The appointment of Richard Homsany as executive chairman at West Perth-based uranium hopeful Toro Energy ties up leadership changes at the company with chairman John Cahill resigning today just a month after managing director Vanessa Guthrie.
Toro Energy has received approval from the Foreign Investment Review Board for its $37 million acquisition of the Lake Maitland uranium project in central Western Australia.
Western Australia's pipeline of significant non-iron ore projects is showing signs of a quick slowdown as construction of major projects is due to be completed by the end of next year.
Canada's Mega Uranium and Perth-based Navigator Resources have started talks over the possible sharing of infrastructure for their uranium and gold operations, respectively, in the Goldfields region.
Mega Uranium has finalised a deal to sell a 35 per cent stake in its Lake Maitland uranium project in Western Australia to three Japanese electricity utilities and Japanese trading house ITOCHU Corporation for US$49 million.
West Perth-based uranium explorer Scimitar Resources Ltd has completed a capital raising of $5.1 million, with Canadian company Mega Uranium Ltd subscribing for 2.25 million of the 6 million shares offered.
Canadian uranium giant Mega Uranium Ltd will take a 5 per cent stake in West Perth-based uranium explorer Scimitar Resources Ltd, after the company raised $5.1 million through a placement with a number of investors.
The takeover offer for Nedlands-based uranium group Redport Ltd by Canada's Mega Uranium Ltd has been extended to October 31, after the Canadian company acquired a 64 per cent shareholding.
Nedlands-based uranium company Redport Ltd has confirmed its support for a takeover bid by Canadian firm Mega Uranium Ltd, which values the company at $88 million.
