TIDMTHR
RNS Number : 8759M
Thor Mining PLC
17 January 2023
Thor Mining plc
("Thor" or the "Company")
Name change to "Thor Energy Plc"
The directors of Thor Mining Plc ("Thor" or the "Company") (AIM,
ASX: THR, OTCQB: THORF) are pleased to announce its change of name
to Thor Energy Plc. The name change reflecting the Company's
exploration focus on its uranium and energy metals projects in
Australia and USA.
Following the passing of Resolution 6 at the General Meeting of
Shareholders held on 4 January 2023, the change of name to Thor
Energy Plc has now been registered at Companies House and will take
effect on the Altern of the London Stock Exchange from the
commencement of trading on 18 January 2023.
The Company's TIDM, THR.L, will remain unchanged as will its
ISIN (GB00BD0NBV71), SEDOL (BD0NBV7) and LEI (213800WO61Y9GPALD478)
numbers.
The Company's website address (including the information
required by AIM Rule 26) is now www.thorenergyplc.com .
Shareholders will be unaffected by the change of name, and
existing share certificates should be retained and remain
valid.
Nicole Galloway Warland, Managing Director of Thor Energy,
commented:
"The shift to 'Thor Energy Plc' reflects the focus on our
uranium and energy metals projects in the USA and Australia. With
the move to regionally and nationally secure supply chains in the
nuclear and battery metals industries, Thor is well placed to
leverage off is North American and Australian portfolios.
We look forward to kicking off our 2023 exploration programmes
with geophysics and drilling planned at Wedding Bell and Radium
Mountain uranium projects in Colorado and a maiden drilling program
at Vanadium King Project, Utah".
Updates on the Company's activities are regularly posted on
Thor's website www.thorenergyplc.com which includes a facility to
register to receive these updates by email, and on the Company's
twitter page @ThorEnergyPlc.
About Thor Energy PLC
Thor Energy PLC (AIM, ASX: THR; OTCQB: THORF) is a uranium and
energy metals resource company quoted on the AIM Market of the
London Stock Exchange, ASX in Australia and OTCQB Market in the
United States.
The Company is focused on uranium and energy metals that are
crucial in the shift to a 'green' energy economy. Thor has a number
of highly prospective projects that give shareholders exposure to
uranium, nickel, copper, lithium and gold. Our projects are located
in Australia and the USA.
Thor holds 100% interest in three uranium and vanadium projects
(Wedding Bell, Radium Mountain and Vanadum King) in the Uravan Belt
Colorado and Utah, USA with historical high-grade uranium and
vanadium drilling and production results.
Thor owns 100% of the Ragged Range Project, comprising 92 km(2)
of exploration licences with highly encouraging early-stage gold
and nickel results in the Pilbara region of Western Australia, with
follow up drilling planned for 2022.
At Alford East in South Australia, Thor is earning an 80%
interest in oxide copper deposits considered amenable to extraction
via In Situ Recovery techniques (ISR). In January 2021, Thor
announced an Inferred Mineral Resource Estimate of 177,000 tonnes
contained copper & 71,000 oz gold(1).
Thor also holds a 30% interest in Australian copper development
company EnviroCopper Limited, which in turn 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 and the
Alford West copper project, both situated in South Australia, and
both considered amenable to recovery by way of ISR.(2)(3)
Thor holds 100% of the advanced Molyhil tungsten project,
including measured, indicated and inferred resources , in the
Northern Territory of Australia, which was awarded Major Project
Status by the Northern Territory government in July 2020. Thor
executed a $8m Farm-in and Funding Agreement with Investigator
Resources Limited (ASX: IVR) to accelerate exploration at the
Molyhil Project on 24(th) November 2022.(6)
Adjacent to Molyhil, at Bonya, Thor holds a 40% interest in
deposits of tungsten, copper, and vanadium, including Inferred
resource estimates for the Bonya copper deposit, and the White
Violet and Samarkand tungsten deposits. Thor's interest in the
Bonya tenement EL29701 is planned to be divested as part of the
Farm-in and Funding agreement with Investigator Resources
Limited.(6)
Notes
(1)
www.thormining.com/sites/thormining/media/pdf/asx-announcements/20210127-maiden-copper.gold-estimate-alford-east-sa.pdf
(2)
www.thormining.com/sites/thormining/media/pdf/asx-announcements/20172018/20180222-clarification-kapunda-copper-resource-estimate.pdf
(3)
www.thormining.com/sites/thormining/media/aim-report/20190815-initial-copper-resource-estimate---moonta-project---rns---london-stock-exchange.pdf
(4)
www.thormining.com/sites/thormining/media/pdf/asx-announcements/20210408-molyhil-mineral-resource-estimate-updated.pdf
(5)
www.thormining.com/sites/thormining/media/pdf/asx-announcements/20200129-mineral-resource-estimates---bonya-tungsten--copper.pdf
(6)
https://thormining.com/wp-content/uploads/2022/11/20221124-8M-Farm-in-Funding-Agreement.pdf
For further information, please contact:
Thor Mining PLC
Nicole Galloway Warland, Managing Director Tel: +61 (8) 7324
Ray Ridge, CFO / Company Secretary 1935
Tel: +61 (8) 7324
1935
WH Ireland Limited (Nominated Adviser Tel: +44 (0) 207
and Joint Broker) 220 1666
Antonio Bossi / Darshan Patel / Megan Liddell
SI Capital Limited (Joint Broker) Tel: +44 (0) 1483
413 500
Nick Emerson
Yellow Jersey (Financial PR) thor@yellowjerseypr.com
Sarah Hollins / Henry Wilkinson Tel: +44 (0) 20
3004 9512
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END
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