05:11 PM EDT, 06/16/2025 (MT Newswires) -- IsoEnergy ( ISOU ) was seen down 5.7% in after-hours New York trading Monday as it agreed to raise $50-million in a bought-deal offering of five-million shares priced at $10.00 each.

The company also agreed to grant the underwriters an over-allotment option to purchase up to an additional 750,000 shares at the offering price, raising up to an additional $7.5 million.

The company said proceeds from the offering are expected to be used to fund the continued development and further exploration of mineral properties, and for general corporate purposes.

The offering is scheduled to close on or about June 24.

ISO shares were last seen down US$0.56 to US$7.61 after hours. They closed up $0.70 to $10.85 on the Toronto Stock Exchange.