REG - Thor Energy PLC - Director/PDMR Shareholding

Thor EnergyAnnouncement

28/06/2024 12:15

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RNS Number : 3912U  Thor Energy PLC  28 June 2024

28 June 2024

Thor Energy Plc

 

("Thor" or the "Company")

 

Director/PDMR Shareholding

 

The Directors of Thor Energy Plc (AIM, ASX: THR) announce that two directors,
Nicole Galloway Warland and Alastair Clayton (the "Directors"), have increased
their interests in Company.

 

The change in the Director's interest follows the allotment of ordinary shares
of of 0.1p each ("Ordinary Shares") (traded as CDI's on the ASX) for A$0.013
per Ordinary Share and unlisted options (exercise price A$0.026, expiring 27
June 2027) on the basis of one free attaching option for every two Ordinary
Shares. The Ordinary Shares were subscribed for as part of the placing of
100,000,000 new Ordinary Shares announced on 13 May 2024 (the "Placing").
The Directors participated in the Placing on the same terms as other
investors.  The participation by the Directors in the Placing was approved by
shareholders at the recent General Meeting held 20 June 2024.

 

 Director/PDMR            Number of ordinary shares traded as CDI's acquired  Resultant number of CDI's held  Resultant Percentage Share of Issued Capital  Number of options acquired  Resultant number of options and performance shares
 Nicole Galloway Warland  1,000,000                                           1,325,000                       0.35%                                         500,000                     3,700,000
 Alastair Clayton         7,692,308                                           7,692,308                       2.03%                                         3,846,154                   5,146,154

 

 

The relevant details are provided in the notification below, made in
accordance with the requirements of the EU Market Abuse Regulation.

 

- Ends -

 

For further information, please contact:

 

 Thor Energy Plc
 Nicole Galloway Warland, Managing Director               Tel: +61 (8) 7324 1935

 Ray Ridge, CFO / Company Secretary                       Tel: +61 (8) 7324 1935
 WH Ireland Limited (Nominated Adviser and Joint Broker)  Tel: +44 (0) 207 220 1666
 Antonio Bossi / Darshan Patel / Isaac Hooper
 SI Capital Limited (Joint Broker)                        Tel: +44 (0) 1483 413 500
 Nick Emerson
 Yellow Jersey (Financial PR)                             thor@yellowjerseypr.com
 Dom Barretto / Shivantha Thambirajah / Bessie Elliot     Tel: +44 (0) 20 3004 9512

 

About Thor Energy Plc

The Company is predominantly focused on uranium and energy metals that are
crucial in the shift to a 'green' energy economy. Thor has several highly
prospective projects that give shareholders exposure to uranium, vanadium,
copper, tungsten, lithium, nickel and gold, located in the favourable mining
jurisdictions of Australia and the USA.

Thor holds 100% interest in three uranium and vanadium projects (Wedding Bell,
Radium Mountain and Vanadium King) in the Uravan Belt region of Colorado and
Utah, with historical high-grade uranium and vanadium drilling and production
results.

At Alford East in South Australia, Thor has earnt 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
Estimate¹.

Thor also holds a 26.3% interest in a private Australian copper development
company EnviroCopper Limited (ECL), which Kapunda copper mine and the Alford
West copper project, both situated in South Australia, and both considered
amenable to recovery by way of ISR.²³ Alligator Energy recently invested
A$0.9M for a 7.8% interest in ECL with the rights to gain a 50.1% interest by
investing a further A$10.1m over four years.

Thor holds 100% of the advanced Molyhil tungsten project, including measured,
indicated and inferred resources⁴, in the Northern Territory of Australia,
which was awarded Major Project Status by the Northern Territory government in
July 2020. Thor executed a A$8m Farm-in and Funding Agreement with
Investigator Resources Limited (ASX: IVR) to accelerate exploration at the
Molyhil Project on 24 November 2022.(5)

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.

For further information on Thor Energy and to see an overview of its projects,
please visit the Company's website at https://thorenergyplc.com/
(https://thorenergyplc.com/) .

 

Notes

(1) https://thorenergyplc.com/investor-updates/maiden-copper-gold-mineral-resource-estimate-alford-east-copper-gold-isr-project/

(2) www.thorenergyplc.com/sites/thormining/media/pdf/asx-announcements/20172018/20180222-clarification-kapunda-copper-resource-estimate.pdf
(http://www.thormining.com/sites/thormining/media/pdf/asx-announcements/20172018/20180222-clarification-kapunda-copper-resource-estimate.pdf)

³ www.thorenergyplc.com/sites/thormining/media/aim-report/20190815-initial-copper-resource-estimate---moonta-project---rns---london-stock-exchange.pdf
(http://www.thormining.com/sites/thormining/media/aim-report/20190815-initial-copper-resource-estimate---moonta-project---rns---london-stock-exchange.pdf)

(4) https://thorenergyplc.com/investor-updates/molyhil-project-mineral-resource-estimate-updated/

(5)https://thorenergyplc.com/wp-content/uploads/2022/11/20221124-8M-Farm-in-Funding-Agreement.pdf
(https://thorenergyplc.com/wp-content/uploads/2022/11/20221124-8M-Farm-in-Funding-Agreement.pdf)

The Company notes that for the relevant market announcements noted above, that
it is not aware of any new information or data that materially affects this
information and that all material assumptions and technical parameters
underpinning any estimates continue to apply and have not materially changed.

 

 

Notification of Transactions of Persons Discharging Managerial Responsibility
and Persons Closely Associated with them

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Nicole Galloway Warland
 2    Reason for the notification
 a)   Position/status                                              Managing Director
 b)   Initial notification /Amendment                              Initial notification
 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Thor Energy Plc
 b)   LEI                                                          213800WO61Y9GPALD478
 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted
 a)   Description of the financial instrument, type of instrument  Ordinary shares of 0.1 pence each and options over Ordinary shares

      Identification code                                          GB00BRJ52319

 b)   Nature of the transaction                                    Participation in a placement

 .c)  Price(s) and volume(s)

                                                                                      Price(s)           Volume(s)
      Ordinary Shares                                                                 AUD 0.013          1,000,000
      Options over Ordinary Shares                                                    Nil                500,000

 d)   Aggregated information

                                                                   Ordinary Shares
      - Aggregated volume                                          1,000,000
      - Price                                                      AUD 13,000

                                                                   Options over Ordinary Shares
      - Aggregated volume                                          500,000
      - Price                                                      Nil

 e)   Date of the transaction                                      27 June 2024
 f)   Place of the transaction                                     Australian Securities Exchange (ASX)

 

 

Notification of Transactions of Persons Discharging Managerial Responsibility
and Persons Closely Associated with them

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Alastair Clayton
 2    Reason for the notification
 a)   Position/status                                              Non-Executive Director (Chair)
 b)   Initial notification /Amendment                              Initial notification
 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Thor Energy Plc
 b)   LEI                                                          213800WO61Y9GPALD478
 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted
 a)   Description of the financial instrument, type of instrument  Ordinary shares of 0.1 pence each and options over Ordinary shares

      Identification code                                          GB00BRJ52319

 b)   Nature of the transaction                                    Participation in a placement

 .c)  Price(s) and volume(s)

                                                                                      Price(s)           Volume(s)
      Ordinary Shares                                                                 AUD 0.013          7,692,308
      Options over Ordinary Shares                                                    Nil                3,846,154

 d)   Aggregated information

                                                                   Ordinary Shares
      - Aggregated volume                                          7,692,308
      - Price                                                      AUD 100,000

                                                                   Options over Ordinary Shares
      - Aggregated volume                                          3,846,154
      - Price                                                      Nil

 e)   Date of the transaction                                      27 June 2024
 f)   Place of the transaction                                     Australian Securities Exchange (ASX)

 

 

 

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