Thor Energy, primarily known for its exploration work in hydrogen and helium markets, has secured a formal arrangement with DISA Technologies to tap into mine‑waste streams across its Colorado claims.
Under the deal, DISA is licensed by the U.S. Nuclear Regulatory Commission to deploy its patented high‑pressure slurry ablation (HPSA) methodology at abandoned uranium waste sites. DISA will shoulder all upfront capital and operational costs, while Thor will receive a share of gross revenues, specifically between 2.5 % and 4 % of product sales (uranium plus other minerals) depending on market conditions.This structure allows Thor to gain exposure to resource recovery without taking on direct cost or operational risk.
From a strategic perspective, Thor’s move achieves three things: it converts previously non‑productive or remediation‑only liabilities into potential revenue streams; it does so with minimal incremental cost to Thor; and it aligns the company with a growing niche of resource recovery from mine waste, something that could attract interest from funds focused on circular economy, environmental remediation and critical‑minerals supply.
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.
