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M&A / Property Routine +

IsoEnergy Completes Acquisition of Toro Energy

By The Northwire Desk — AI Analysis Jun 25, 2026 · 07:00 ISO · 14.55 IsoEnergy Ltd.
ISO · Price

IsoEnergy Ltd. (ISO) has completed its acquisition of Toro Energy Limited through a scheme of arrangement under Australian corporate law. The transaction, which was approved by Toro shareholders on June 9, 2026, and by the Federal Court of Australia on June 15, 2026, became effective on June 16, 2026.

Under the terms of the deal, eligible participating Toro shareholders received 0.036 common shares of IsoEnergy for each Toro share held on the Scheme record date. This exchange resulted in the issuance of approximately 4,359,568 ISO shares to former eligible Toro shareholders. Toro shares were suspended from trading on the Australian Securities Exchange (ASX) at the close of June 16, 2026, and are expected to be removed from the official ASX list on or about June 26, 2026.

The acquisition strategically expands IsoEnergy's uranium development pipeline by adding the Wiluna Uranium Project to its portfolio. This addition diversifies the company's assets alongside its flagship Hurricane project in the Athabasca Basin. The transaction references prior news releases dated October 12, 2025, and June 10, 2026.

Philip Williams, CEO & Director, stated: "The completion of the Toro acquisition marks another important step in advancing IsoEnergy's strategy to build a globally diversified, development-ready uranium platform. The addition of the Wiluna Uranium Project expands and diversifies our development pipeline, complementing our flagship Hurricane project in the Athabasca Basin. With growing support for nuclear energy and increasingly constructive policy and market conditions for uranium development in Australia, we believe this Transaction positions IsoEnergy to benefit from multiple avenues of future growth. We are pleased to welcome Toro shareholders to IsoEnergy and look forward to advancing the combined portfolio."

Read the original news release →

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