IsoEnergy (TSX:ISO, NYSE:ISOU) will acquire Toro Energy (ASX:TOE) in an all-share deal, merging two uranium developers amid rising nuclear demand and uranium prices.
The transaction enhances IsoEnergy's portfolio by adding Toro's Wiluna project and provides Toro shareholders with exposure to IsoEnergy's growing uranium portfolio in Canada and the United States.
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Author's summary: IsoEnergy acquires Toro Energy, merging uranium developers.