Northern Minerals has signed a joint venture agreement with Toro Energy to earn up to an 80 per cent interest in all minerals other than uranium produced at Toro's Browns Range tenements in the Nor
Toro Energy has entered an agreement to purchase additional uranium tenements adjacent to its Wiluna uranium project from Russian mining giant Norilsk Nickel for $4.5 million cash and a conditional royalty.
Uranium junior Toro Energy has commenced offtake discussions with potential customers for uranium from its Wiluna uranium project planned to start production in 2013.
Toro Energy has decided not to exercise an option to acquire Deep Yellow's Napperby uranium project in the Northern Territory, saying the $57 million price tag is too high.
The state's environment minister has dismissed the only appeal against the environmental assessment of Toro Energy's Wiluna uranium project, laying the foundation of how the project will be judged for approval.
Toro Energy could potentially expand the uranium footprint at its Wiluna project in Western Australia after it acquired two nearby uranium tenements from Liberty Resources for $1 million.
Adelaide-based Toro Energy has raised $40 million to advance its Wiluna uranium project in Western Australia, with first production anticipated in 2012.
Toro Energy is set to expand its uranium footprint in Western Australia, entering a joint venture deal with Canadian company Cameco over the Birrindudu project.
A further study to enhance the economics of Toro Energy's Wiluna uranium project in Western Australia has shaved 17 per cent off the capital cost to $162 million.
Adelaide-based Toro Energy has put itself into the running to develop the state's first uranium mine, saying its Wiluna project could start production as early as 2012.
Uranium company Toro Energy says it has started discussions with the Western Australian government regarding approvals for the Wiluna project, as its major shareholder injects $12 million into the company.
A renewed vigour over uranium prospects in Western Australia has prompted Adelaide-based Toro Energy Ltd to launch a $26 million capital raising, with nearly half of the funds underwritten by major shareholder Oz Minerals Ltd.
South Australian uranium company Toro Energy Ltd has declared its $275 million takeover offer for Perth-based Nova Energy Ltd unconditional after receiving acceptances to more than 81.4 per cent today.
Subiaco-based uranium explorer Deep Yellow Ltd will offload its Napperby uranium project in the Northern Territory to South Australian uranium hopeful Toro Energy Ltd for around $2.3 million and a share issue, the company announced today.
