10:27 AM EDT, 06/24/2025 (MT Newswires) -- IsoEnergy ( ISOU ) on Tuesday closed its previously announced bought deal offering for proceeds of $51.2 million, including the partial exercise of the over-allotment option.

The company expects the proceeds to be used to fund the continued development and further exploration of its mineral properties, and for general corporate purposes.

NexGen Energy ( NXE ), an existing insider of IsoEnergy ( ISOU ), bought 1.2 million-common shares in the offering and is expected to own about 30.9% of the issued and outstanding common shares after giving effect to the offering.

Shares of the company were last seen down 0.4% at $9.60 on the Toronto Stock Exchange.

Price: 9.60, Change: -0.04, Percent Change: -0.41