On August 19, 2026, IsoEnergy Ltd., through its wholly-owned subsidiary, completed the sale of its 100% interest in the Dieter Lake uranium project located in North-Central Quebec to UraniumX Discovery Corp. As consideration for the property, IsoEnergy received 18,000,000 common shares of UraniumX at a deemed price of $0.10 per share and a 2.0% net smelter returns royalty payable on all production from the property.
In connection with closing of the transaction, IsoEnergy entered into an investor rights agreement with UraniumX pursuant to which IsoEnergy has been granted, for so long as it maintains a 5.0% partially diluted ownership interest, the right to nominate one director to the UraniumX board, the right to participate in future equity issuances and top-up rights to maintain its pro rata ownership, on customary terms.
Cassels acted as counsel to IsoEnergy.