REG - Thor Energy PLC - External Investment into EnviroCopper Limited

Thor EnergyAnnouncement

Mon 07:00

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RNS Number : 8413E  Thor Energy PLC  27 October 2025

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

 

27 October 2025

Thor Energy PLC

 

("Thor" or the "Company")

 

External Investment of A$3.5m into EnviroCopper Limited and its South
Australian ISR Copper Projects

 

Agreement for Future Equity and Collaboration Signed

 

Thor Energy plc (AIM, ASX: THR, OTCQB: THORF) is pleased to report the signing
of an agreement for Future Equity and Collaboration ("the Agreement") between
private company EnviroCopper Limited ("ECL"), in which Thor is the largest
individual shareholder at just over 24%, and an international company ("the
Investor"). The Investor has agreed to invest A$3.5m into ECL's ISR (in-situ
recovery) technology and its Kapunda and Alford copper projects in South
Australia.

 

Highlights:

·    Investor to fund A$3.5m to collaborate on ECL's projects and ISR
technologies.

 

·    Investor may elect to convert the A$3.5m investment into 972,222
shares in ECL at A$3.60 per share.

 

·    Thor owns 1,157,143 shares in ECL.

 

Alastair Clayton, Chairman, commented:

"We are delighted to report that the investee company ECL has attracted a
significant investment and formed a collaborative partnership with a large
international company that has requested, for commercial reasons, to stay
unnamed for the time being. This agreement gives me great optimism about the
future value of our investment. We look forward to reporting on ECL's progress
at the Kapunda and Alford ISR Copper projects in South Australia."

 

About EnviroCopper Limited

ECL was established in 2017 and is a copper ISR specialist focused on its
Kapunda and Alford West ISR projects in South Australia. ECL's specialist team
has significant experience in copper ISR technology development. Through
collaboration with leading universities and research institutions under a
Commonwealth Government CRC-P Research grant in 2018, ECL is achieving
successful outcomes in ISR mining study economics, environmental mitigation
and community acceptance of this extension to existing ISR technology.

For more information, please see: https://www.envirocopper.com.au/
(https://www.envirocopper.com.au/)

 

Corporate Focus Remains on HY-Range

Whilst looking to monetise much of our legacy portfolio, the corporate focus
of Thor Energy remains on its HY-Range natural hydrogen and helium project in
South Australia. The transaction represents a means by which Thor can monetise
the value of its interest in its non-core projects.

 

-ENDS-

 

The Board of Thor Energy Plc has approved this announcement and authorised its
release.

 

For further information on the Company, please visit the website
(https://thorenergyplc.com/)  or please contact the following:

Thor Energy PLC

Andrew Hume, Managing Director

Alastair Clayton, Non-Executive Chairman

Rowan Harland, Company Secretary

Tel: +61 (8) 6555 2950

 

Zeus Capital Limited (Nominated Adviser and Joint Broker)

Antonio Bossi / Darshan Patel / Gabriella Zwarts

Tel: +44 (0) 203 829 5000

 

SI Capital Limited (Joint Broker)

Nick Emerson

Tel: +44 (0) 1483 413 500

 

Yellow Jersey (Financial PR)

Dom Barretto / Shivantha Thambirajah / Bessie Elliot

thor@yellowjerseypr.com

Tel: +44 (0) 20 3004 9512

 

About Thor Energy Plc

The Company is focused on hydrogen and helium exploration, which are crucial
in the shift to a clean energy economy, with a portfolio that also includes
uranium and other energy metals. For further information on Thor Energy and to
see an overview of its projects, please visit the Company's website at
www.thorenergyplc.com (http://www.thorenergyplc.com)

 

 

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