The shelf prospectus supplement, the
corresponding base shelf prospectus and any amendment to the
documents are accessible through SEDAR+
/THIS NEWS RELEASE IS INTENDED FOR
DISTRIBUTION IN CANADA ONLY AND IS
NOT FOR DISTRIBUTION TO UNITED
STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
All monetary amounts are expressed in Canadian
Dollars, unless otherwise indicated.
TORONTO, Feb. 18,
2025 /CNW/ - IsoEnergy Ltd. (TSX: ISO) (OTCQX: ISENF)
(the "Company" or "IsoEnergy") is pleased to announce
that, further to its news releases dated February 13, 2025, it has filed a prospectus
supplement (the "Prospectus Supplement") to its short form
base shelf prospectus filed on September 5,
2024 (the "Shelf Prospectus") with the securities
regulatory authorities in each of the provinces and territories of
Canada other than Quebec to qualify the distribution of
4,642,000 common shares that will qualify as "flow-through
shares" (within the meaning of subsection 66(15) of the Income
Tax Act (Canada)) and will be
sold on a flow-through basis (the "PFT Shares") at a price
of C$3.75 per PFT Share for gross proceeds
of approximately C$17,400,000 (the
"Offering").
Access to the Prospectus Supplement, the corresponding Shelf
Prospectus and any amendment thereto in connection with the
Offering is provided in accordance with securities legislation
relating to procedures for providing access to a shelf prospectus
supplement, a base shelf prospectus and any amendment thereto. The
Shelf Prospectus and the Prospectus Supplement are accessible on
SEDAR+ (www.sedarplus.ca) under IsoEnergy's issuer profile.
An electronic or paper copy of the Prospectus Supplement, the
corresponding Shelf Prospectus and any amendment thereto may be
obtained, without charge, from ProspectusCanada@stifel.com by
providing the contact with an email address or address, as
applicable. The Shelf Prospectus and Prospectus Supplement contain
important, detailed information about the Company, the Offering and
the PFT Shares. Prospective investors should read the Shelf
Prospectus and Prospectus Supplement before making an investment
decision.
Concurrently with the Offering, the Company intends to complete
a non-brokered private placement (the "Concurrent Private
Placement") of 2,500,000 common shares ("Shares") (which
for greater certainty will not quality as "flow-through shares") at
a price of C$2.50 per Share with
NexGen Energy Ltd. ("NexGen") for aggregate gross proceeds
of C$6,250,000. The Concurrent
Private Placement is being completed to enable NexGen to maintain
its pro rata ownership interest in the Company at approximately
31.8% after giving effect to the Offering. The Shares to be issued
pursuant to the Concurrent Private Placement will be subject to a
restricted hold period of four months and one day following the
closing of the Concurrent Private Placement. No commission or other
fee is payable to the underwriters of the Offering in connection
with the sale of Shares pursuant to the Concurrent Private
Placement. The net proceeds from the Concurrent Private Placement
are expected to be used for working capital purposes.
The Offering and the Concurrent Private Placement are scheduled
to close on or about February 28,
2025 and are subject to certain conditions including, but
not limited to, the receipt of all necessary approvals including
conditional approval from the Toronto Stock Exchange (the
"Exchange") and the securities regulatory
authorities.
This press release shall not constitute an offer to sell or
the solicitation of an offer to buy nor shall there be any sale of
the securities in any state in which such offer, solicitation or
sale would be unlawful. The securities being offered have not been,
nor will they be, registered under the U.S. Securities Act and may
not be offered or sold in the United
States absent registration or an applicable exemption from
the registration requirements of the U.S. Securities Act, and
application state securities laws.
About IsoEnergy Ltd.
IsoEnergy (TSX: ISO) (OTCQX: ISENF) is a leading, globally
diversified uranium company with substantial current and historical
mineral resources in top uranium mining jurisdictions of
Canada, the U.S. and Australia at varying stages of development,
providing near-, medium- and long-term leverage to rising uranium
prices. IsoEnergy is currently advancing its Larocque East project in Canada's Athabasca basin, which is home to the
Hurricane deposit, boasting the world's highest-grade indicated
uranium mineral resource.
IsoEnergy also holds a portfolio of permitted past-producing,
conventional uranium and vanadium mines in Utah with a toll milling arrangement in place
with Energy Fuels. These mines are currently on standby, ready for
rapid restart as market conditions permit, positioning IsoEnergy as
a near-term uranium producer.
Neither the Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the Exchange) accepts
responsibility for the adequacy or accuracy of this Press
Release.
Disclosure regarding forward-looking statements
This press release contains "forward-looking information"
within the meaning of applicable Canadian securities legislation.
Generally, forward-looking information can be identified by the use
of forward-looking terminology such as "plans", "expects" or "does
not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved". This forward-looking
information may relate to the Offering and the Concurrent Private
Placement, including statements with respect to the completion of
the Offering and the Concurrent Private
Placement and the anticipated closing date thereof; the
expected receipt of regulatory and other approvals relating to the
Offering and the Concurrent Private Placement; the expected
proceeds of the Offering and the Concurrent Private Placement and
the anticipated use of the net proceeds therefrom; and any other
activities, events or developments that the companies expect or
anticipate will or may occur in the future.
Forward-looking statements are necessarily based upon a
number of assumptions that, while considered reasonable by
management at the time, are inherently subject to business, market
and economic risks, uncertainties and contingencies that may cause
actual results, performance or achievements to be materially
different from those expressed or implied by forward-looking
statements. Such assumptions include, but are not limited to, the
assumptions that IsoEnergy will complete the Offering and the
Concurrent Private Placement in accordance with terms and
conditions of the relevant agreements; that the Company will
receive the required regulatory and other approvals related to the
Offering and the Concurrent Private Placement; that the Company
will satisfy, in a timely manner, any conditions precedent to
completion of the Offering and the Concurrent Private Placement;
the price of uranium; and that general business and economic
conditions will not change in a materially adverse manner. Although
IsoEnergy has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking information.
Such statements represent the current views of IsoEnergy with
respect to future events and are necessarily based upon a number of
assumptions and estimates that, while considered reasonable by
IsoEnergy, are inherently subject to significant business,
economic, competitive, political and social risks, contingencies
and uncertainties. Risks and uncertainties include, but are not
limited to the following: a material adverse change in the timing
of and the terms and conditions upon which the Offering and the
Concurrent Private Placement are completed; the inability to
satisfy or waive all conditions to completion of the Offering and
the Concurrent Private Placement; the failure to obtain regulatory
approvals in connection with the Offering and the Concurrent
Private Placement; regulatory determinations and delays; stock
market conditions generally; demand, supply and pricing for
uranium; and general economic and political conditions in
Canada, the United States and other jurisdictions
where the applicable party conducts business. Other factors which
could materially affect such forward-looking information are
described in the risk factors in IsoEnergy's most recent annual
management's discussion and analysis or annual information form and
IsoEnergy's other filings with the Canadian securities
regulators which are available under the Company's
profile on SEDAR+ at www.sedarplus.ca. IsoEnergy does not undertake
to update any forward-looking information, except in accordance
with applicable securities laws.
SOURCE IsoEnergy Ltd.
