Thor Mining PLC (LON:THR)(ASX:THR) lost £920,000 in the year to June 2020. As at 30 June the company had £233,000 in the bank, although a subsequent placing in September raised just over £1mln.
Thor holds 100% of the advanced Molyhil tungsten project in the Northern Territory of Australia, as well as the adjacent Bonya project, which hosts tungsten, copper, and vanadium.
Thor also holds 100% of the Pilot Mountain tungsten project in Nevada, and a 25% interest Australian copper development company EnviroCopper Ltd.
Separately, Thor has also issued 7.5mln new warrants under an employee incentive scheme.