IsoEnergy Ltd. announced that it has entered into an agreement with Eight Capital and Haywood Securities Inc. and on bought deal basis to issue 2,400,000 federal flow-through common shares at an issue price of CAD 6.25 per Premium FT Share for the gross proceeds of CAD 15,000,000 on January 18, 2024. The financing is scheduled to close on or about February 9, 2024, and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange. The Premium FT Shares issued pursuant to the Offering will be subject to a hold period of four-months and one day from the closing date of the Offering.

In connection with the Offering, the Underwriters will receive a cash commission equal to 6.0% of the gross proceeds of the Offering. The Company has granted the Underwriters an option to purchase for resale up to an additional 15% of the Premium FT Shares at the Issue Price. The Over-Allotment Option will be exercisable in whole or in part, up to 48 hours prior to the closing date of the Offering.