04:19 AM EDT, 10/13/2025 (MT Newswires) -- IsoEnergy ( ISOU ) has agreed to acquire Toro Energy, which owns 100% of the scoping-level Wiluna Uranium Project in Australia, the companies said Sunday.

The deal, subject to shareholder, court, and regulatory approvals, is expected to close in the first half of 2026.

Under the deal, Toro shareholders will receive 0.036 IsoEnergy ( ISOU ) shares for each Toro share held.

After completion, IsoEnergy ( ISOU ) and Toro shareholders will own about 92.9% and 7.1% of outstanding IsoEnergy ( ISOU ) shares, respectively, the companies said.

Toro shareholder Mega Uranium, which owns 12.7% of Toro, has indicated its intention to vote in favor of the deal, the companies said.

Toro will be delisted from the Australian Securities Exchange post-transaction.