IsoEnergy to Acquire Toro
Canada-based IsoEnergy Ltd has announced its intention to acquire Australian company Toro Energy, creating a development-ready platform with a diversified uranium resource base in Australia and North America.
The deal is valued at approximately AUD75 million (CAD68.1 million, USD49 million) and is expected to close in the first half of 2026, subject to satisfaction of all conditions, including receipt of all necessary approvals.
- Shares in the merged company will continue trading on the Toronto and New York stock markets.
- Toro will be removed from the official list of the Australian Securities Exchange.
Author's summary: IsoEnergy acquires Toro for AUD75 million.
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