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Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) shares were up 20% on Thursday after announcing it had signed a binding agreement with DISA Technologies Inc, to treat abandoned uranium mine waste at its Colorado projects. The company said the agreement includes a gross revenue share from the sale of recovered uranium and critical minerals using DISA's High-Pressure Slurry Ablation (HPSA) system.
Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) shares advanced in Tuesday's trade, after it announced the signing of a term sheet with ASX-listed Tivan Limited that will see the sale of the London-listed firm's 75% stake in the FRAM Joint Venture. The transaction for the controlling stake in FRAM, which owns the Molyhil tungsten-molybdenum-copper project in Australia's Northern Territory, is worth A$8.75 million, with Thor's share totalling A$6.56 million, payable through a mix of upfront and deferred payments over a three-year period.
Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) has completed the sale of a 75% interest in its US uranium and vanadium projects in Colorado and Utah to Metals One PLC (AIM:MET1), with Thor receiving £1 million paid in shares, plus £100,000 in cash. Under the deal, Metals One becomes the operator of the projects, while Thor retains a 25% interest and grants a 12-month exclusive option for Metals One to acquire the remainder at a mutually agreed or independently determined price.
Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) shares traded higher in Monday morning's deals after it reported positive soil gas geochemistry results at the HY-Range project (RSEL 802) in South Australia. Hydrogen readings exceeding 1,000 ppm and peaking at 3,000 ppm, and helium values up to 27 ppm, the company told investors.
Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) has appointed Andrew Hume as managing director, bringing experience from Shell and TotalEnergies as the company enters the nascent natural hydrogen sector. He will be based in Perth, Western Australia, and will also sit on the group board.
Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) executive chairman Alasdair Clayton said it continues to work on the acquisition of Go Exploration, which will take into the nascent South Australian natural hydrogen and helium exploration industry. “In addition to the excellent geological and geographical attributes of the Go portfolio, what makes this acquisition so compelling is the granted status of the large and highly prospective PEL 120 (RSEL 802) licence and the strategic licence applications associated with key infrastructure and where high hydrogen generation potential has already been interpreted,” he said Thor has also completed a drill programme at its US uranium assets and further rationalised the portfolio.
Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) said recent drilling at its Groundhog prospect in Colorado had extended the known mineralisation. Nine Reverse Circulation (RC) holes totalling 979m were drilled at the prospect, following up 2022 and 2023 programs, with new shallow, narrow high grades of uranium identified 100m to the north and 300m to the east.
Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) has appointed RISC Advisory, a Western Australian-based independent energy advisory firm. to carry out an independent assessment of natural hydrogen and helium resources on licence area PEL120 in South Australia.
Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) has announced key leadership changes, including the appointment of Lincoln Moore as non-executive director and Rowan Harland as company secretary. These appointments coincide with the retirement of non-exec Mark McGeough and Ray Ridge as company secretary and finance chief.
Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) has received a cash boost, with total inflow of A$408,000 (£210,000) through a combination of a research and development tax incentive rebate and a partial licence sale of fluorite rights. It received A$208,000 (£107,000) of rebate, and saw A$200,000 (£103,000) from the sale of fluorite rights under the Molyhil joint venture.
Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) has started a drilling programme at the Groundhog Prospect, on its 100% owned Wedding Bell project in the uranium-vanadium mining district of the Uravan Mineral Belt, southwest Colorado. Reverse Circulation (RC) drilling will be centred around high-grade uranium and vanadium mineralisation intercepted from previous drilling with extension holes up to 300m to the north and east.
Alastair Clayton, executive chairman of Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR), explains the rationale behind its move into hydrogen and helium Proactive: Thor is acquiring an 80.2% stake in Go Exploration and this is in hydrogen and helium in South Australia. What did you like about this company and the reason why you wanted to do this deal?
Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) has firmed up its proposed acquisition of 80.2% Australia-based natural (white) hydrogen and helium explorer Go Exploration into a binding agreement. The consideration will be met by the issue of 466 million shares with a six-month voluntary lock-in on 70% of these shares.
Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) has raised £1 million and announced a move into helium and hydrogen exploration through the potential acquisition of an 80% stake in Australian group Go Exploration. GoX is an explorer looking for naturally occurring or white hydrogen and helium in South Australia through a portfolio of licences.
Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) has announced that managing director Nicole Galloway Warland is to retire with immediate effect. Alastair Clayton, currently serving as Non-Executive Chairman, will become executive chairman with immediate effect.
Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) Nicole Galloway Warland explains the drilling plans for its Wedding Bell and Radium Mountain Projects in Colorado. Nicole Galloway Warland: We're back on the ground preparing for our upcoming drilling program, which involves doing the site preparation and environmental tech.
Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) said on-ground drill site preparations are now underway for its 2024 drilling programs at Rim Rock and Groundhog mine areas in the US, with drilling scheduled to commence in early October. At both sites, infill drilling will follow up the high-grade uranium and vanadium mineralisation intercepted in recent programmes.
Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) has confirmed the creation of a joint venture (JV) with Investigator Resources Limited (Fram) for the Molyhil and Bonya projects, located in Northern Territory, Australia. The JV was solidified following Fram's completion of Stage 1, which involved spending US$1 million on the tenements, securing a 25% interest in Molyhil, and the sale of Thor's 40% interest in the Bonya tenement (EL29701).
Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) has noted that associate EnviroCopper (Thor: 26.3%) has commenced drilling at the Alford West Copper ISR Project in South Australia. Drilling is the first step in assessing whether the Alford West orebodies are amenable to copper recovery using ISR, a form of metal processing that significantly reduces the surface impacts and allows rehabilitation of the land back to its original farming state.
Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) has announced an updated Mineral Resource Estimate (MRE) for the Molyhil Tungsten-Molybdenum-Copper Deposit in the Northern Territory, Australia. The update was completed by ASX-listed Investigator Resources Limited (IVR), which is farming into the Molyhil Project.