THR - Thor Energy

Telamelo said:

Thor Energy THR announcement

View attachment 162668

Click to expand...

THR market cap: $11m

The company has three projects within a historic high-grade uranium-vanadium mining district in Colorado, known as the Uravan mineral belt, which has produced +85 million pounds of uranium oxide and 660 million pounds of vanadium over the past 100 years.

THR just raised $1M via a placement at $0.042c per share to kick off a 4,000m RC drilling program at the Radium Mountain/Wedding Bell project in Colorado, followed by a maiden drilling campaign at Vanadium King project in Utah.

The drilling is expected to commence later this month.

*excerpt from stockhead article 22/09

THR @ 0.045c +4.65% *awaiting commencement of Uranium drilling any day now

(Annual report scheduled by or before 6th Oct according to market index website)

This morning's announcement per below

Thor Energy PLC, down 3.8% at 1.01p, 12-month range 1.00p-3.02p. The US and Australia-focused mineral exploration company says its shares have halted trading on the Australian Securities Exchange. This is to facilitate a limited capital raising to accelerate its exploration activities, particularly over its "priority" uranium assets. Thor Energy says the capital raised will complement its existing working capital and support ongoing exploration efforts. The trading halt will remain in place until the earlier of Monday next week or a further announcement on the capital raise.
Live long term chart: https://uk.advfn.com/p.php?pid=staticchart&s=L^THR&p=9&t=1

The estimate showed a 150 per cent increase in tonnes and a 20 per cent increase in the grade of tungsten trioxide (WO3) compared to Thor’s previous mineral resource estimate (MRE) completed in 2021.
Chart: https://walletinvestorstorage.b-cdn.net/forecast-graphs/d1/stock-thr-stock-forecast.png?v=1716870315