Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) executive chairman Alasdair Clayton said it continues to work on the acquisition of Go Exploration, which will take into the nascent South Australian natural hydrogen and helium exploration industry.
“In addition to the excellent geological and geographical attributes of the Go portfolio, what makes this acquisition so compelling is the granted status of the large and highly prospective PEL 120 (RSEL 802) licence and the strategic licence applications associated with key infrastructure and where high hydrogen generation potential has already been interpreted,” he said
Thor has also completed a drill programme at its US uranium assets and further rationalised the portfolio.
Cash balances at the end of December 2024 were A$2.24 million with Thor also holding 2.5 million shares in ASX-listed Investigator Resources, said the quarterly update.