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Pin to quick picksThor Energy Share News (THR)

Share Price Information for Thor Energy (THR)

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Share Price: 1.05
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LONDON AIM WINNERS & LOSERS: Ironridge Rallies On Ewoyaa Study Results

Tue, 19th Jan 2021 10:37

(Alliance News) - The following stocks are the leading risers and fallers on AIM on Tuesday.

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AIM WINNERS

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Ironridge, up 45% at 21.00 pence. The Australia-based minerals exploration company reported "exceptional" scoping study results at the Ewoyaa lithium project in Ghana, with the study supporting the business case for 2.0 million tonnes per year production operation with life of mine revenue exceeding USD1.55 billion.

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Alumasc Group, up 23% at 140.00p. The Kettering, Northamptonshire-based building products supplier said conditions in its markets have remained positive, resulting in a "record" profit for the first half. Revenue increased 11% year-on-year to GBP45.6 million in the six months to the end of December and underlying pretax profit surged to GBP6.0 million from GBP2.3 million. Alumasc said it has entered the second half with good momentum and a resumption of its previous dividend policy is being mulled over by the board.

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Microsaic Systems, up 20% at 0.24p. The developer of mass spectrometry instruments said that it has, through Turner Pope Investments, conditionally raised GBP5 million via an oversubscribed placing of 5.00 billion new shares. "The net funds from the placing will fund the commercialisation of Microsaic's current miniaturised products and services, provide funds to further develop Microsaic's product and service portfolio and fund general working capital purposes to drive increased revenues by collaborations and revenue sharing opportunities that build and extend our existing sales, marketing and distribution channels," said Chief Executive Glenn Tracey.

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Trufin, up 15% at 77.44p. The the lending and technology company said revenue for 2020 is expected to be "significantly" ahead of market expectations, at around GBP14.6 million - double the GBP7.3 million posted for 2019. Firm's adjusted pretax loss also expected to be ahead of market forecasts, at no more than GBP8.4 million versus a loss of GBP9.3 million the year before.

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Thor Mining, up 13% at 1.03p. The exploration and development company with projects in Australia said it has raised GBP750,000 via the placing of 88.2 million new shares at 0.85p each. A London-based specialist resources investor is investing GBP600,000 and Artemis Resources - of which Thor director Mark Potter is non-executive chair - is also to invest GBP150,000. Funds will be used for exploration activities at the Ragged Range, gold & nickel project in the Pilbara Western Australia, copper evaluation at Alford East in South Australia, initial drilling of the uranium and vanadium projects in the US, and general working capital.

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AIM LOSERS

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Mountfield, up 19% at 0.49p. The Essex-based flooring and construction firm said accounts for the second half of 2020 show "the impact of the pandemic on the group", as it achieved a level of profitability below that in the first half. As a result of difficult trading conditions and uncertainty over which areas of construction will be in demand following the pandemic, the firm is considering making structural changes to the group.

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Iofina, down 7.2% at 13.45p. The US-focused iodine producer reported second half crystalline iodine production of 325.5 metric tonnes, the highest half-year production total in company history. However, back in October the firm said it was on track to achieve the lower end of its 340 to 360 metric tonne forecast for the second half. Iofina said indications in 2021 suggest the iodine market is recovering after lower demand in the second half of 2020.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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22 Jun 2022 11:00

IN BRIEF: Thor Mining wins drilling approvals on two projects in US

Thor Mining PLC - London-based exploration and development company focused on Australia - Receives drilling approvals on its 100% owned Wedding Bell and Radium Mountain projects in southwest Colorado, US. The drilling programme will begin once a drill rig has been sourced. It will target the Saltwash horizon. Field sampling by Thor returns high-grade uranium and vanadium within Saltwash.

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21 Jun 2022 10:09

Thor Mining starts 2nd phase of drilling at Ragged Range, Australia

(Alliance News) - Thor Mining PLC on Tuesday said it has entered the next phase of drilling at the Ragged Range project in Western Australia.

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17 Jun 2022 13:37

Thor Mining finds shallow anomaly at Krona Prospect

(Sharecast News) - Thor Mining announced on Friday that the recently-completed electromagnetic geophysics survey over the nickel gossan at the Krona Prospect had identified a conductive anomaly.

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17 Jun 2022 10:14

IN BRIEF: Thor Mining finds electromagnetic conductor at Krona project

Thor Mining PLC - A London-based exploration and development company focused on Australia - Says the electromagnetic geophysics survey over the nickel gossan at the Krona prospect at its Ragged Range project in Australia identified a "shallow conductor". Says the conductor will be drill tested as part of its upcoming reverse circulation drilling programme. It is scheduled to start next week.

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6 May 2022 14:23

IN BRIEF: Thor conducts survey to find nickel sulphide mineralisation

Thor Mining PLC - A London-based exploration and development company focused on Australia - Starts conducting an electromagnetic survey over the nickel gossan, or Krona prospect, of its Ragged Range project in Eastern Pilbara, Western Australia. Says the survey is supposed to detect "conductive anomalies" that could indicate the presence of nickel sulphide mineralisation. Says the survey is being undertaken by Vortex Geophysics Pty Ltd and is expected to take one week to complete. Notes that final preparations are in place to start the second phase of reverse circulation drilling at the Sterling gold prospect.

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6 May 2022 13:13

Thor starts nickel survey on Ragged Range Project

(Sharecast News) - Thor Mining announced the start of a ground-based electromagnetic survey over the nickel gossan now referred to as the Krona Prospect on Friday, at its wholly-owned Ragged Range Project in the Eastern Pilbara of Western Australia.

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4 Apr 2022 10:49

IN BRIEF: Thor Mining wins approval for drilling at Rim Rock, Colorado

Thor Mining PLC - London-based exploration and development company focused on Australia - Wins approval to drill at Rim Rock and Section 23, Groundhog, from San Miguel County, Colorado in the United States.

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30 Mar 2022 10:40

IN BRIEF: Thor Mining rises as work starts on Ragged Range, Australia

Thor Mining PLC - London-based exploration and development company focused on Australia - Says it is currently ground mapping and sampling several lithium targets at its 100% owned Ragged Range project in Western Australia. It adds that a fixed loop electromagnetics ground geophysics survey is scheduled for mid-April over the nickel gossan at the western portion of the area. Final preparations are also in place to commence the second phase of reverse circulation drilling at the Sterling Gold prospect, Thor Mining says.

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15 Mar 2022 20:54

TRADING UPDATES: Sancus expects revenue drop; Gresham assets grow

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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22 Feb 2022 21:57

TRADING UPDATES: Angling Direct ups revenue; Ceiba takes Omicron hit

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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27 Jan 2022 14:34

IN BRIEF: Thor Mining shares up by a third on new lithium prospects

IN BRIEF: Thor Mining shares up by a third on new lithium prospects

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27 Jan 2022 11:25

AIM WINNERS & LOSERS: Thor Mining, Alien Metals gain on Pilbara finds

AIM WINNERS & LOSERS: Thor Mining, Alien Metals gain on Pilbara finds

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25 Jan 2022 12:42

Mechanical issues see Thor completing only half of planned drilling

(Sharecast News) - Thor Mining updated the market on drilling at its wholly-owned Ragged Range Project in the Eastern Pilbara of Western Australia on Tuesday, reporting that following "mechanical issues", only 50% of the planned maiden reverse circulation drilling programme was complete at the Sterling prospect.

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