IsoEnergy Ltd. completed a transaction that added 2,135,760 common shares of Premier American Uranium Inc. (PUR) and 2,708,627 warrants to acquire additional PUR shares. The consideration was 100,000 IsoEnergy common shares issued at a deemed price of $11.58 per share, totaling $1,158,000.
Prior to the deal IsoEnergy held 4,245,841 PUR shares and 167,708 warrants, representing 6.27 % of PUR’s outstanding shares on a non‑diluted basis. After the transaction, the company’s holdings rise to 6,381,601 shares and 2,876,335 warrants, boosting its non‑diluted stake to 9.42 % and its diluted stake to 13.11 %.
The acquisition deepens IsoEnergy’s exposure to high‑grade uranium assets in the United States. PUR focuses on consolidating, exploring, and developing uranium projects in New Mexico, Wyoming, and Colorado, while IsoEnergy’s portfolio also includes the Larocque East project in Canada’s Athabasca Basin and permitted uranium and vanadium mines in Utah. By increasing its equity position, IsoEnergy positions itself to benefit from the strengthening uranium price environment and the growing demand for domestic uranium production.
IsoEnergy’s chief executive, Philip Williams, said the company’s investment in PUR reflects a “consistent track record of value creation through disciplined M&A and asset advancement.” He added that the “strengthening uranium price environment and powerful tailwinds in the nuclear sector” motivate the company to increase its equity exposure.
The transaction aligns with broader market dynamics that favor clean energy transitions and energy security. Global uranium prices have risen as nuclear utilities seek reliable domestic supplies, and the Athabasca Basin remains a key source of high‑grade deposits. IsoEnergy’s expanded stake in PUR positions the company to capture upside from these tailwinds while maintaining flexibility to adjust its position as market conditions evolve.
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