| Account | Shares | Price | Value | % of acct | Cost/sh | Gain $ | Gain % | Target |
|---|---|---|---|---|---|---|---|---|
| 401K | 1,701 | $11.17 | $19,000 | 0.78% | $11.22 | $-89 | -0.5% | — |
In short: Cited only as the pedigree of Cosa's team — several "were at ISO when they made the Hurricane discovery." No view on IsoEnergy itself.
12:19So that Russell package together with wheeler has great potential. And then from our non-core properties we've invested in two different companies. won KOSA resources, a number of exenison folks at KOSA and they've had some good success. They were also number of the folks that were at ISO when they made the hurricane discovery.
In short: "A country that needs domestic pounds but struggles to permit new mines is precisely the opening IsoEnergy is playing." The August 4 definitive agreement with DISA Technologies vends its permitted, past-producing Utah mines (Tony M, Daneros, Rim) into DISA Uranium Corporation for ~33% — the largest shareholder — plus a US$33M investment in a concurrent US$105M financing at a ~US$505M implied value. "The deal lets IsoEnergy unlock value from its US assets while keeping its high grade Hurricane deposit in the Athabasca Basin untouched and it hands shareholders meaningful exposure to the rebuild of the American fuel supply chain." Watch the close this month and progress at Tony M.
IsoEnergy owns two very different kinds of asset. In Canada it holds Hurricane, an extraordinarily high-grade deposit in Saskatchewan's Athabasca Basin — the crown jewel, and the reason most people own the stock. In the US it holds a set of old Utah mines (Tony M, Daneros, Rim) that already produced uranium once and, crucially, still carry their permits. Those Utah assets have been sitting there doing nothing, because restarting a small conventional mine into an $86 uranium price is marginal on its own.
The August 4 deal solves that. IsoEnergy vends the Utah portfolio into a new company, DISA Uranium Corporation, in exchange for roughly a third of it — the largest single stake — and puts in another US$33M alongside outside investors in a US$105M raise that values the new entity around US$505M. So instead of a dormant line item, IsoEnergy now holds a third of a funded US uranium platform, and it did not have to sell or dilute Hurricane to get it.
Why this specific deal matters is the wider point of the episode. America burns about 50 million pounds of uranium a year and mines about one million, and the New Mexico story earlier in the show is a reminder that getting a new US mine permitted is getting harder, not easier. In that world, an asset whose permits already exist is worth more than the ore in it. Frostad's phrasing: the deal "hands shareholders meaningful exposure to the rebuild of the American fuel supply chain." The near-term checkpoints he names are the transaction closing this month and actual operating progress at Tony M.
7:30That gap between the United States needs and what it can build is exactly where this week's final story begins. — That tension, a country that needs domestic pounds but struggles to permit new mines is precisely the opening IsoEnergy is playing. On August 4th, the company announced a definitive agreement with DISA Technologies to create DISA Uranium Corporation, a new US platform combining IsoEnergy's permitted past producing Utah mines including Tony M, Daneros, and Rim with DISA's patented high pressure slurry
In short: 10% Focus List weighting. The Toro Energy acquisition closed June 25, adding the previously-permitted Wiluna project in Western Australia (112.7M lbs across all Toro deposits) alongside the ultra-high-grade Hurricane deposit (48.6M lbs at 34.5% U3O8 indicated) and Coles Hill in Virginia — "further torque to higher uranium prices". An 8,000m / 20-hole summer program on the Hurricane South Trend began June 11 and was paused ~1 week for wildfires. Well financed (C$130.5M cash + C$52M securities); "a very accretive 'rollup' candidate in an industry that is likely to see further M&A." Shares −13.9% to C$14.14; Canaccord raised its target to C$24.
IsoEnergy's crown jewel is Hurricane — 48.6 million pounds grading 34.5% uranium, a grade so extreme it is roughly a hundred times what most uranium mines dig. But the company's strategy is broader than one deposit: it is assembling a geographically spread portfolio of development-ready uranium assets so that a rising uranium price has several ways to pay off.
June's move was completing the takeover of Australia's Toro Energy, adding the Wiluna project (112.7 million pounds across Toro's deposits). The bet there is regulatory, not geological: Western Australia has banned new uranium mining approvals since 2017, but four projects were permitted before the ban — and Wiluna was one of them. IsoEnergy is wagering that a previously-approved project has a better shot at reviving its permits than starting from zero, in a policy climate that is warming toward uranium.
Meanwhile an 8,000-metre drill program at Hurricane South started in June (briefly paused about a week for Saskatchewan wildfires), following winter holes that hit 4.21% uranium over 3.5 metres. The company is well funded — C$130.5M cash plus C$52M of securities — and Huhn's structural view is that IsoEnergy is "a very accretive rollup candidate" as consolidation sweeps the sector, i.e. a company that gets bought or does the buying. Canaccord's analyst lifted her one-year target to C$24 against a C$14.14 June close.
Full passage: premium transcript (PDF).
In short: Found the Basin's latest discovery, Hurricane: a little under 50M lb at a 45% average grade — "a bit of a freak show." Purepoint's 50/50 partner in the ~100,000 ha district beside it.
IsoEnergy made the Basin's most recent discovery, Hurricane: just under 50 million pounds at an average grade of 45% — meaning nearly half of each tonne of ore is uranium, when most of the world mines at about half of one percent. Higher grade means far less rock to dig and process for the same uranium. IsoEnergy is also Purepoint's 50/50 partner in a big land package right beside Hurricane.
10:07about 2 billion pounds of uranium. 40 deposits and they're not getting smaller. They're actually going the other way. The last one that was identified was by a company called IsoEnergy and they found what's called the Hurricane deposit and it's a little less than 50 million pounds, but its average ore grade is 45%.
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