Rio Tinto has won a 70.21% stake in uranium exploration company Hathor Exploration, based in Vancouver, Canada, for a total sum of $A627m (US$641.6m).

The company has extended its offer to acquire Hathor Exploration’s 94,950,089 common shares for $4.64 in cash within ten days.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

All of the conditions of the offer, made through an indirect wholly owned Canadian subsidiary, have been satisfied.

Rio Tinto has extensive operations in Canada, which include mining and manufacturing interests in alumina, aluminium, iron ore, diamonds and titanium dioxide.

Mining Technology Excellence Awards - Nominations Closed

Nominations are now closed for the Mining Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact

Excellence in Action
Awarded the 2025 Mining Technology Excellence Innovation Award for Equipment Diagnostics, Razor Labs’ DataMind AI™ platform turns sensor data and imagery into actionable maintenance insights, avoiding hundreds of thousands of dollars in downtime. Find out how leading mines are using DataMind AI™ to keep critical assets running.

Discover the Impact