Thor Energy plc (LON:THR) has announced the Company’s results for the six months ended 31 December 2024.
The Company’s Half Year Report was also lodged with the Australian Stock Exchange as required under the listing rules of the ASX.
Thor Energy publishes half-year report
- Written by: Amilia Stone
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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.
Thor Energy’s soil geochemistry survey at HY-Range licence 802 in South Australia recorded hydrogen up to 3 000 ppm and helium to 27 ppm, defining four high-grade focus areas for exploration.
Thor Energy plc's subsidiary, Go Exploration, has accepted an offer for three Gas Storage Exploration Licences in South Australia, bolstering its energy strategy.
Thor Energy plc has successfully completed a crucial soil air geochemical survey at its HY-Range project in South Australia, advancing its natural hydrogen and helium exploration efforts.
