Thor Mining has the perfect commodities portfolio for today’s complicated geopolitical situation: gold, copper, uranium and lithium
The Thor assets are all located in safe mining jurisdictions
Company
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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The Thor assets are all located in safe mining jurisdictions
Spot uranium prices are close to an 11-year high and potential US sanctions on Russian uranium imports have increased focus in the US on domestic supply
"The testing of these new targets in conjunction with the continuation of drilling of further gold exploration targets at the Sterling Prospect, has the potential for significant exploration discoveries," said managing director Nicole Gallo
Thor ``has a strong pipeline of news flow expected in the coming months, and project milestones across the portfolio,’’ MD says.
Thor also reported positive gold and copper recovery results from trials using an environmentally friendly glycine as the principal reagent
Details of the upcoming drill programme at Ragged Range are currently being finalised
Thor has a significant portfolio of exploration assets in Australia and North America
For the variation, Power Metal will pay Thor £50,000.00 in cash and issue it 4mln new shares
Samso believes that the ISR potential should be the company's main focus and the creation of a Green Copper story is achievable.
Trading in Thor shares on the ASX will resume on Wednesday
Thor has made progress on the Ragged Range gold project, the Alford East copper-gold project and the Molyhil tungsten-molybdenum-copper project since its last capital raising
“This is a significant milestone for the Kapunda ISR Project, which Thor is delighted to be a part of”
Thor Mining has a diverse portfolio of assets and plenty of experience in tungsten exploration
Molyhil is located 220 kilometres north-east of Alice Springs, and already boasts a 4.4 million tonne tungsten, molybdenum and copper resource
Thor is now progressing with the completion of the Stage 2 earn in, which will result in Thor having an 80% interest
“With exciting advancement expected across our portfolios during the remainder of 2021 and into 2022, we thank our shareholders for their continued support and look forward to updating them on our progress in due course," said managing dire
Molyhil already boasts a significant tungsten and molybdenum resource
“This sale is also the right mix of cash and shares to provide ongoing exposure to the Pilot Mountain project"
“This is positive news as we progress the project towards ISR assessment and development of an environmentally, low carbon emission alternative to conventional open cut and underground mining," said managing director Nicole Galloway Warland
Thor has completed stream sediment programmes and an airborne magnetic survey at Ragged Range, defining a 13km gold anomalous corridor called the Sterling prospect