IsoEnergy Ltd.
For the period ended Nov 4, 2026. Filed Nov 5, 2026.
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Nov 4, 2026 · Filed Nov 5, 2026
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Contents
EX-99.1 · Flow-through funding commitments
Flow-through funding commitments
The Company has raised funds through the issuance of flow-through shares. Based on Canadian tax law, the Company is required to spend this amount on eligible exploration expenditures by December 31 of the year following the year in which the shares were issued.
The premium received for a flow-through share, which is the price received for the share in excess of the market price of the share, is recorded as a flow-through share premium liability. This liability is subsequently reduced when the required exploration expenditures are made, on a pro rata basis, and accordingly, a recovery of flow-through premium is then recorded as a reduction in the deferred tax expense to the extent that deferred income tax assets are available.
The Company issued flow-through shares on February 9, 2024 for gross proceeds of $23,000,000 and subsequently incurred $23,000,000 in eligible exploration expenditures in the period up to December 31, 2025, fulfilling the Company’s obligation to spend the funds raised on eligible exploration expenditures. As the commitment is fully satisfied, the remaining balance of the flow-through share premium liability was derecognized in 2025.
The Company issued flow-through shares on February 28, 2025 for gross proceeds of $20,007,375 and has incurred $19,893,245 in eligible exploration expenditures up to September 30, 2026. As of September 30, 2026, the Company is obligated to spend $114,130 on eligible exploration expenditures by December 31, 2026.
The flow-through share premium liability is comprised of:
| September 30, 2026 | December 31, 2025 | |
|---|---|---|
| Balance, opening | $4,695,312 | $1,355,210 |
| Liability incurred on flow-through shares issued | - | 8,002,950 |
| Settlement of flow-through share liabilities on expenditures | (4,649,659) | (4,662,848) |
| Balance, closing | $45,653 | $4,695,312 |
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