Australia's Toro Energy hits near 3-wk high on mining pit optimization in WA

Toro Energy

21/10/2024 05:22

** Shares of Toro Energy  TOE.AX  rise as much as 9.1% to
A$0.300, their highest since Oct. 2
    ** Uranium explorer says it has initiated integration of
vanadium into its Lake Maitland uranium resource at Wiluna
Uranium Project in Western Australia
    ** Says re-optimizing the mining pit will increase
production of uranium and vanadium
        ** Stock set to rise for third straight session, if
current gains hold
  
        ** Including session's gains, stock down ~37% YTD 
  

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com;))