REG - Thor Mining PLC - Name change to "Thor Energy Plc"

Thor EnergyAnnouncement

17/01/2023 07:00

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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 (http://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 (http://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 gold¹.

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.²³

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 $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.⁵
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
(http://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
(http://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
(http://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
(http://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
(http://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
(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 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 / 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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