03:21 PM EDT, 09/05/2025 (MT Newswires) -- Purepoint Uranium ( PTUUF ) was edging lower late Friday afternoon after closing the final tranche of its previously announced private placement offering for $6 million, that strengthens its alignment with IsoEnergy ( ISOU ) and reinforces a shared commitment to long-term uranium discovery in the Athabasca Basin.

A statement noted the final tranche of the placment comprised of near 5.8-million Saskatchewan charity flow through units at $0.65 apiece for $3.75 million, and near 3-million National charity flow through units at $0.59 apiece for $1.8 million.

"This final tranche not only completes our raise but strengthens our alignment with IsoEnergy ( ISOU ) and reinforces our shared commitment to long-term uranium discovery in the Basin," said Purepoint Chief Executive Chris Frostad. "With exploration now underway across several properties, this financing ensures we can move into the fall and winter seasons with both momentum and flexibility."

Friday's statement noted each flow-through unit consists of one common share and one common share purchase warrant. Each Warrant entitles its holder to purchase one common share in the capital of the company at an exercise price of $0.50 per share for a period of 24 months from the date of issue. Together with the first tranche of the private placement that closed on August 29, 2025, the Ccmpany has issued a total of 772,946 traditional flow through units, 5,768,824 SK Flow Through Units and 3,041,295 NT Flow Through Units for aggregate gross proceeds of $6,000,137.79.

In connection with the private placement, IsoEnergy ( ISOU ) acquired 2.5-million SK flow through units.

Following completion of the private placement, IsoEnergy ( ISOU ) owns an aggregate of 9,864,980 common shares and 5,864,980 warrants, representing near 12.57% of Purepoint's issued and outstanding common shares on a non-diluted basis, and near 18.65% of Purepoint's issued and outstanding common shares on a partially diluted basis, assuming full exercise of the warrants held by IsoEnergy ( ISOU ).

Shares of the company were down $0.005 at $0.45 on the TSX Venture Exchange

Price: 0.45, Change: -0.01, Percent Change: -1.10