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Thor Mining raises just over £1mln, with Metal Tiger maintaining its position as largest shareholder

Thor has a diverse portfolio of assets in Australia and the USA

Thor Mining PLC - Thor Mining raises just over £1mln, with Metal Tiger maintaining its position as largest shareholder

Thor Mining PLC (LON:THR)(ASX:THR) has raised just over £1mln from a fundraising round in which key investors and directors featured heavily.

Metal Tiger (LON:MTR), the well-known boutique mining finance house that has supported Thor in the past, came in for £150,000, while Artemis Resources Ltd (ASX:ARV) invested £138,000, subject to shareholder approval.

Broker SI Capital also invested, as did company directors Mick Billing and Mark McGeough.

All the new shares come with half a warrant attached.

The money raised will be used for exploration at the Ragged Range gold and nickel project in the Pilbara region of Western Australia, for further investment in EnviroCopper Ltd, exploration activities on uranium and vanadium projects in the USA, and for general working capital.

Quick facts: Thor Mining PLC

Price: 1.258 GBX

AIM:THR
Market: AIM
Market Cap: £18.11 m
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