Toro Energy Limited
(ASX:TOE) says it’s well placed to take advantage of the improving uranium market with its Wiluna Project in Western Australia.
Markets are expected to get a boost with Japan restarting its Sendai 1 and 2 reactors this month to coincide with the World Nuclear Association Annual Conference in London.
Toro also says that Australia will soon welcome a new uranium trading partner in India with a new deal to be signed off by early next year. China, Egypt and the UAE are also increasing their commitment to nuclear power.
Toro has undergone a successful refinancing and secured a new shareholder in the Sentient Group and says it’s cashed up and well placed to continue the project development.
Toro Energy made a net loss of $18.63 million for the 2014 calendar year.
