IsoEnergy and DISA Technologies form DISA Uranium

IsoEnergy and DISA Technologies have completed a transaction to form DISA Uranium, a technology-enabled U.S. uranium company. The new entity aims to strengthen domestic uranium supplies to meet the rising demand for secure, U.S.-sourced nuclear fuel.

As part of the agreement, IsoEnergy contributed its Utah portfolio—which includes the Tony M Mine, Daneros Mine, Rim Mine, Sage Plain Project, and Flatiron Project—to DISA Uranium. In exchange, IsoEnergy received approximately 1.68 million shares of common stock, making it the company’s largest shareholder with a roughly 33% stake on a fully diluted basis.

DISA Uranium will integrate IsoEnergy’s permitted, past-producing conventional uranium mines with DISA’s proprietary high-pressure slurry ablation (HPSA) technology and its remediation and recovery business.

Concurrent with the transaction, DISA Uranium closed a US$105 million private placement financing. Participants in the financing included Tembo Capital, BHP Ventures, Galvanize Climate Solutions, Valor Equity Partners, Evok Innovations, Halliburton Labs, and Veriten. IsoEnergy contributed US$33 million to this financing round.