Thor Energy PLC (LON:THR) is a leading exploration company focused on natural hydrogen and helium, with a significant footprint in the highly prospective South Australian region.
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Thor Energy has reported audited results for the year ended 30 June 2025, marking a major strategic shift to natural hydrogen and helium exploration in South Australia.
Thor Energy has signed a term sheet with Tivan Limited to sell its 75% interest in the FRAM Joint Venture, which holds the Molyhil Tungsten, Molybdenum and Copper Project in Australia. The deal, valued at A$8.75 million, will provide Thor with a non-dilutive cash boost to support development of its HY-Range hydrogen and helium project in South Australia.
Using DISA’s patented High-Pressure Slurry Ablation system, the partnership aims to recover saleable uranium and critical minerals without capital or operating costs to Thor, while also improving environmental conditions at legacy sites.
Thor Energy to be issued 14,224,751 shares in Metals One PLC at a deemed 15 Day VWAP of 7.03 pence per share
Thor Energy has reported significant progress for the quarter ending 30 June 2025, highlighting successful geochemical results at the HY-Range hydrogen and helium project, the award of gas storage exploration licences in South Australia, and a strategic term sheet to divest 75% of its US uranium assets.
Thor Energy has agreed a term sheet to sell 75% of its US uranium and vanadium subsidiaries to Met1 for a £100,000 exclusivity fee and £1 million in stock, retaining a 25% interest.
