A$75M Deal: IsoEnergy to Acquire Toro, Adding Wiluna Uranium Project and 55.2 Mlbs U3O8 Resources

Uranium players agree to $75 million deal

The owner of the stalled Wiluna uranium project in the northern Goldfields has agreed to a $75 million deal that will see it become part of New York Stock Exchange-listed IsoEnergy.

IsoEnergy to Acquire Toro Energy for $75M

IsoEnergy, a Canadian uranium company, has announced a definitive agreement to acquire all outstanding shares of Toro Energy in a deal valued at $75 million. Toro Energy shareholders will receive 0.036 of an IsoEnergy common share for each Toro share held. The transaction is structured as a scheme implementation agreement. IsoEnergy focuses on the exploration and development of uranium projects. The offer represents a substantial premium for Tor…

A$75M deal: IsoEnergy to acquire Toro, adding Wiluna Uranium Project and 55.2 Mlbs U3O8 resources

IsoEnergy will acquire Toro by scheme for ~A$75.0M (C$68.1M); Toro shareholders receive 0.036 ISO share per Toro share. Pro forma resources: 55.2 Mlbs U3O8 M&I; subject to approvals.