Toro to spin out secondary projects to focus on uranium

Toro Energy is going all in on uranium Credit: File Toro Energy has revealed proposals to spin out its portfolio of non-core nickel, gold, and base metal assets in Western Australia to focus solely on uranium.

Projects flagged for the spin out into a brand new IPO include Toro’s wholly owned Dusty Nickel project, 50km east of the town of Wiluna and the Yandal gold and base metals project.

Toro says the proposed demerger follows a detailed review of its asset base and the results returned from its Lake Maitland uranium deposit scoping study.

Lake Maitland is part of the company’s flagship Wiluna uranium project in Western Australia. Impressive metrics from the scoping study define a stand-alone project with a pre-tax net present value of $610 million and an internal rate of return of 41 per cent, based on a triuranium octoxide (U3O8) price of $70 per pound. TheNightly Get in front […]

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