Energy
IsoEnergy and DISA Technologies to Form DISA Uranium Corporation, Creating a Technology-Enabled U.S. Uranium Platform for Production, Processing, and Remediation
IsoEnergy Ltd. ("IsoEnergy") (NYSE American: ISOU) (TSX: ISO) is pleased to announce that it has entered into a definitive agreement with DISA Technologies, Inc. ("DISA") to create DISA Uranium™ Corporation ("DISA Uranium" or the "Company"), a new technology-enabled U.S. uranium company positioned to strengthen domestic uranium supply and support the growing demand for secure, U.S.-sourced nuclear fuel.
About this update from Isoenergy Ltd.
DISA Uranium Receives US$105 million in Financing Commitments, Backed by Consortium of Leading Strategic Investors TORONTO, Aug. 4, 2026 /CNW/ -- IsoEnergy Ltd. ("IsoEnergy") (NYSE American: ISOU) (TSX: ISO) is pleased to announce that it has entered into a definitive agreement with DISA Technologies, Inc. ("DISA") to create DISA Uranium™ Corporation ("DISA Uranium" or the "Company"), a new technology-enabled U.S. uranium company positioned to strengthen domestic uranium supply and support the growing demand for secure, U.S.-sourced nuclear fuel. Pursuant to the definitive agreement, IsoEnergy will contribute its portfolio of permitted, past-producing conventional uranium mines in Utah, comprising the Tony M Mine, Daneros Mine, Rim Mine, Sage Plain Project, and Flatiron Project (the "Utah Portfolio") to DISA Uranium, in exchange for 1,677,350 shares of Common Stock of the Company (the "Transaction"). 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 US$105 million private placement financing (the "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 US$33 million. Proceeds from the Financing are anticipated to be used to advance DISA Uranium's conventional mine development, fund remediation and recovery programs, progress domestic uranium milling infrastructure, and support the Company's long-term growth. Based on the financing commitments received, DISA Uranium's implied pro forma fully diluted equity value would be approximately US$505 million. IsoEnergy will own approximately 33% of the Company's issued and outstanding shares on a fully diluted basis and will be DISA Uranium's single largest shareholder. Strategic Rationale for the Transaction Philip Williams, Chief Executive Officer and Director of IsoEnergy, commented, "The creation of DISA Uranium marks an important step in advancing IsoEnergy's strategy of building a globally diversified, development ready uranium platform. By con...