11:51 AM EDT, 07/23/2025 (MT Newswires) -- (Adds comment and updates shares.)

IsoEnergy ( ISOU ) and Purepoint Uranium Group ( PTUUF ) on Wednesday reported the latest drilling results that extended high-grade mineralization at their Dorado uranium joint venture project in Saskatchewan.

The most recent drill hole, PG25-07A, stepped out about 70 meters northeast of the Nova Discovery returned an average of 11,100 counts per second (CPS) across a much wider interval of 14.0 meters, including a peak reading of 110,800 CPS.

"The recent Nova Discovery results underscore just how much potential remains at Dorado," said Chris Frostad, Purepoint's chief executive. "PG25-07A has successfully extended the Nova Discovery zone by 70 meters and delivered our strongest intercept to date, both in intensity and thickness based on radioactivity."

Philip Williams, chief executive of IsoEnergy ( ISOU ), echoed Frostad's statements.

"While we have had to pause advancement in this direction due to ground conditions, we are eager to return this winter to continue following what we believe is shaping up to be an exciting discovery," Williams said.

National Bank of Canada maintained its outperform rating and $17 price target on IsoEnergy ( ISOU ) shares following the release.

The bank noted that the larger the scale of the deposit, the better the overall value and IRR generated, thus supporting a potential future partnership or takeout.

IsoEnergy ( ISOU ) shares were last seen up $0.03 to $9.75 on the Toronto Stock Exchange.

Price: 9.78, Change: +0.06, Percent Change: +0.62