Thor Mining PLC (AIM:THR) acquired American Vanadium Pty Ltd from Coral Brook Pty Ltd, Celtic Capital Pty. Ltd., Paranoid Enterprises Pty Ltd and Hollywood Marketing (WA) Pty Ltd. for AUD 0.27 million on September 9, 2020. As part of the transaction consideration comprises AUD 0.1 million exclusivity fee, which has been paid, of which AUD 0.05 million was satisfied by the issue of 8,350,000 ordinary shares of 0.01p each in Thor Mining PLC, AUD 0.14 million acquisition fee satisfied by the issue of 24 million ordinary shares ("acquisition fee"), to be issued shortly and future payments through the issue of performance rights, over three stages, to receive up to 102 million ordinary shares subject to achievement of project milestones. Following the acquisition, the parties have agreed a series of performance payments first performance AUD 0.1 million through the issue of 18 million ordinary shares, on 15 or more samples from three of more adits/shafts at Radium Mountain & Wedding Bell prospects returning grades >= 0.1% U3O8, or 1.0% V2O5, or equivalent within six months of execution of the share agreement, second performance AUD 0.2 million through the issue of 42 million ordinary shares on drilling ore grade intercepts from at least three holes from any deposits within the licences, at a product of grade and thickness of >= 0.4% U3O8, or equivalent and third performance AUD 0.2 million through the issue of 42 million ordinary shares on reporting a mineral resource in either the inferred, indicated or measured category (reported in accordance with the JORC Code, 2012 Edition) of, or equivalent to 5 million tonnes @ >= 0.1% U3O8, or 1.0% V2O5, or equivalent. Samantha Harrison and Niall McDonald of Grant Thornton Corporate Finance acted as financial advisor to Thor Mining PLC. Thor Mining PLC (AIM:THR) completed the acquisition of American Vanadium Pty Ltd from Coral Brook Pty Ltd, Celtic Capital Pty. Ltd., Paranoid Enterprises Pty Ltd and Hollywood Marketing (WA) Pty Ltd. on September 9, 2020.