IsoEnergy Announces New At-The-Market Equity Program
IsoEnergy Announces New At-The-Market Equity Program
Toronto, ON, April 17, 2026 – IsoEnergy Ltd. (“IsoEnergy” or the “Company”) (NYSE American:
ISOU; TSX: ISO) is pleased to announce that it has entered into an equity distribution agreement
(the “ Distribution Agreement ”) with Virtu Canada Corp. (the “ Canadian Agent ”) and Virtu
Americas LLC (together with the Canadian Agent, the “ Agents”). Pursuant to the Distribution
Agreement, the Company may distribute up to C$ 50,000,000 (or its equivalent in other
currencies) of common shares in the capital of the Company (the “Common Shares”), from time
to time through the Agents (the “ ATM Program”). This ATM Program replaces the Company’s
previous at -the-market equity program announced on June 2, 2025 , which has since been
terminated.
Philip Williams, CEO and Director of IsoEnergy, commented, “Maintaining an at-the-market equity
program provides IsoEnergy with additional financial flexibility and an efficient supplemental
capital markets tool that can be used selectively, if and when appropriate. With a strong cash
position of $135.1 million1 and equity portfolio of $52.6 million 2, we are well funded to execute
on our current plans, and the ATM Program is not being established to address any immediate
capital requirements. Instead, it preserves optionality, allowing the Company to act
opportunistically in support of future growth, strategic initiatives, and balance sheet strength.”
Any Common Shares sold through the ATM Program will be sold (i) through ordinary brokers’
transactions on the NYSE American LLC (the “NYSE American”) or another U.S. “marketplace”, as
such term is defined in National Instrument 21 -101 – Marketplace Operation (“NI 21-101”), (ii)
through ordinary brokers’ transactions on the Toronto Stock Exchange (the “TSX”) that constitute
“at-the-market distributions” as defined in National Instrument 44 -102 – Shelf Distributions, (iii)
on another Canadian “marketplace”, a s such term is defined in NI 21 -101, upon which the
1 As disclosed in IsoEnergy’s Management’s Discussion and Analysis for the year ended December 31, 2025 ,
dated February 26, 2026.
2 The equity portfolio consists of marketable securities in NexGen Energy Ltd., Premier American Uranium Inc.,
Atha Energy Corp., Jaguar Uranium Corp., Toro Energy Limited, Purepoint Uranium Group Inc., Future Fuels
Inc., Royal Uranium Inc., Verdera Energy C orp., and Biondi Ventures Inc., as disclosed in IsoEnergy’s Audited
Consolidated Financial Statements for the year ended December 31, 2025.
Common Shares are listed, quoted or otherwise traded, or (iv) otherwise at market prices
prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.
The volume and timing of sales under the ATM Program, if any, will be determined at the
Company’s sole discretion and in accordance with the terms of the Distribution Agreement. The
TSX has conditionally approved the listing of the Common Shares that may b e issued under the
ATM Program, and the Company has applied for authorization from the NYSE American for the
listing of such Common Shares. The Company is not obligated to make any sales of Common
Shares under the ATM Program. The ATM Program will be effective until the earlier of the issuance
and sale of all of the Common Shares issuable pursuant to the ATM Program and the date that
the ATM Program is otherwise terminated pursuant to the terms of the Distribution Agreement.
The Company intends to use the net proceeds from the ATM Program, if any, for general corporate
purposes, which may include funding of corporate and project overhead expenses, financing of
capital expenditures, repayment of indebtedness, technical studies and exploration in the United
States and Australia and additions to working capital.
The ATM Program is being established pursuant to a prospectus supplement dated April 17, 2026
(the “ Canadian Prospectus Supplement”) to the Company’s short form base shelf prospectus
dated January 13, 2026 (the “ Base Shelf Prospectus ”), as filed with the securities regulatory
authorities in each of the provinces and territories of Canada, and pursuant to a prospectus
supplement dated April 17, 2026 (the “U.S. Prospectus Supplement”) to the Company’s U.S. base
prospectus included in its registration statement on Form F -10 (the “ Registration Statement”)
and filed with the U.S. Securities and Exchange Commission (the “SEC”) on January 13, 2026.
The Company has filed the Registration Statement (including the U.S. base shelf prospectus) and
the U.S. Prospectus Supplement to which this communication relates with the SEC. Before you
invest, you should read the Registration Statement, the U.S. Prospec tus Supplement and other
documents the issuer has filed with the SEC, as well as the corresponding documents filed in
Canada, for more complete information about the Company and this offering. The Canadian
Prospectus Supplement and Base Shelf Prospectus m ay be downloaded for free from SEDAR+
at www.sedarplus.ca, and the U.S. Prospectus Supplement and the Registration Statement are
accessible for free via EDGAR on the SEC website at www.sec.gov. Alternatively, the Company
will send you copies of such docum ents upon request made to the Company contact provided
below, and the Agents will send copies of such documents to investors upon request by contacting
Virtu Canada Corp. at 1720 – 222 Bay Street, Toronto, ON M5K 1B7, by email at
[email protected], or by telephone at (646) 682-6322 or by contacting Virtu Americas LLC
at 41st Floor – 1633 Broadway, New York, NY 10019 United States, by email at [email protected],
or by telephone at (646) 682-6322.
This press release does not constitute an offer to sell or the solicitation of an offer to buy
securities, nor will there be any sale of the securities in any province, territory, state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior to the registration or qualification
under the securities laws of any such province, territory, state or jurisdiction. No securities
regulatory authority has either approved or disapproved of the contents of this press release.
About IsoEnergy Ltd.
IsoEnergy (NYSE American: ISOU; TSX: ISO) 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 mi neral 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:
Philip Williams
CEO and Director
1-833-572-2333
X: @IsoEnergyLtd
Cautionary Statement Regarding Forward-Looking Information
This press release contains “forward -looking information” within the meaning of applicable
Canadian securities legislation and “forward -looking statements” within the meaning of U.S.
securities laws (collectively, “forward -looking statements”). Generally, forward-looking
statements can be identified by the use of forward-looking terminology such as “plans”, “expects”
or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”,
“anticipates” or “does not anticipate”, or “b elieves”, or variations of such words and phrases or
state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”,
“occur” or “be achieved”. These forward -looking statements may relate to the anticipated sale
and distribution of Common Shares under the ATM Program; the volume and timing of the sale
and distribution of Common Shares under the ATM Program; the expected uses of the net
proceeds from the ATM Program; receipt of TSX approval and NYSE American authorization fo r
listing of the Common Shares; the Company’s properties, including expectations with respect to
the advancement of the Company’s properties; the Company’s ability to execute on its 2026 work
programs; and any other activities, events or developments that the Company expects or
anticipates will or may occur in the future.
Forward-looking statements are necessarily based upon a number of assumptions that, while
considered reasonable by management at the time, are inherently subject to business, market
and economic risks, uncertainties and contingencies that may cause actual results, performance
or achievements to be materially different from those expressed or implied by forward -looking
statements. Such assumptions include, but are not limited to, assumptions that the results of
planned exploration and development activities are as anticipated; the anticipated mineralization
of IsoEnergy’s projects being consistent with expectations and the potential benefits from such
projects and any upside from such projects; the price of uranium; that general business and
economic conditio ns will not change in a materially adverse manner; that financing will be
available if and when needed and on reasonable terms; and that third party contractors,
equipment and supplies and governmental and other approvals required to conduct the
Company’s planned activities will be available on reasonable terms and in a timely
manner. Although IsoEnergy has attempted to identify important factors that could cause actual
results to differ materially from those contained in forward -looking statements, there m ay be
other factors that cause results not to be as anticipated, estimated or intended. There can be no
assurance that such statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements.
Such statements represent the current views of IsoEnergy with respect to future events and are
necessarily based upon a number of assumptions and estimates that, while considered reasonable
by IsoEnergy, are inherently subject to significant business, econ omic, competitive, political and
social risks, contingencies and uncertainties. Risks and uncertainties include, but are not limited
to the following: negative operating cash flow and dependence on third party financing;
uncertainty of additional financing; no known mineral reserves; aboriginal title and consultation
issues; reliance on key management and other personnel; actual results of exploration activities
being different than anticipated; changes in exploration programs based upon results; availability
of third party contractors; availability of equipment and supplies; failure of equipment to operate
as anticipated; accidents, effects of weather and other natural phenomena; other environmental
risks; changes in laws and regulations; regulatory determi nations and delays; stock market
conditions generally; demand, supply and pricing for uranium; other risks associated with the
mineral exploration industry; and general economic and political conditions in Canada, the United
States and other jurisdictions where the Company conducts business. Other factors which could
materially affect such forward-looking statements are described in the risk factors in IsoEnergy’s
most recent annual management’s discussion and analysis and annual information form and
IsoEnergy’s other filings with securities regulators which are available under the Company’s
profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. IsoEnerg y does not
undertake to update any forward -looking statements, except in accordance with applicable
securities laws.