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IsoEnergy Ltd. and DISA Technologies, Inc. completed their transaction to establish DISA Uranium Corporation on August 19, 2026. Under the definitive agreement, IsoEnergy contributed its portfolio of permitted, past-producing uranium assets in Utah, consisting of the Tony M Mine, Daneros Mine, Rim Mine, Sage Plain Project and Flatiron Project, in exchange for 1,677,350 common shares of DISA Uranium. DISA Uranium combined those assets with DISA’s proprietary high-pressure slurry ablation technology and its uranium remediation and recovery business.
Concurrently with completion of the transaction, DISA Uranium closed its previously announced US$105 million private placement financing. Participants included Tembo Capital, BHP Ventures, Galvanize Climate Solutions, Valor Equity Partners, Evok Innovations, Halliburton Labs and Veriten. IsoEnergy invested US$33 million in the financing and, following both closings, held approximately 33 percent of DISA Uranium on a fully diluted basis, making it the company’s largest shareholder. The financing announcement indicated an implied pro forma fully diluted equity value of approximately US$505 million.
The resulting company is headquartered in Casper, Wyoming and intends to pursue uranium recovery from abandoned mine waste, restart conventional uranium production and develop domestic processing capacity. The Tony M Mine is expected to be a near-term operational priority. Cassels Brock & Blackwell and Parr Brown Gee & Loveless represented IsoEnergy, while Wilson Sonsini Goodrich & Rosati represented DISA.
Parties
Company
IsoEnergy Ltd.
Company
DISA Technologies, Inc.
Company
DISA Uranium Corporation
Company
Tembo Capital, BHP Ventures, Galvanize Climate Solutions, Valor Equity Partners, Evok Innovations, Halliburton Labs and Veriten
Deal Type
OtherIndustry
MiningTransaction
Undisclosed/ConfidentialDeal Status
ClosedClosing Date
19 August 2026