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.
- IsoEnergy’s asset line-up includes past-producing US mines and 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 outcome of the takeover bid.
Author's summary: IsoEnergy bids $75m for Toro Energy.
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