PR Newswire·Nov 10, 2026, 7:00 AM ET

IsoEnergy Increases Strategic Holding in Premier American Uranium Inc.

IsoEnergy Ltd. agreed to acquire 13,642,775 common shares of Premier American Uranium Inc. from Sachem Cover Opportunity Fund LP.
Consideration for the transaction consists of 387,491 IsoEnergy common shares issued at a deemed price of $11.763 per share, totaling $4,558,057.
PUR will receive no proceeds from the transaction, which transfers Sachem Cove's position to IsoEnergy to strengthen exposure to U.S. uranium development.
Closing is subject to customary conditions, including approval from the Toronto Stock Exchange.
IsoEnergy previously held 7,493,601 PUR shares & warrants for 3,060,127 additional shares, representing 7.8% ownership on a non-diluted basis.
Upon completion, IsoEnergy's aggregate holding will increase to 21,136,376 PUR shares & warrants for 3,060,127 additional shares, representing approximately 22.1% on a non-diluted basis.
The transaction follows PUR's recent US$5 million strategic investment by DISA Uranium Corporation at a 41.5% premium to the September 14, 2026 closing price.
IsoEnergy CEO Philip Williams cited PUR's Cebolleta project in New Mexico & ISR exploration in Wyoming as key drivers for the increased investment.
Shares are held for investment purposes & acquired under an exemption in Section 4.2 of National Instrument 62-104.
An early warning report detailing the transaction will be filed with regulators & available on SEDAR+ under PUR's profile.