The investors, in return are expected to get equity stake in Toro Energy.
According to Oz Minerals, who owns 22% stake in Toro, highlighted improvement in uranium prices as the main reason for the spiked interest amongst investors in the company.
The Sydney Morning Herald cited Toro managing director Dr Vanessa Guthrie as saying that the company is in talks with several entities, and mentioned that Uranium prices needs to go much higher for the Wiluna project to achieve stated target to become one of the up and running uranium producer in 2017.
However, Guthrie did not disclose the names of the potential investors, but mentioned that state-owned utilities in China has been showing interest in uranium miners in Namibia, as the country has been building 27 new nuclear reactors which needs uranium.
After the Fukushima nuclear disaster in 2011 Spot prices for uranium oxide fell, but it has shown improvement in since last year, when it hit $28 per pound in mid-2014.
