ASX-listed Thor Energy hits over 1-year high on deal to process uranium

Thor Energy

04/09/2025 01:36

** ASX-listed shares of Thor Energy THR.AX rise as much as 90% to A$0.019 to hit their highest level since July 12, 2024; last up 40%

** Uranium explorer heading for best day since October 2020, if gains hold

** Co signs term sheet with private equity-backed DISA Technologies

** Co to evaluate and process uranium waste dumps at Colorado project in the U.S. to recover saleable uranium and other critical minerals concentrates

** About 16.7 million shares change hands, 28.6 times the 30-day average

** Stock up ~7% this year, including the day's move, vs loss of ~23% on Wednesday's close

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com))