Toro Energy Prepares for Spike in Uranium Demand

SMH reported Toro Energy (ASX:TOE) says an expected surge in uranium demand may signal a turnaround in the industry.

As quoted in the market news:

The renewed optimism comes as Toro’s Wiluna project in the Northern Goldfields of Western Australia progresses through the final phase of government approvals, according to the company’s March quarter report.

Toro has also started negotiations with traditional owners over the project and is in ongoing discussions with Asian-based investor groups over a strategic partnerships in Wiluna.

Click here to read the full SMH report.