Thor Mining promotes exploration manager Galloway Warland to managing director
Mick Billing to relinquish the role of chief executive, but remain as executive chairman
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.
622 stories · page 8 of 32
Mick Billing to relinquish the role of chief executive, but remain as executive chairman
Gold grades of up to 2.2 grammes per tonne were previously reported from stream sediment samples
"With uranium prices at current levels, we are pleased to be in a position to commence drilling at our Colorado uranium-vanadium project once permitting is complete,” said executive chairman Mick Billing
Share trading on OTCQB platform will improve access for US institutional and retail investors
The company ended 2020 with a cash balance of £685,000 and has subsequently raised £750,000 via a share placement
Samso believes Thor Mining’s ISR copper project in South Australia is going to re-rate the company and the market is going to be taken by surprise.
For the first quarter of the year, the company said a program of field sampling and drill access permitting its planned for its Ragged Range gold project in Western Australia, as well as an initial 3,000-metre drill program at the site
The explorer said the project in South Australia is estimated to contain 177,000 tonnes of copper and 71,500 ounces of gold
The company has extensive experience of exploration in Australia and elsewhere
Thor has been spreading its wings and acquiring new assets lately
The company has an extensive portfolio of assets in Australia and elsewhere
“Next steps will consist of detailed soil sampling over this, with reconnaissance soil sampling over the other shallow magnetic anomalies."
Thor has a diverse portfolio of assets across multiple jurisdictions
Thor Mining has a diverse portfolio of assets across multiple jurisdictions
The newly added project hosts multiple 'walk up' drill-ready targets.
"This additional investment in EnviroCopper represents outstanding value for Thor and Thor investors,” said chairman Mick Billing
The company is acquiring up to 30% interest in EnviroCopper, which holds rights to earn up to a 75% interest in the mineral rights and claims over the resource on the portion of the historic Kapunda Copper Mine in South Australia.
"We are very pleased with the high-grade assays from the initial sampling program," said chief executive Mick Billing
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
It is the latest in a positive step for the early stage gold exploration project