Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) has received a cash boost, with total inflow of A$408,000 (£210,000) through a combination of a research and development tax incentive rebate and a partial licence sale of fluorite rights.
It received A$208,000 (£107,000) of rebate, and saw A$200,000 (£103,000) from the sale of fluorite rights under the Molyhil joint venture.
"I am always pleased to report on cash amounts of all sizes, being inbound to the company,” executive chair Alastair Clayton said in a statement.
“Not only does this improve funds available for exploration but it helps reduce shareholder dilution going forward.
“Should they conclude, I look forward to updating shareholders on several more potentially cash-generative initiatives currently in contemplation."