IsoEnergy Ltd. Announces Bought Deal Financing

Press Release

All monetary amounts are expressed in Canadian Dollars, unless otherwise indicated.

Toronto, February 13, 2025 – IsoEnergy Ltd. (TSX:ISO, OTCQX:ISENF) (the “Company” or “IsoEnergy”) is pleased to announce it has entered into an agreement with a syndicate of underwriters (the “Underwriters”) led by Stifel Nicolaus Canada Inc., pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 4,000,000 common shares that will qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”)) and will be sold on a flow-through basis (the “PFT Shares”) at a price of C$3.75 per PFT Share (the “Offering Price”) for gross proceeds of C$15,000,000 (the “Offering”).

The Company has agreed to grant the Underwriters an over-allotment option to purchase up to an additional 600,000 PFT Shares at the Offering Price, exercisable in whole or in part, at any time and from time to time on or prior to the date that is 30 days following the closing of the Offering to cover over-allotments, if any, and for market stabilization purposes. If this option is exercised in full, an additional C$2,250,000 in gross proceeds will be raised pursuant to the Offering and the aggregate gross proceeds of the Offering will be C$17,250,000.

The Company will use an amount equal to the gross proceeds received by the Company from the sale of the PFT Shares, pursuant to the provisions in the Tax Act, to incur or cause to be incurred eligible “Canadian exploration expenses” that qualify as “flow-through critical mineral mining expenditures” as both terms are defined in the Tax Act  (the “Qualifying Expenditures”) related to the Company’s mineral projects located in Saskatchewan and Quebec, on or before December 31, 2026, and to renounce the Qualifying Expenditures (on a pro rata basis) in favour of the subscribers of the PFT Shares with an effective date not later than December 31, 2025. The proceeds from the Offering are expected to be used for exploration across the Company’s uranium assets located in Saskatchewan and Quebec.

The PFT Shares will be offered by way of a prospectus supplement to be filed in all of the provinces and territories of Canada, except Quebec.

The Offering is scheduled to close on or about February 28, 2025 and is 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.

For further information, please contact:

IsoEnergy Ltd.
Philip Williams, CEO and Director
(833) 572-2333
info@isoenergy.ca
www.isoenergy.ca

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