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Pin to quick picksThor Energy Share News (THR)

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IN BRIEF: Thor Energy starts uranium drilling at Colorado projects

Wed, 18th Oct 2023 13:30

Thor Energy PLC - London-based, US and Australia-focused mineral exploration company - Announces commencement of drilling at its 100%-owned Wedding Bell and Radium Mountain projects. Both are located in the Uravan mineral belt in southwest Colorado. Thor says the 4,000 metre drilling programme will target uranium mineralisation along strike of the Rim Rock and Groundhog mines and focus on testing for airborne anomalies. Company will conduct downhole gamma surveys throughout the programme. Drilling is expected to take four to six weeks with completion in late November, with sample analysis results expected in December or January. Says current uranium spot price is USD73 per pound.

Managing Director Nicole Galloway Warland says: "Thor is encouraged by the growth opportunities in the uranium sector, with the uranium spot price at a 12-year high, supported by strong supply and demand fundamentals. This aligns with our strategic focus on energy metals and our commitment to advancing our USA uranium projects."

Current stock price: 1.51 pence, up 0.3% on Wednesday afternoon in London

12-month change: down 68%

By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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31 May 2024 21:46

Thor Energy receives new mineral resource estimate at Molyhil mine

(Alliance News) - Thor Energy PLC on Friday reported a new estimate showed significant improvement in resource confidence at its Molyhil project.

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28 May 2024 21:57

IN BRIEF: Thor Energy gives updated Molyhil project estimate

Thor Energy PLC- exploration company with prospective projects in Australia and US - Says diamond drilling programme at Molyhil project has "resulted in a significant improvement in resource confidence". The project is located at the Molyhil tungsten-molybdenum-copper deposit in the Northern Territory, Australia. The resource estimate now includes 4.65 million tonnes at 0.26% tungsten trioxide. It notes a 150% rise in tonnes and a 20% increase in grade.

Read more
13 May 2024 12:29

Thor Energy raises AUD1.3 million, ASX trading halt lifted

(Alliance News) - Thor Energy PLC on Monday said it raised AUD1.3 million, or GBP690,000, via a capital raise, allowing the trading halt on its shares on the Australian Securities Exchange to be lifted.

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9 May 2024 10:44

AIM WINNERS & LOSERS: Robinson sales up; Thor Energy halts ASX trading

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6 Mar 2024 21:09

IN BRIEF: Thor Energy hails new 3D model highlights on mineralisation

Thor Energy PLC - US and Australia-focused mineral exploration company - At the Alford east copper - rare earth element project in South Australia, says new 3D model shows deeply weathered troughs in areas of unaltered metamorphic were found associated with zones of faulting, deep oxidation and intrusives as depth. Notably, the ambient noise tomography surveys confirm the significance of the prominent north-northeast structure associate with copper oxide mineralisation. "The combined resultant 3D model provides targeted criteria for extensions to existing mineralisation and potential for new discoveries of oxide copper-rare earth element mineralisation," Thor Energy says.

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5 Mar 2024 20:43

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30 Jan 2024 14:39

Thor Energy expects "exciting" year after busy quarter

(Alliance News) - Thor Energy PLC on Tuesday said it finished the latest calendar year with high-grade drilling results, highlighting "the significant potential" of its projects.

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18 Jan 2024 14:35

Thor Energy up after Colorado drilling reveals high-grade Uranium

(Alliance News) - Thor Energy PLC shares rose on Thursday, as the discovery of high-grade uranium at its Uravan belt prospects coincided with soaring uranium prices.

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18 Dec 2023 13:15

Thor outlines deal between investee ECL and Andromeda Metals

(Sharecast News) - Thor Energy announced a significant development on Monday involving signing an agreement between EnviroCopper (ECL) and Andromeda Metals (Andromeda).

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