IsoEnergy to Acquire Toro
IsoEnergy Ltd, a Canada-based company, has announced its plan to acquire Australian company Toro Energy.
The acquisition aims to create a development-ready platform with a diversified uranium resource base, spanning resources in Australia and North America.
- The deal is valued at approximately AUD75 million (CAD68.1 million, USD49 million).
- Completion is expected in the first half of 2026, pending satisfaction of all conditions and necessary approvals.
Following the merger, shares will continue to trade on the Toronto and New York stock markets, while Toro will be delisted from the Australian Securities Exchange.
No additional comments were provided.
Author's summary: IsoEnergy acquires Toro for AUD75 million.
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