IsoEnergy Ltd.

IsoEnergy Ltd. provided an update on wildfire activity near its Larocque East Project in northern Saskatchewan. A lightning-caused wildfire is burning in the vicinity, leading to the temporary suspension of exploration activities and the evacuation of most field personnel. Three contractors remain on-site for precautionary measures, and the company expects personnel to be away for up to one week. IsoEnergy stated that the one-week evacuation should not impact its current 8,000-meter drill program.

IsoEnergy Ltd. has successfully completed its acquisition of Toro Energy. As part of the scheme, IsoEnergy issued approximately 4,359,568 common shares to former Toro shareholders, with each receiving 0.036 IsoEnergy shares for every Toro share. This acquisition expands IsoEnergy's development pipeline by adding the Wiluna Uranium Project, complementing its flagship Hurricane project and positioning the company for future growth in a favorable uranium market.

IsoEnergy Ltd. has commenced its 2026 summer exploration program at the Larocque East project in the Athabasca Basin, Canada. The program involves approximately 8,000 meters of diamond drilling across up to 20 holes, focusing on the highly prospective Hurricane South Trend. This follows high-grade winter 2026 results, including 4.21% U₃O₈ over 3.5 meters in hole LE26-248, and aims to expand mineralization beyond the current Hurricane deposit resource of 48.6 Mlb U3O8 Indicated. The company also plans airborne MobileMT surveys and field work on other early-stage projects.

IsoEnergy Ltd. announced the results of its Annual General Meeting (AGM) held on June 10, 2026, where shareholders approved all proposed matters, including the election of six director nominees and the re-appointment of KPMG LLP as the company's auditor. Additionally, the company provided an update on its proposed acquisition of Toro Energy Ltd., confirming that Toro shareholders approved the scheme on June 9, 2026, with 92.89% of votes in favor. The acquisition now awaits approval from the Federal Court of Australia on June 15, 2026, with implementation expected by June 25, 2026.

IsoEnergy Ltd. announced high-grade uranium mineralization from its 2026 winter exploration drilling program at the Larocque East project. Assays from the Hurricane South Trend confirmed up to 4.21% U3O8 over 3.5 meters, including 11.61% U3O8 over 1.0 meter. These results validate the potential for expanding mineralization beyond the current resource footprint, leading to a planned 8,000-meter summer drill program focused on this prospective trend.

IsoEnergy Ltd. reported a net loss of $(1.5) million for the three months ended March 31, 2026, with basic loss per share of $(0.03). The company significantly strengthened its financial position by raising approximately $82.5 million through a bought deal financing and a concurrent private placement. IsoEnergy also advanced its exploration projects in Canada and Utah, including successful drilling at Larocque East and Dorado, and completed a bulk sample program at the Tony M Mine, while progressing the acquisition of Toro Energy.