IsoEnergy’s merger with Toro Energy adds the fully owned Wiluna uranium project in Western Australia to its portfolio, expanding its global footprint and resource base. The combined company will hold an estimated 55.2 million pounds of measured and indicated uranium resources, along with 4.9 million pounds inferred.

IsoEnergy CEO Philip Williams said the acquisition enhances the company’s position with a large, permitted project in a top uranium-producing region amid surging global nuclear demand. Toro shareholders will own about 7.1% of the new entity and gain exposure to IsoEnergy’s assets in Canada and the U.S., including the high-grade Hurricane deposit and Utah-based mines. 

The merger arrives as uranium markets strengthen, with global demand projected to rise roughly 30% by 2030 and double by 2040. 

Finsum: This merger could be a good opportunity for those looking to invest in nuclear energy or uranium.