Toro to buy uranium project

Group to buy Lake Maitland project in bid to develop WA's first uranium mine.

The company that hopes to develop Western Australia's first uranium mine has bought a significant uranium project nearby, saying it offers expansion opportunities.

Toro Energy (TOE), which aims to begin production at its Wiluna project in central WA in 2016, announced it had agreed to buy the Lake Maitland uranium project from Canada's Mega Uranium for 415 million Toro shares.

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