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.
"With the US seeking domestic uranium supply to potentially replace its Russian import of uranium, we are pleased to be in a position to have three, drill ready uranium-vanadium assets in the high-grade, historic producing Uravan Minerals Belt, US," says Nicole Galloway Warland, managing director of Thor Mining.
Meanwhile, the company provides an update to its assay results of high-grade uranium and vanadium. Field sampling by Thor returned assay results of high-grade uranium up to 1.25% and vanadium up to 3.5%, both at the US Uranium and Vanadium Project at Wedding Bell, the firm explains.
Current stock price: 0.91 pence, up 3.4% on Monday
12-month change: up 9.0%
By Tom Budszus; tombudszus@alliancenews.com
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Thor Energy (THR)