Thor Energy Share News (THR)

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0.55 0.00 (0.00%)

Bid:

0.50

Ask:

0.60

Spread: 0.10 (20.00%)

Market Cap: £5.67m

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IN BRIEF: Thor Energy increases stake in Alford East project to 80%

Fri, 03rd Nov 2023 10:45

Thor Energy PLC - London-based, US and Australia-focused mineral exploration company - Increases Alford East copper oxide project interest to 80% from after acquiring a further 29% interest from Spencer Metals Pty Ltd. Says Spencer received consideration of AUD250,000, or GBP131,854, in the form of around 9.3 million fully paid Thor shares issued on Friday at AUD0.027 per share. Managing Director Nicole Gallaway says: "As exploration accelerates at our Alford East Copper-REE project in collaboration with Fleet Space Technology, Thor is excited to have completed its stage 2 earn-in resulting in an 80% interest in this highly prospective project. This demonstrates our confidence in the Alford East project and the value we believe it can bring to the company."

Current stock price: 1.54 pence, down 0.8%

12-month change: down 68%

By Sabrina Penty, Alliance News reporter

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