Sachem Cove Announces Updated Holdings in Premier American Uranium Inc. and Filing of Early Warning Report

TORONTO, Nov. 10, 2026 /PRNewswire/ -- Sachem Cove Special Opportunities Fund, LP ("Sachem Cove") announces that it has disposed of beneficial ownership of common shares ("Shares") of Premier American Uranium Inc. ("PUR") pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues ("NI 62-103").

On November 9, 2026, Sachem Cove entered into an agreement with IsoEnergy Ltd. ("ISO") pursuant to which it agreed to sell (the "Transaction") 13,642,775 Shares to ISO in consideration for the issuance of 387,491 common shares of ISO ("ISO Shares"). The ISO Shares were issued at a deemed price of $11.763 per share, representing aggregate consideration of $4,558,056.63. Closing of the Transaction is subject to the satisfaction of certain customary closing conditions, including the approval of the Toronto Stock Exchange with respect to the issuance of the ISO Shares.

Pursuant to the Transaction, Sachem Cove is deemed to have will result in a decrease of Sachem Cove's ownership position of approximately 5.38% of the 95,563,799 outstanding Shares (as of the date hereof) on a non-diluted basis and approximately 5.38% of the 95,830,466 outstanding Shares (as of the date hereof) on a partially-diluted basis assuming exercise of all of the warrants held by Sachem Cove. 

Prior to the completion Transaction, Sachem Cove owned 13,642,775 Shares and warrants to acquire an aggregate of 266,667 Shares ("Warrants"), representing approximately 14.62% of the 95,641,576 outstanding Shares (as of the date hereof) and 14.50% of the 95,908,243 outstanding Shares (as of the date hereof) on a partially-diluted basis assuming exercise of all of the Warrants held by Sachem Cove.

Assuming completion of the Transaction, Sachem Cove is deemed to own nil Shares and warrants to acquire an aggregate of 266,667 Shares, representing approximately 0% of the 95,641,576 outstanding Shares (as of the date hereof) 0% on a non-diluted basis and approximately 0.27% of the 95,908,243 outstanding Shares (as of the date hereof) on a partially-diluted basis assuming exercise of all of the Warrants held by Sachem Cove. Completion of the Transaction will result in Sachem Cove's beneficial ownership of the Shares decreasing to less than 10% of the issued and outstanding Shares.

The securities of PUR held by Sachem Cove are held for investment purposes. Although Sachem Cove has no current plans with respect to the securities, depending on market conditions, general economic and industry conditions, trading prices of PUR's securities, PUR's business, financial condition and prospects and/or other relevant factors, Sachem Cove may develop such plans or intentions in the future and, at such time, may from time to time acquire additional securities, dispose of some or all of the existing or additional securities or may continue to hold securities of PUR.

This news release is issued pursuant to NI 62-103, which also requires an early warning report to be filed with the applicable securities regulators containing additional information with respect to the foregoing matters. A copy of the early warning report of Sachem Cove will be available under PUR's profile on SEDAR+ at www.sedarplus.ca.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

SOURCE Sachem Cove Special Opportunities Fund, LP