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[SITUATION] · [QUIET] · [BUSINESS]
2 clusters · 3 sources · 14 days · First seen · Last updated
IsoEnergy and DISA Technologies uranium venture
Overview
IsoEnergy Ltd. has entered into a definitive agreement with DISA Technologies to establish DISA Uranium Corporation, a technology-enabled U.S. uranium company. The partnership aims to bolster domestic uranium supplies to meet increasing demand for secure nuclear fuel.
Under the terms of the deal, IsoEnergy contributed its Utah-based project portfolio—comprising the Tony M, Daneros, Rim, Sage Plain, and Flatiron projects—to the new entity. In exchange, IsoEnergy received approximately 1.68 million shares of common stock, establishing it as the largest shareholder with a roughly 33% stake on a fully diluted basis.
The new corporation intends to combine IsoEnergy’s permitted and past-producing conventional mines with DISA’s proprietary high-pressure slurry ablation (HPSA) technology. To support these operations, DISA Uranium closed a US$105 million private placement financing involving several participants, including Tembo Capital, BHP Ventures, and Halliburton Labs, with IsoEnergy contributing US$33 million to the round.
Entities
DISA Technologies · BHP Ventures · Wiluna project · IsoEnergy · DISA Uranium
Timeline
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24 days ago
[BUSINESS] 3 sourcesIsoEnergy and DISA Technologies form DISA UraniumIsoEnergy and DISA Technologies have formed DISA Uranium, a U.S. company combining Utah uranium assets with proprietary HPSA technology to bolster domestic nuclear fuel supplies.
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about 1 month ago
[BUSINESS] 4 sourcesIsoEnergy secures 33% of new US uranium venture while expanding Canadian and Australian projectsIsoEnergy agreed with DISA Technologies to form DISA Uranium Corp., gaining ~33% of a new US uranium platform, while its Canadian Hurricane project and Australian Wiluna development form its three growth pivots
Sources
aijourn.com · mining.com.au · mugglehead.com