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Toro Energy ( (AU:TOE) ) has provided an update.
Toro Energy Ltd reported on its quarterly activities, highlighting progress on the Wiluna Uranium Project. Key developments include the integration of the re-estimated Lake Maitland vanadium resource into the uranium resource model to prepare for a new scoping study update, which could potentially increase production. The company is also focusing on long-term uranium production feasibility in response to improving market conditions. Despite missing a substantial commencement date in the state environmental approval, Toro is confident in its ability to secure an extension and believes further study results could enhance project viability.
More about Toro Energy
Toro Energy Ltd is a company in the uranium industry, primarily focusing on uranium exploration and development. Their main project is the Wiluna Uranium Project, located in Western Australia, which includes significant uranium and vanadium deposits.
YTD Price Performance: -28.33%
Average Trading Volume: 2,239
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $15.32M
For detailed information about TOE stock, go to TipRanks’ Stock Analysis page.