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Toro Energy ( (AU:TOE) ) has provided an update.
Toro Energy has announced that IsoEnergy has received written confirmation from the Australian Commonwealth Government under the Foreign Acquisitions and Takeovers Act that it has no objection to IsoEnergy’s proposed acquisition of all Toro shares it does not already own via a scheme of arrangement. Satisfaction of this Foreign Investment Review Board-related condition marks a key regulatory milestone for the transaction, which still requires Toro shareholder approval and court sign-off, maintaining momentum toward potential consolidation that could reshape Toro’s ownership structure and strategic positioning in the uranium sector.
More about Toro Energy
Toro Energy Limited is an ASX-listed uranium development and exploration company with projects in Western Australia, where its tenements are also prospective for gold and base metals. The company is focused on building an energy metals business centred on its flagship Wiluna Uranium Project in Western Australia’s northern goldfields, which includes the Centipede-Millipede, Lake Maitland and Lake Way uranium deposits near the town of Wiluna.
Average Trading Volume: 581,818
Technical Sentiment Signal: Hold
Current Market Cap: A$51.12M
For an in-depth examination of TOE stock, go to TipRanks’ Overview page.