Thor Energy Plc

THR

GB00BRJ52319

Specialty Mining & Metals

Market Closed - London S.E. Other stock markets 11:35:20 2024-04-26 am EDT			5-day change	1st Jan Change
1.2 ^GBX	0.00%		-4.00%	-22.58%

Apr. 24	Pennant trading in line; Coro requests suspension	AN
Apr. 24	Investigator Resources Completes Stage One Earn-in Commitment for Thor Energy's Northern Territory Projects	MT

Thor Energy shares surge on "significant" uranium find

November 15, 2023 at 06:42 am EST

Thor Energy PLC - US and Australia-focused mineral exploration company - Says drilling has revealed significant uranium mineralisation at its Wedding Bell and Radium Mountain projects in southwest Colorado. Reports up to 3,186 parts per million or 0.32% uranium at the Rim Rock mine along a strike of historic mined-out areas. Says 16 drillholes now complete at the Rim Rock and Section 23 prospects, with uranium mineralisation intercepted in all of them. Drilling will continue at Rim Rock before commencing at the Groundhog prospect. Thor Energy expects the drilling programme to conclude later this month.

Managing Director Nicole Warland says: "These are significant uranium results, reflecting the high-grade nature of the uranium mineralisation within the Uravan mineral belt. With significant results found well above [the belt's] historical cut-off grade, this drilling programme strengthens the project's overall economic outlook. This reaffirms our long-term strategic focus towards the 100% owned USA uranium projects within the Thor portfolio."

Current stock price: 1.60 pence, up 10% in London on Wednesday

12-month change: down 66%

By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Thor Energy Plc

Pennant trading in line; Coro requests suspension	Apr. 24	AN
Investigator Resources Completes Stage One Earn-in Commitment for Thor Energy's Northern Territory Projects	Apr. 24	MT
Thor Energy hails new 3D model highlights on mineralisation	Mar. 06	AN
EARNINGS: dotdigital eyes rosy future; Beeks Financial turns to profit	Mar. 05	AN
Thor Energy Reports H1 FY24 Loss on Ragged Range Project Writedown	Mar. 05	MT
Thor Energy Plc Reports Earnings Results for the Half Year Ended December 31, 2023	Mar. 04	CI
EARNINGS AND TRADING: East Star, Getech strike Kazakhstan JV	Feb. 29	AN
AIM WINNERS & LOSERS: Beacon Energy and Avacta fall on fundraise	Feb. 29	AN
Thor Energy Uncovers Uranium, Vanadium at Colorado Projects	Feb. 29	MT
Thor Energy expects "exciting" year after busy quarter	Jan. 30	AN
Puma and Puma Alpha invest in Not Another Beer	Jan. 26	AN
Alligator Energy Joins Thor Energy With 8% Stake in EnviroCopper	Jan. 25	MT
Correction: Thor Energy Says Alligator Concludes Initial Investment in EnviroCopper for 7.8% Stake; Shares Rise 3%	Jan. 25	MT
Thor Energy Concludes Initial Investment in EnviroCopper for 7.8% Stake; Shares Rise 3%	Jan. 25	MT
Thor Energy up after Colorado drilling reveals high-grade Uranium	Jan. 18	AN
Thor Energy Prepares for Resource Drilling at Colorado Mine Areas	Jan. 18	MT
EARNINGS AND TRADING: Goldplat profit tumbles despite revenue jump	Dec. 18	AN
Thor Energy Unit to Buy Alford West Tenement Exploration License in Australia	Dec. 18	MT
Thor Energy's EnviroCopper Stake to Dilute to 28.6%; Shares Up 8%	Dec. 17	MT
Ondine Biomedical raises GBP2.9 million via placing	Dec. 11	AN
Thor Energy finds high-grade uranium intercepts at Groundog	Dec. 04	AN
Thor Energy Says Drilling Confirms Shallow High-grade Uranium at Colorado Projects; Stock Jumps	Dec. 04	MT
Thor Energy Hits Uranium at Wedding Bell-Radium Mountain Project	Dec. 04	MT
Thor Energy completes drilling programme at Wedding Bell project	Nov. 22	AN
Thor Energy Wraps Up Reverse Circulation Drilling at US Project	Nov. 22	MT

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Company Profile

Thor Energy PLC is a United Kingdom-based exploration company with a focus on uranium and energy metals. The Company's project consists of Ragged Range Gold Project, Alford Copper-Gold Projects, Molyhil Tungsten Project, and Uranium-Vanadium Project. The Company holds 100% interest in three uranium and vanadium projects (Wedding Bell, Radium Mountain and Vanadium King) in the Uravan Belt Colorado and Utah. The Ragged Range Project is located in the prospective Eastern Pilbara Craton, Western Australia. The Molyhil tungsten-molybdenum-copper deposit is located 220km north-east of Alice Springs (320km by road) within the prospective polymetallic province of the Proterozoic Eastern Arunta Block in the Northern Territory. The Alford East Copper-Gold Project is located on EL6529. The Company also holds 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.

Sector

Specialty Mining & Metals

Calendar

2024-09-25 - Q4 2024 Earnings Release (Projected)

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