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IsoEnergy to Acquire Toro Energy, Strengthening a Top-Tier Uranium Portfolio in a Rising Market

Newswire.ca - Sun Oct 12, 2025

TORONTO, Oct. 12, 2025 /CNW/ - PERTH, Australia - Oct. 13, 2025 - IsoEnergy Ltd. ("IsoEnergy") (NYSE American: ISOU) (TSX: ISO) and Toro Energy Ltd. ("Toro") (ASX: TOE) are pleased to announce that they have entered into a scheme implementation deed (the "SID") pursuant to which, among other things, IsoEnergy has agreed to acquire all of the issued and outstanding ordinary shares of Toro (the "Toro Shares")1 by way of a scheme of arrangement under Australia's Corporations Act 2001 (Cth) (the "Transaction" or the "Scheme"), subject to the satisfaction of various conditions. Toro owns 100% of the Wiluna Uranium Project, located 30km south of the town of Wiluna in the northern goldfields of Western Australia ("Wiluna Uranium Project").

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