28 October
2024
Thor Energy
plc
("Thor" or
the "Company")
ASX Trading
Halt
The Directors of Thor Energy plc
advise that trading in the shares of the Company have been halted
on the Australian Securities Exchange ("ASX") effective from Monday
28 October 2024, in accordance with ASX Listing Rules.
As noted in the Company's
announcement on 25 October 2024, this trading halt was requested by
the Company whilst it is in the process of
finalising a binding acquisition agreement.
The ASX trading halt will remain in
place until the earlier of the commencement of trading on Wednesday
30 October 2024 or the release of an announcement by the Company in
relation to the acquisition.
The Board of Thor Energy PLC has approved
this announcement and authorised its release.
For further
information on the Company, please visit
the website or please contact the
following:
Thor
Energy PLC
Alastair Clayton, Executive
Chairman
Ray Ridge, CFO / Company
Secretary
Tel: +61 (8) 7324 1935
Zeus
Capital Limited (Nominated Adviser and Joint
Broker)
Antonio Bossi / Darshan Patel / Isaac
Hooper
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 predominantly focused
on uranium and energy metals that are crucial in the shift to a
'clean' 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
Estimate.
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. 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 75% interest (with
Investigator Resources 25%) of the advanced Molyhil tungsten
project, including measured, indicated and inferred resources, in
the Northern Territory of Australia, which was awarded Major
Project Status by the Northern Territory government in July
2020.
Thor owns 100% of the Ragged Range
Project, comprising 92 km2 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/.