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 in Australia and North America.
- Deal worth: around AUD75 million (CAD68.1 million, USD49 million)
- Expected closure: first half of 2026, subject to necessary approvals
Shares in the merged company will continue trading on the Toronto and New York stock markets, while Toro will be removed from the Australian Securities Exchange.
No specific statement from the companies.
Author's summary: IsoEnergy acquires Toro for AUD75 million.
Note: Since there are no direct quotes in the text, the blockquote section is left with a note indicating the absence of a specific statement from the companies.