IsoEnergy to Buy Premier American Uranium Stake in $4.6 Million Stock Deal
The uranium company will lift its Premier American Uranium holding to about 22% of outstanding shares as it deepens U.S. development and ISR exploration exposure.
IsoEnergy Ltd. (ISOU) agreed to acquire 13,642,775 common shares of Premier American Uranium Inc. from Sachem Cover Opportunity Fund LP in an all-stock transaction valued at $4,558,057.
The uranium company will issue 387,491 of its common shares at a deemed price of $11.763 a share. Closing is subject to customary conditions, including Toronto Stock Exchange approval of the share issuance. Premier American Uranium will not issue securities or receive proceeds.
The deal transfers Sachem Cove’s position to IsoEnergy, a founding and strategic shareholder, and is intended to strengthen the company’s exposure to U.S. uranium development and in-situ recovery exploration.
Immediately before closing, IsoEnergy owned 7,493,601 Premier American Uranium shares and warrants to acquire 3,060,127 more, or about 7.8% of outstanding shares on a non-diluted basis and 10.7% on a partially diluted basis assuming all warrants are exercised. After the transaction, the company is deemed to own 21,136,376 Premier American Uranium shares plus the same warrants, or about 22.1% non-diluted and 24.5% partially diluted. The securities are held for investment.
Philip Williams, CEO and Director of IsoEnergy, said the company was pleased to increase its position as Premier American Uranium advances the Cebolleta uranium project in New Mexico and pursues ISR exploration in Wyoming. He said recent weakness in the uranium developer’s share price does not reflect the value of its development portfolio and exploration upside, creating an attractive opportunity to add to holdings.
Williams said the transaction further strengthens IsoEnergy’s exposure to the U.S. uranium sector, which spans near-term production, development and exploration through its own portfolio and investments in DISA Uranium and Premier American Uranium. He said DISA Uranium’s recent investment in Premier American Uranium further reinforces strategic support as the company pursues a next phase of growth.
The increase follows DISA Uranium Corporation’s completion of a US$5 million strategic investment in subscription receipts of Premier American Uranium priced at C$0.75 each, a 41.5% premium to the uranium developer’s closing share price on September 14, 2026. The receipts convert into common shares upon satisfaction or waiver of escrow release conditions. IsoEnergy is also a significant shareholder of DISA Uranium.
The Premier American Uranium shares are being acquired under an exemption in National Instrument 62-104. IsoEnergy said it has no current plans with respect to the securities but may, depending on market and industry conditions, acquire additional securities, dispose of some or all of existing or additional holdings, or continue to hold them. An early warning report will be filed with securities regulators.
IsoEnergy reports net loss of C$1.7 million for nine months