Toro Energy Receives $75m Takeover Bid from Canadian Uranium Miner IsoEnergy
Canadian company IsoEnergy is looking to strengthen its top-tier uranium portfolio in a rising market with a $75 million bid for Australia’s Toro Energy.
The proposed takeover will add Toro’s high-quality, scoping-stage project — comprising the Centipede-Millipede, Lake Way and Lake Maitland deposits — to IsoEnergy’s asset line-up.
- Past-producing US mines
- The ultra-high-grade Hurricane deposit in Canada’s Athabasca Basin
IsoEnergy currently holds 6 million Toro shares (or 4% of the company).
No comment from the companies on the potential impact of the takeover on the uranium market.
Author's summary: IsoEnergy bids $75m for Toro Energy.