What IsoEnergy does

IsoEnergy Ltd. is a publicly traded uranium exploration and development company (NYSE: ISOU; TSX: ISO) headquartered in Toronto with operations across three tier-one mining jurisdictions: Canada (Saskatchewan and Quebec), the United States (Utah and Virginia), and Australia (Western Australia, Queensland, and South Australia). The company is pre-revenue and holds 55.2 million pounds of combined measured and indicated uranium oxide (U3O8) resources, anchored by the Hurricane deposit at Larocque East in Saskatchewan's Athabasca Basin — recognized as the world's highest-grade published indicated uranium mineral resource at 34.5% U3O8 (48.6 million pounds). The portfolio includes the fully permitted Tony M Mine in Utah, positioned for near-term production restart with bulk sampling initiated January 2026; the Wiluna project in Western Australia acquired through the Toro Energy acquisition completed in June 2026; and additional exploration and development assets including Coles Hill (Virginia), Ben Lomond (Queensland), and joint-venture exposure through the Purepoint Uranium partnership spanning 98,000 hectares in the eastern Athabasca Basin.

The company's go-to-market model is direct enterprise sales of U3O8 to nuclear power utilities through long-term supply contracts and spot market transactions once production commences. Near-term production is enabled by a toll milling arrangement with Energy Fuels' White Mesa Mill — the only operating conventional uranium mill in the United States — reducing capital intensity. Processing innovations at Tony M include high-pressure slurry ablation (>90% uranium recovery, upgrading to ~25% of original mass) and ore sorting (>90% recovery into ~50% mass). Management brings deep uranium-specific credentials: CEO Philip Williams previously led Uranium Royalty Corp.; CFO Graham du Preez was CFO of Uranium One; COO Marty Tunney was previously President of Consolidated Uranium; and Vice Chairman Leigh Curyer is CEO of NexGen Energy, which maintains ~30% ownership. The company is supported by analyst coverage from eight institutions including TD Securities (Strong Buy), and holds C$135.1 million in cash as of April 2026.

Name

IsoEnergy

Legal name

IsoEnergy Ltd.

Website

https://isoenergy.ca

Company type

Public

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

IsoEnergy is a pre-revenue, publicly traded uranium exploration and development company operating in Canada, the United States, and Australia, anchored by the world's highest-grade indicated uranium resource (Hurricane deposit at 34.5% U3O8) and positioning for near-term production via the permitted Tony M Mine in Utah.

Ownership category

akta.pro rank

Product category

Uranium Mining

akta.pro primary industry

Uranium Exploration & Resource Development (EUAKACAA)

Keywords

• Uranium exploration
• Uranium development
• Mineral resource evaluation
• Conventional uranium mining
• U3O8 production

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Uranium Sales (Future): IsoEnergy is currently pre-revenue as an exploration and development-stage uranium company. Upon restart of the Tony M Mine in Utah and future development of the Hurricane deposit, revenue will be generated through long-term supply contracts and spot sales of uranium oxide (U3O8) to nuclear power utilities. The Tony M bulk sample program (initiated January 2026) is designed to inform a restart decision that would position the company as a near-term uranium producer.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

IsoEnergy Ltd. is a publicly traded uranium exploration and development company operating a diversified portfolio of uranium assets across Canada (Saskatchewan, Quebec), the United States (Utah, Virginia), and Australia (Western Australia, Queensland, South Australia). The company is advancing the Larocque East project in Canada's Athabasca Basin — home to the Hurricane deposit, the world's highest-grade published indicated uranium mineral resource — and is preparing for near-term production restart at the fully permitted Tony M Mine in Utah through a toll milling arrangement with Energy Fuels' White Mesa Mill.

Product overview

IsoEnergy Ltd. is a globally diversified uranium company operating across Canada, the United States, and Australia with assets at varying stages of development. The company is led by the Larocque East Project in Canada's Athabasca Basin, home to the Hurricane deposit—the world's highest-grade indicated uranium resource—alongside a portfolio of permitted, past-producing conventional uranium and vanadium mines in Utah positioned for near-term production restart. International assets include Australian projects acquired through the Toro Energy acquisition (including Ben Lomond, Milo, West Newcastle Range, and Yarranna), providing medium to long-term development potential.

Differentiator

Problem solved

Functional benefit

Products and services

• Larocque East Project (Hurricane Deposit) Uranium exploration and development project in Saskatchewan's Athabasca Basin; hosts the Hurricane deposit — the world's highest-grade published indicated uranium mineral resource with 48.6 Mlb U3O8 at 34.5% U3O8 plus 2.7 Mlb at 2.2% U3O8 inferred. Located 35 km northwest of Orano Canada's McClean Lake uranium mine and mill.
• Tony M Mine Large-scale, fully developed and permitted underground uranium mine in Utah's Henry Mountain Basin, 5 miles north of Ticaboo and 127 miles west of the White Mesa Mill. Has excellent surface facilities and 17 miles of existing underground development, requiring little refurbishment to bring into production.
• Hawk Project Uranium exploration project located 37 kilometres west of Larocque East property in Saskatchewan with multiple prospective targets across 15-km strike and an ANT survey-identified velocity low anomaly.
• East Rim Project Uranium exploration project straddling the eastern margin of the Athabasca Basin, covering 25,111 hectares with basement-hosted target potential.
• Ranger Project Uranium exploration project located between McArthur River and Cigar Lake mines covering 15,619 hectares with shallow unconformity depth of 71-223 metres.
• Daneros Mine Fully developed and permitted underground uranium mine in Utah's White Canyon district, approximately 70 miles from the White Mesa Mill.
• Rim Mine Uranium and vanadium mine in Utah's Uravan Mineral Belt with existing surface infrastructure, portals, and underground workings available for restart.
• Coles Hill Project The largest undeveloped uranium deposit in the U.S., located in Virginia, containing 119.6M tons at 0.056% grade for 132.9M lbs indicated resources.
• Ben Lomond Project High-grade uranium-molybdenum project in Queensland, Australia, with historical indicated resources of 7.9M lbs U3O8, open to the east over at least 1 km strike length.
• Milo Project Large IOCG (iron oxide copper gold) breccia style system with uranium, copper, gold and rare earth mineralization over 1 km strike length and up to 200m width.
• West Newcastle Range Project Advanced stage exploration project in Queensland with known uranium prospects including historic results of 12m at 0.57% U3O8 and 10m at 0.59% U3O8.
• Yarranna Project Advanced stage uranium exploration project in South Australia with historic shallow high-grade intersections potentially amenable to in-situ recovery.
• Dorado Joint Venture Joint venture with Purepoint Uranium spanning 98,000 hectares consolidating 10 high-valued uranium projects including the Nova discovery with grades up to 8.1% U3O8.

Quantifiable outcome

• Hurricane deposit holds 48.6 Mlb U3O8 at 34.5% U3O8 indicated, the world's highest-grade published indicated resource.
• +2 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Purepoint Uranium Group Inc.coreStrategic or Co-development Partner · 4 December 2025IsoEnergy maintains a joint venture with Purepoint Uranium spanning over 98,000 hectares and 10 high-valued uranium projects in Saskatchewan's eastern Athabasca Basin, including the Dorado, Aurora, and Celeste project areas. Purepoint operates the JV with IsoEnergy as a 50/50 partner, advancing exploration drilling programs. The JV discovered high-grade uranium at Nova (up to 8.1% U3O8) in 2025 and approved a 2026 exploration program of approximately 7,450m across 17 drill holes.
• Momentum IR Corp.minorGTM or Marketing Partner · 9 February 2024IsoEnergy engaged Momentum IR Corp. for investor relations services to support capital market activities, investor communications, and shareholder engagement.
• Consolidated Uranium Inc.coreStrategic or Co-development Partner · 5 December 2023IsoEnergy completed its merger with Consolidated Uranium Inc. in December 2023, acquiring all outstanding shares and making Consolidated Uranium a wholly-owned subsidiary. The merger involved issuing approximately 52 million IsoEnergy Shares to Consolidated Uranium shareholders, enhancing IsoEnergy's position as a major uranium developer and explorer with assets in Canada, the U.S., and Australia.
• Energy Fuels Inc.coreChannel Partner/ Reseller/ DistributorEnergy Fuels Inc. operates the White Mesa Mill in Utah, the only conventional uranium mill currently operating in the United States. IsoEnergy has a toll milling agreement with Energy Fuels for processing of ore from its Tony M Mine and other Utah uranium projects. Under the arrangement, mined mineralized material from Tony M is transported to White Mesa for processing.
• Toro Energy Ltd.coreStrategic or Co-development PartnerIsoEnergy acquired Toro Energy Limited via a scheme of arrangement completed in June 2026, adding the Wiluna Uranium Project in Western Australia to its portfolio. The all-share transaction valued at approximately A$75 million (US$48.9 million) gave Toro shareholders 0.036 IsoEnergy shares per Toro share held, with approximately 4,359,568 IsoEnergy shares issued. Post-acquisition, the combined entity holds 55.2 million pounds of M&I uranium oxide across three jurisdictions.

Scale indicators7 records

Recent moves8 records

Expansion highlights6 records

Emerging players

• enCore Energy Corp. U.S.-focused ISR uranium producer restarting multiple Texas and Wyoming uranium projects. Comparable to IsoEnergy's Tony M conventional mine restart thesis but with ISR rather than underground conventional mining methodology.

Broad incumbents

• Cameco Corporation: World's largest pure-play uranium producer operating McArthur River and Cigar Lake in the Athabasca Basin. Directly comparable as a uranium producer/explorer with overlapping Saskatchewan assets, though Cameco is orders of magnitude larger and also operates conversion services.

Direct peers

• NexGen Energy Ltd. Developer of the Rook I/Arrow project in the Athabasca Basin — the world's largest undeveloped high-grade uranium deposit. NexGen is also IsoEnergy's largest shareholder (~30%) and shares directors and offices, making it the most directly comparable Athabasca Basin developer with overlapping management.
• Denison Mines Corp. Athabasca Basin uranium developer focused on the Wheeler River project. Operates in the same Saskatchewan jurisdiction as IsoEnergy's Hurricane deposit and pursues a similar ISR/development pathway, making it a direct peer in the high-grade Athabasca uranium space.
• Energy Fuels Inc. Operates the White Mesa Mill — the only conventional uranium mill in the U.S. — and is IsoEnergy's toll milling partner for Tony M. Energy Fuels also produces uranium from its own U.S. mines and has expanded into rare earth processing, making it a U.S.-focused uranium peer.
• Paladin Energy Ltd. Australia-listed uranium producer restarting the Langer Heinrich Mine in Namibia with plans for Australian production growth. Comparable as a globally diversified uranium developer with Australian asset overlap following IsoEnergy's Toro Energy acquisition.
• Boss Energy Ltd. Australian uranium producer operating the Honeymoon ISR mine in South Australia. Comparable to IsoEnergy's Australian calcrete-hosted uranium development thesis via the Wiluna project acquired from Toro Energy.
• Uranium Energy Corp: U.S.-focused ISR uranium producer and developer with assets in Wyoming, South Texas, and New Mexico. Comparable as a U.S. uranium developer with similar production-restart thesis to IsoEnergy's Tony M and Daneros/Rim mine portfolio in Utah.
• Fission Uranium Corp. Developer of the PLS (Patterson Lake South) high-grade uranium project in the Athabasca Basin. Direct peer in the high-grade Athabasca uranium exploration/development space with comparable deposit characteristics to Hurricane.
• Peninsula Energy Ltd. Australian-listed uranium producer with operations in South Africa (Karoo) and a flagship Lance ISR project in Wyoming. Comparable to IsoEnergy as a multi-jurisdictional uranium developer with U.S. and Australian asset overlap.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/isoenergy-ltd
• Xx.com/isoenergyltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries1 record

Funding overview

Funding rounds13 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IsoEnergy