Last checked at 17 Jan 2023 07:00
Thor Mining plc
("Thor" or the "Company")
Name change to "Thor Energy Plc"
The directors of Thor Mining Plc ("Thor" or the "Company") (AIM, ASX: THR, OTCQB: THORF) are pleased to announce its change of name to Thor Energy Plc. The name change reflecting the Company's exploration focus on its uranium and energy metals projects in Australia and USA.
Following the passing of Resolution 6 at the General Meeting of Shareholders held on 4 January 2023, the change of name to Thor Energy Plc has now been registered at Companies House and will take effect on the Altern of the London Stock Exchange from the commencement of trading on 18 January 2023.
The Company's TIDM, THR.L, will remain unchanged as will its ISIN (GB00BD0NBV71), SEDOL (BD0NBV7) and LEI (213800WO61Y9GPALD478) numbers.
The Company's website address (including the information required by AIM Rule 26) is now www.thorenergyplc.com.
Shareholders will be unaffected by the change of name, and existing share certificates should be retained and remain valid.
Nicole Galloway Warland, Managing Director of Thor Energy, commented:
"The shift to 'Thor Energy Plc' reflects the focus on our uranium and energy metals projects in the USA and Australia. With the move to regionally and nationally secure supply chains in the nuclear and battery metals industries, Thor is well placed to leverage off is North American and Australian portfolios.
We look forward to kicking off our 2023 exploration programmes with geophysics and drilling planned at Wedding Bell and Radium Mountain uranium projects in Colorado and a maiden drilling program at Vanadium King Project, Utah".
Updates on the Company's activities are regularly posted on Thor's website www.thorenergyplc.com which includes a facility to register to receive these updates by email, and on the Company's twitter page @ThorEnergyPlc.
About Thor Energy PLC
Thor Energy PLC (AIM, ASX: THR; OTCQB: THORF) is a uranium and energy metals resource company quoted on the AIM Market of the London Stock Exchange, ASX in Australia and OTCQB Market in the United States.
The Company is focused on uranium and energy metals that are crucial in the shift to a 'green' energy economy. Thor has a number of highly prospective projects that give shareholders exposure to uranium, nickel, copper, lithium and gold. Our projects are located in Australia and the USA.
Thor holds 100% interest in three uranium and vanadium projects (Wedding Bell, Radium Mountain and Vanadum King) in the Uravan Belt Colorado and Utah, USA with historical high-grade uranium and vanadium drilling and production results.
Thor owns 100% of the Ragged Range Project, comprising 92 km2 of exploration licences with highly encouraging early-stage gold and nickel results in the Pilbara region of Western Australia, with follow up drilling planned for 2022.
At Alford East in South Australia, Thor is earning an 80% interest in oxide copper deposits considered amenable to extraction via In Situ Recovery techniques (ISR). In January 2021, Thor announced an Inferred Mineral Resource Estimate of 177,000 tonnes contained copper & 71,000 oz gold¹.
Thor also holds a 30% interest in Australian copper development company EnviroCopper Limited, which in turn holds rights to earn up to a 75% interest in the mineral rights and claims over the resource on the portion of the historic Kapunda copper mine and the Alford West copper project, both situated in South Australia, and both considered amenable to recovery by way of ISR.²³
Thor holds 100% of the advanced Molyhil tungsten project, including measured, indicated and inferred resources⁴, in the Northern Territory of Australia, which was awarded Major Project Status by the Northern Territory government in July 2020. Thor executed a $8m Farm-in and Funding Agreement with Investigator Resources Limited (ASX: IVR) to accelerate exploration at the Molyhil Project on 24th November 2022.6
Adjacent to Molyhil, at Bonya, Thor holds a 40% interest in deposits of tungsten, copper, and vanadium, including Inferred resource estimates for the Bonya copper deposit, and the White Violet and Samarkand tungsten deposits.⁵ Thor's interest in the Bonya tenement EL29701 is planned to be divested as part of the Farm-in and Funding agreement with Investigator Resources Limited.6
Notes
1 www.thormining.com/sites/thormining/media/pdf/asx-announcements/20210127-maiden-copper.gold-estimate-alford-east-sa.pdf
2 www.thormining.com/sites/thormining/media/pdf/asx-announcements/20172018/20180222-clarification-kapunda-copper-resource-estimate.pdf
³ www.thormining.com/sites/thormining/media/aim-report/20190815-initial-copper-resource-estimate---moonta-project---rns---london-stock-exchange.pdf
4 www.thormining.com/sites/thormining/media/pdf/asx-announcements/20210408-molyhil-mineral-resource-estimate-updated.pdf
5 www.thormining.com/sites/thormining/media/pdf/asx-announcements/20200129-mineral-resource-estimates---bonya-tungsten--copper.pdf
6 https://thormining.com/wp-content/uploads/2022/11/20221124-8M-Farm-in-Funding-Agreement.pdf
For further information, please contact:
Thor Mining PLC | |
Nicole Galloway Warland, Managing Director Ray Ridge, CFO / Company Secretary
| Tel: +61 (8) 7324 1935 Tel: +61 (8) 7324 1935 |
WH Ireland Limited (Nominated Adviser and Joint Broker) | Tel: +44 (0) 207 220 1666 |
Antonio Bossi / Darshan Patel / Megan Liddell
| |
SI Capital Limited (Joint Broker) | Tel: +44 (0) 1483 413 500 |
Nick Emerson
| |
Yellow Jersey (Financial PR) | thor@yellowjerseypr.com |
Sarah Hollins / Henry Wilkinson | Tel: +44 (0) 20 3004 9512 |