Thor Mining shares gain as it buys 25% stake in lithium explorer from Pembridge Resources
Thor Mining expects to benefit from the fact that lithium is a key ingredient in batteries that power smartphones, laptops and electric
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LON:THR
Thor Energy PLC is an exploration company with a focus on uranium and energy metals that are crucial in the shift to a ‘green’ energy economy. The company has a number of highly prospective projects that give shareholders exposure to uranium, nickel, copper, lithium and gold. Thor Energy's projects are located in Australia and the USA, both of which are top mining jurisdictions, and are poised for discovery success.
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Thor Mining expects to benefit from the fact that lithium is a key ingredient in batteries that power smartphones, laptops and electric
Thor Mining's Dundas project is located near the Albany-Fraser belt, which hosts a number of gold discoveries including the Tropicana deposit
Some of the main risers and fallers in London at 3.45pm
"Importantly, the grade of mineralisation at Pilot Mountain is relatively high and this underpins the robust nature of the project."
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Tlou Energy Limited (LON:TLOU) highlighted the progress made with the group’s Lesedi coal bed methane (CBM) project, in Botswana, for the quarter ended March 31.
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A glance at some of the stories on the Proactive newswire today
There were also strong zinc shows in the six holes not reported in exploration by previous owners.
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A glance at some of the stories on the Proactive newswire today
Metal Tiger plc is a major shareholder in Thor holds over 34mln shares in Thor, or 9.24% of the capital.
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A look at the week’s highlighted news for the junior miners
The company owns the Pilot Mountain tungsten project in the US state of Nevada
Thor Mining is now cashed up and drilling at Pilot Mountain, and results are starting to come in
Drilling on the second of two holes at Pilot Mountain has hit thick intercepts of mineralisation
Some of the largest rises and falls in London at 15:45pm: Urals Energy, Acacia Mining, Vela Technologies
The FTSE 100 was down 32 points to 7,342 shortly after 3.15pm on Monday
Some of the largest rises and falls in London at 3.20pm included Wey Education, Rosslyn Data Technologies, Thor Mining
A lot of drilling has been done on the Pilot Mountain tungsten project down the years; Thor is looking to drill some more to prepare a resource estimate and, hopefully, extend the mineralisation