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IsoEnergy Ltd.: An Athabasca Basin Uranium Developer Built Around the High-Grade Hurricane Deposit, With Holdings in the U.S. and Australia

Maker Capital Research2026-10-2010 min read
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Uranium Development TSX: ISO | NYSE American: ISOU

Hurricane Indicated
48.6 Mlb
U3O8 at 34.5% (TR effective Jul 8, 2022)
Cash
~$117.3M
at Jul 29, 2026 (Q2 2026 MD&A)
2026 drilling
16,963 m
43 holes at Larocque East (Sep 8, 2026)
DISA Uranium
~33%
fully diluted, after Aug 19, 2026 closing

Three things to know

  1. IsoEnergy's 100%-owned Hurricane deposit hosts an Indicated resource of 48.6 million pounds U3O8 at 34.5% U3O8, per a technical report effective July 8, 2022, as cited in its Q2 2026 MD&A.
  2. The Company drilled 16,963 metres in 43 holes at Larocque East in 2026. On September 8, 2026 it reported summer radiometric results on the Hurricane South Trend, with summer assays then pending.
  3. In 2026 the Company closed a C$57.5 million bought deal and a C$25 million NexGen placement in January, the Toro Energy acquisition on June 25 and the DISA Uranium transaction on August 19, leaving it with about 33% of DISA Uranium.

Company Profile

IsoEnergy Ltd. (TSX: ISO | NYSE American: ISOU) is a Toronto-based uranium exploration and development company with properties in Canada, the United States and Australia. Its flagship asset is the 100%-owned Larocque East Project in the eastern Athabasca Basin of northern Saskatchewan, home to the Hurricane deposit. According to the Company's MD&A for the three and six months ended June 30, 2026 (dated July 29, 2026), Hurricane hosts an Indicated Mineral Resource of 48.6 million pounds of U3O8 at an average grade of 34.5% U3O8 in 63,800 tonnes, which the Company describes as the world's highest-grade published Indicated uranium Mineral Resource.

It also holds a 50% joint venture interest with Purepoint Uranium Group, projects in Quebec and Virginia, and, since acquiring Toro Energy Limited on June 25, 2026, the Wiluna Uranium Project in Western Australia. In August 2026 it contributed its Utah mines to DISA Uranium Corporation, of which it is the largest shareholder.

As stated in its Q2 2026 MD&A, none of the Company's projects are currently in production and no decisions have been made to bring any of its projects to the production stage.

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