IsoEnergy to Acquire Toro
IsoEnergy Ltd, a Canada-based company, has announced its intention 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.
- Deal worth: AUD75 million (CAD68.1 million, USD49 million)
- Expected closure: first half of 2026, subject to necessary approvals
Following the merger, shares will continue trading on the Toronto and New York stock markets, while Toro will be removed from the Australian Securities Exchange.
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Author's summary: IsoEnergy acquires Toro, creating a diversified uranium company.