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.
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 necessary approvals.
Following the merger, shares will continue to trade on the Toronto and New York stock markets, while Toro will be removed from the Australian Securities Exchange.
No additional comments were provided.
Author's summary: IsoEnergy acquires Toro Energy.
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