IsoEnergy to Acquire Toro
IsoEnergy Ltd, a Canada-based company, has announced its intention to acquire Australian company Toro Energy, creating a diversified uranium company.
The deal, valued at approximately AUD75 million (CAD68.1 million, USD49 million), is expected to close in the first half of 2026, subject to regulatory approvals.
- Resources in Australia and North America will be combined.
- The merged company will continue trading on the Toronto and New York stock markets.
- Toro will be removed from the Australian Securities Exchange.
Author's summary: IsoEnergy acquires Toro Energy.