IsoEnergy Raises C$25 Million from NexGen to Advance Uranium Projects and Preserve Strategic Stake

IsoEnergy ( (TSE:ISO) ) has shared an update.

IsoEnergy has completed a C$25 million non-brokered private placement with strategic shareholder NexGen Energy, issuing 1,666,667 common shares at C$15.00 each in a move concurrent with its previously announced bought deal financing. The funds will be directed toward continued development and exploration of IsoEnergy’s mineral properties and general corporate purposes, while allowing NexGen to maintain an approximately 30% pro rata ownership stake in the company; the transaction, treated as a related-party deal under Canadian securities rules, was approved by IsoEnergy’s board with interested directors abstaining, underscoring the close strategic alignment between the two uranium players and reinforcing IsoEnergy’s funding base for advancing its projects and potential near-term production plans.

The most recent analyst rating on (TSE:ISO) stock is a Buy with a C$25.00 price target. To see the full list of analyst forecasts on IsoEnergy stock, see the TSE:ISO Stock Forecast page.

More about IsoEnergy

IsoEnergy Ltd. is a globally diversified uranium company with substantial current and historical mineral resources in leading uranium jurisdictions across Canada, the U.S. and Australia. The company is advancing its flagship Larocque East project in Canada’s Athabasca Basin, host to the Hurricane deposit, regarded as the world’s highest-grade indicated uranium mineral resource, and it also controls a portfolio of permitted, past-producing conventional uranium and vanadium mines in Utah under a toll milling arrangement with Energy Fuels, positioning it as a potential near-term uranium producer leveraged to rising uranium prices.

Average Trading Volume: 181,481

Technical Sentiment Signal: Buy

Current Market Cap: C$841.6M

Learn more about ISO stock on TipRanks’ Stock Analysis page.