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More shares to issue. Man power spread even more thinly. More cash required to drill etc. Will the ever get anything past the finishing line.
9 September 2020
THOR MINING PLC
US URANIUM / VANADIUM PROJECTCOMPLETION OF ACQUISITION
The directors of Thor Mining Plc ("Thor" or the "Company") (AIM, ASX: THR) are pleased to advise completion of the acquisition of American Vanadium Pty Ltd (AVU), including its subsidiaries and uranium and vanadium projects.
AVU holds interests in uranium and vanadium focussed projects in Colorado and Utah in the United States of America. The Company announced on 1 June 2020 an option agreement to acquire AVU, subject to satisfaction of due diligence requirements.
Thor will now proceed with the issue of 24 million Ordinary shares of 0.01p each, in full payment of the Acquisition Fee for a 100% interest in AVU.
Highlights:
· Acquisition of American Vanadium complete.
· Colorado project claims include historical mines with historical production activity over a period of more than 100 years.
· Utah project claims have reported historical drilling with significant intersections of uranium and vanadium.
· Field sampling by Thor during due diligence period showed assay results of high grade uranium (up to 1.25% U3O8 ) and vanadium (up to 3.47% V2O5)
Mick Billing, Executive Chairman of Thor Mining, commented:
"We are very pleased to complete the acquisition of 100% of American Vanadium and its high grade uranium and vanadium claims."
"Thor has a well balanced portfolio of very attractive assets with copper, gold, tungsten & now uranium & vanadium. "
https://www.investegate.co.uk/thor-mining-plc--thr-/rns/completion-of-acquisition-of-us-uranium-vanadium/202009090745024531Y/
Mick Billing, Executive Chairman of Thor Mining, commented:
"We are very pleased to complete the acquisition of 100% of American Vanadium and its high grade uranium and vanadium claims."
"Thor has a well balanced portfolio of very attractive assets with copper, gold, tungsten & now uranium & vanadium. "
Boom Boom
Sounds good hopefully pushes us up further :)
The acquisition of American Vanadium Pty Ltd (AVU), including its subsidiaries is complete.
Let's hope it puts some impetus into the SP and we see a good upwards movement today.
Kapunda update- end of Sep / early Oct
Pilbara - anyone got any idea when we expected to go back there for follow up drilling ?
Buys coming in today.
Excellent rise on the ASX. News due soon. 1p coming soon. Dyor.gla
If ASX hit 1.8 soon, that would be 1p here.
Which is 0.88
Closed at 1.4 (0.78p here)
Currently LSE trading at 13% discount to ASX close.
Another attempt to crack 0.795 old 52 week high.
Already had a few goes at it. I think this time we should nail it enroute to +1p and much higher there onwards.
Gold at Pilbara with 13km strike length is MASSIVE.
This happened last time also when we hit 0.795
MMs know what's coming here. So trying to grab on the cheap from us. Hence not worth trading or you get locked out OR end up buying back same Qty at much higher price.
My order has now been filled - over an hour of trying. Only a modest amount to start with
It's been mostly NT all morning on HL. Can sell though.
Thanks Crystalball - I don't have an account with Halifax; will keep trying cheers
Been trying to buy since 8am, and still no luck. Broker advises place limit price but still not actioned. Any ideas?
We definitely should be higher than this very slow market reaction to excellent results!!
THR up over on ASX. Buys coming in. GLA
cheers mate. ATB
Yep, looking strong down under !!
On that link from Mullins (its what I look at every morning), click on 'key statistics' and you'll observe the daily high and year high touched earlier this morning at 16 and also 6 times the average volume of shares traded.
All looking good.
Up 16.6%
https://www.asx.com.au/asx/share-price-research/company/THR
Currently up 33% on the ASX.
....supported sp increase on the asx.
Been enjoying watching recent goings on around thr, lots of positives both micro and macro.
AIMO GLA