IsoEnergy Ltd. reported Q1 2026 financial results with a net loss of $1.5 million, cash position of $130.5 million after $82.5 million financing, and $7.2 million in exploration spending primarily at Larocque East.
Key takeaways
Net loss of $1.5 million or $0.03 per share for three months ended March 31, 2026 versus income of $5.1 million or $0.11 per share in Q1 2025.
Cash and equivalents increased to $130.5 million from $62.9 million at year-end, bolstered by $82.5 million from equity financings.
Exploration spending totaled $7.2 million, mainly on Larocque East drilling of 6,804 meters in 17 holes intersecting mineralization.
Issued 5.5 million shares in January 2026 financings at $15.00 per share for $82.5 million gross proceeds.
Completed Tony M bulk sample mining; results under evaluation for future production planning.
Launched $50 million ATM program in April 2026 for common share distributions.