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    THR   GB00BD0NBV71

THOR MINING PLC

(THR)
  Report
Delayed London Stock Exchange  -  05:04 2022-12-07 am EST
0.3740 GBX   -0.27%
12:09aThor Mining Hits High-Grade Copper, Gold at Western Australia's Ragged Range Project
MT
12/02TRADING UPDATES: Time Out eyes Riyadh; MTI Wireless wins deal
AN
11/29Thor Mining Raises Funds for Uranium Exploration, Plans Name Change to Thor Energy
MT
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IN BRIEF: Thor Mining signs deal for Molyhil and Bonya tenements

11/24/2022 | 08:48am EST

Thor Mining PLC - Australia-focused mineral explorer - Through its wholly-owned subsidiary Molyhil Mining Pty Ltd, signs a heads of agreement with mineral exploration and development company Investigator Resources Ltd. Agreement is signed to fund the exploration of Thor's 100%-owned Molyhil tenements in the Northern Territory of Australia and the sale of Thor's interest in the Bonya tenement.

Investigator Resources' subsidiary Fram Resources will earn-in, via a three-stage process, a 80% interest in the Molyhil tenements and acquire Thor's 40% interest in the Bonya tenement. It will provide expenditure of up to AUD8 million, around GBP4.5 million, to explore for minerals within the tenements and manage joint-venture exploration activities.

Thor will receive up to a total of AUD100,000 in cash and AUD500,000 in Investigator Resources shares.

Thor says the agreement enables it to focus on its priority US uranium assets and the multi-commodity Ragged Range project in Western Australia.

Current stock price: 0.48 pence, up 13% in London on Thursday

12-month change: down 40%

By Heather Rydings; heatherrydings@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

Stocks mentioned in the article
ChangeLast1st jan.
INVESTIGATOR RESOURCES LIMITED 0.00% 0.05 Delayed Quote.-28.57%
THOR MINING PLC -0.27% 0.374 Delayed Quote.-40.00%
All news about THOR MINING PLC
12:09aThor Mining Hits High-Grade Copper, Gold at Western Australia's Ragged Range Project
MT
12/02TRADING UPDATES: Time Out eyes Riyadh; MTI Wireless wins deal
AN
11/29Thor Mining Raises Funds for Uranium Exploration, Plans Name Change to Thor Energy
MT
11/25FTSE 100 Closes Up 0.3% as Risk Rally on Pause
DJ
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11/25Thor Mining shares in London fall amid trading halt in Australia
AN
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11/25FTSE 100 Edges Higher as Oil-Linked Stocks Rise
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11/25SSE's Transmission Stake Sale a Positive Surprise
DJ
11/25Thor Mining Halts Trading in Australia to Pave Way for Capital Raise
MT
More news
Financials
Sales 2022 - - -
Net income 2022 -1,25 M -1,53 M -1,53 M
Net cash 2022 1,17 M 1,44 M 1,44 M
P/E ratio 2022 -8,44x
Yield 2022 -
Capitalization 10,2 M 12,5 M 12,5 M
EV / Sales 2021 -
EV / Sales 2022 -
Nbr of Employees 7
Free-Float 66,2%
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Technical analysis trends THOR MINING PLC
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 0
Last Close Price 0,38 GBX
Average target price 4,00 GBX
Spread / Average Target 967%
Managers and Directors
Nicole Marie Galloway Warland Managing Director & Director
Ray Ridge Chief Financial Officer & Joint Secretary
Alastair Raoul Clayton Non-Executive Chairman
Mark McGeough Non-Executive Director
Stephen Frank Ronaldson Joint Secretary