- **IsoEnergy Ltd. (ISOU) has entered into a scheme implementation deed to acquire Toro Energy Ltd. (TOE)**, aiming to strengthen its uranium portfolio by adding Toro's Wiluna Uranium Project in Western Australia.  **[1997377_0001104659-25-099144_tm2528526d1_ex99-1.htm:0]** **[1997377_0001104659-25-099144_tm2528526d1_ex99-1.htm:0]** 
- Under the terms of the transaction, Toro shareholders will receive **0.036 of an IsoEnergy common share** for each Toro Share, implying a consideration of **A$0.584 per Toro Share**.  **[1997377_0001104659-25-099144_tm2528526d1_ex99-1.htm:0]** **[1997377_0001104659-25-099144_tm2528526d1_ex99-1.htm:0]** 
- This consideration represents a **79.7% premium** to Toro's last traded price on the ASX and a **92.2% premium** to Toro's 20-day volume weighted average price as of October 10, 2025.  **[1997377_0001104659-25-099144_tm2528526d1_ex99-1.htm:0]** **[1997377_0001104659-25-099144_tm2528526d1_ex99-1.htm:0]** 
- The implied fully-diluted in-the-money equity value of the transaction is approximately **A$75.0 million (C$68.1 million)**.  **[1997377_0001104659-25-099144_tm2528526d1_ex99-1.htm:0]** **[1997377_0001104659-25-099144_tm2528526d1_ex99-1.htm:0]** 
- Upon implementation, existing IsoEnergy and Toro shareholders will own approximately **92.9% and 7.1%**, respectively, of the outstanding ISO Shares on a fully-diluted in-the-money basis.  **[1997377_0001104659-25-099144_tm2528526d1_ex99-1.htm:0]** **[1997377_0001104659-25-099144_tm2528526d1_ex99-1.htm:0]**

IsoEnergy to Acquire Toro Energy

- **IsoEnergy Ltd.** has entered into a scheme implementation deed to acquire all outstanding ordinary shares of **Toro Energy Ltd.**.  **[1997377_20251012VA95866:0]** 
- Under the terms of the transaction, Toro shareholders will receive **0.036** of an IsoEnergy common share for each Toro Share held.  **[1997377_20251012VA95866:0]** 
- This exchange ratio implies consideration of **A$0.584** per Toro Share, representing a **79.7% premium** to Toro's last traded price on the ASX on October 10, 2025.  **[1997377_20251012VA95866:0]**  The implied fully-diluted in-the-money equity value of the Transaction is approximately **A$75.0 million (C$68.1 million)**.  **[1997377_20251012VA95866:0]** 
- The acquisition is expected to strengthen IsoEnergy's development pipeline by adding Toro's Wiluna Uranium Project, creating a more diversified portfolio of high-quality uranium exploration, development, and near-term production assets.  **[1997377_20251012VA95866:0]** 
- The transaction is expected to close in the **first half of 2026**, following a shareholder meeting anticipated in early 2026.  **[1997377_20251012VA95866:5]**

- **IsoEnergy Ltd.** and Purepoint Uranium Group Inc. announced partial assay results from the summer drill program at their 50/50 joint venture Dorado Project.  **[1997377_0001279569-25-001013_ex991.htm:1]** 
- Drill hole PG25-07A at the Nova discovery zone returned **0.4 metres at 8.1% U₃O₈** within **2.1 metres grading 1.6% U₃O₈**, along with an additional **4.9 metres at 0.52% U₃O₈**.  **[1997377_0001279569-25-001013_ex991.htm:1]** 
- The summer drill program completed **5,030 metres across 11 holes** but was curtailed by wildfires; full assay results are still pending.  **[1997377_0001279569-25-001013_ex991.htm:1]** 
- Follow-up drilling programs are scheduled for early **2026** to further explore the Nova discovery and other priority targets.  **[1997377_0001279569-25-001013_ex991.htm:1]**

IsoEnergy and Purepoint Report High-Grade Uranium Assays at Dorado Project

- IsoEnergy Ltd. and Purepoint Uranium Group Inc. announced partial assay results from their Dorado Project, with drill hole PG25-07A intersecting **2.1 metres grading 1.6% U₃O₈**, including **0.4 metres at 8.1% U₃O₈**, at the Nova discovery zone.  **[1997377_20250918VA76728:0]** 
- These results represent the **most significant assay intervals reported to date** from the Nova discovery zone.  **[1997377_20250918VA76728:0]** 
- The summer drill program completed **5,030 metres across 11 holes** but was curtailed due to wildfires, leading to the deferral of drilling at the Celeste project.  **[1997377_20250918VA76728:0]** 
- Follow-up programs for the Dorado Project are scheduled for **early 2026**.  **[1997377_20250918VA76728:0]**

IsoEnergy and Purepoint announce high-grade uranium assay results from Dorado Project

- **IsoEnergy Ltd.** has launched its **2025 U.S. exploration program** in southeast Utah, aimed at advancing its uranium projects.  **[1997377_20250917VA75600:0]** 
- The program will commence with **ten surface rotary holes with core tails, totaling 15,000 feet**, on the **Flatiron claims** in the Henry Mountains uranium district.  **[1997377_20250917VA75600:0]** 
- The Flatiron project, encompassing **8,800 total acres**, is strategically located in a historically productive district that has yielded approximately **1.4 million lbs of U3O8** to date.  **[1997377_20250917VA75600:0]** **[1997377_20250917VA75600:1]** 
- This initial drilling at Flatiron is designed to follow up on historical exploration conducted by Plateau Resources in the early 1980s.  **[1997377_20250917VA75600:0]** **[1997377_20250917VA75600:1]** 
- IsoEnergy will also continue fieldwork at its Daneros and Sage Plain projects and aims to play a meaningful role as a domestic uranium supplier, with past-producing mines in Utah on standby for rapid restart.  **[1997377_20250917VA75600:0]** **[1997377_20250917VA75600:1]** **[1997377_20250917VA75600:2]**

IsoEnergy (ISOU)