ready assets, development-stage projects, and exploration opportunities. A key strategic advantage is the ownership of fully-permitted, conventional assets prepared for operational restart, complemented by a high-grade indicated resource base. The principal business activity involves the acquisition, exploration, and evaluation of mineral properties, with a focus on assets possessing significant past expenditures and attractive development characteristics. This approach allows for a balanced pipeline of projects at various stages of the mining lifecycle. The company competes for attractive properties, qualified personnel, and capital against a number of other entities, leveraging its specialized skills in geology, mining, engineering, and business negotiations to secure and advance its interests.

Strategic focus centers on growth through the acquisition of mineral assets and businesses, complemented by organic exploration and evaluation of its property portfolio. The enterprise actively seeks opportunities to integrate new assets, leveraging its expertise to identify and negotiate for suitable candidates. A core component of the strategy involves entering into option agreements to gain property interests and forming joint ventures, such as the 2024 arrangement with Purepoint Uranium Group Inc., to explore and develop properties collaboratively. Financial strategy includes utilizing flow-through share offerings to fund exploration activities, as demonstrated by the 2024 and 2025 financings, and concurrent private placements with major shareholders like NexGen to maintain pro-rata ownership. The company also strategically divests non-core assets, such as the 2025 sale of the Mountain Lake property, to optimize its portfolio and reallocate capital.

Executive leadership is headed by a Chief Executive Officer with over 2 decades of experience in mining and finance, including senior management, equity research, fund management, and investment banking. The board of directors is composed of 6 members. Governance is structured through key committees, including an Audit Committee and a Compensation and Governance Committee. The Audit Committee consists of 3 directors, all of whom are independent and financially literate, and operates under a formal charter. This committee is responsible for overseeing financial reporting, internal controls, and the external auditor relationship, meeting at least quarterly to fulfill its duties. The governance framework includes procedures for managing conflicts of interest, requiring directors to declare any interest and abstain from voting on relevant matters in accordance with corporate law. The board also oversees the company's long-term incentive plans for management and employees.

Social and environmental policy is demonstrated through a formal collaboration agreement established in April 2024 with the Ya'thi Néné Lands and Resources Office, which represents several First Nations and local municipalities. This agreement provides a structured framework for engagement, information exchange, and collaboration on permitting, environmental monitoring, and safeguarding protocols. A key component of the accord is the equitable distribution of benefits to support community development initiatives. The company is committed to operating in compliance with all environmental protection laws and regulations, making necessary expenditures to meet these requirements. Health and safety are prioritized through comprehensive training for all employees and contractors to ensure adherence to established procedures. The organization also stresses the importance of ethical behavior and environmental preservation among all personnel.

On December 5, 2023, the company completed the acquisition of all issued and outstanding shares of Consolidated Uranium Inc., making it a wholly-owned subsidiary. This transaction significantly expanded the company's portfolio and reconstituted its senior management team and board of directors. A key structural element is the significant ownership stake held by NexGen Energy Ltd., which as of February 2025, holds approximately 31.8% of the outstanding common shares, positioning it to influence governance and corporate actions. The company entered into a joint venture agreement with Purepoint Uranium Group Inc. on December 18, 2024, to explore and develop a portfolio of properties, with both entities now holding 50% interests each. The company has also engaged in strategic divestitures, including the sale of its Argentinian assets to Jaguar Uranium Corp. in July 2024 and the sale of its Mountain Lake property to Future Fuels Inc. in February 2025, in exchange for equity and royalty interests.