** Shares of Toro Energy 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;))