# Thor Energy signs term sheet to sell Molyhil Project stake for A$8.75m

- Link: https://www.directorstalkinterviews.com/thor-energy-signs-term-sheet-to-sell-molyhil-project-stake-for-a8-75m/4121216430
- Published: 2025-09-16T07:05:00+01:00
- Author: Amilia Stone

**[Thor Energy](https://www.directorstalkinterviews.com/company/thor-energy-plc/thr.l)
plc **(LON:THR, ASX: THR, OTCQB: THORF) has announced the signing of a term sheet
with ASX-listed Tivan Limited (ASX: TVN) to sell the tenements and associated mining
information comprising the FRAM Joint Venture, which holds the Molyhil Tungsten/
Molybdenum/Copper Project in the Northern Territory, Australia. Thor holds 75% of
the FRAM JV via its subsidiary Molyhil Mining Limited with ASX-Listed Investigator
Resources Limited (ASX: IVR) holding the remaining 25%.

**Highlights:**

·    Upon completion of the sale of the FRAM JV, total consideration of A$8,750,000
will be payable, with 75% (A$6,562,500) to Thor via its subsidiary Molyhil.

·      60% of total consideration is payable within approx.12 months from execution
of this Term Sheet.

·      Three successive annual deferred completion payments, payable in cash, shares
or a combination at Tivan’s election.

·      Significant, non-dilutionary boost to Thor’s cash position, which, together
with the recent Metals One^(1/2) and DISA^(3) Uranium transactions, strengthens 
the Company’s position to advance its core HY-Range natural hydrogen and helium 
project in South Australia.

·    The parties will now move to meet certain conditions precedent to achieve completion
in a timely manner, with an indicative target of December 2025.

| ** ** | **Estimated Date\*** | **THOR 75%** | **IVR 25%** | 
| **Cash Non-Refundable Exclusivity (60 days)** | Sep-25 | **$             375,000** | $             125,000 | 
| **Cash Completion Payment** | Dec-25 | **$        2,250,000** | $             750,000 | 
| **Initial Deferred Completion Payment** | Sep-26 | **$        1,312,500** | $             437,500 | 
| **Second Deferred Completion Payment** | Sep-27 | **$        1,312,500** | $             437,500 | 
| **Final Deferred Completion Payment** | Sep-28 | **$        1,312,500** | $             437,500 | 
|  |  |  |  | 
|  |  | **$     6,562,500** | $     2,187,500 |

^([1]) ASX “Term Sheet to Sell 75% of Non-Core US Uranium Claims” 24 July 2025

^(2) ASX “Thor Completes Sale of 75% of Non-Core US Uranium Claims” 12 August 2025

^(3 ) ASX “Term Sheet Signed to Process Uranium & Critical Metals” 3 September 2025

*  All Estimated Dates are the Company’s best estimates and are subject to change.

> **Alastair Clayton, Thor Energy Chairman, commented:**
> _“I am delighted to announce the Term Sheet executed with Tivan today. The Molyhil
> Project requires, amongst other things, specific sector expertise and a significant
> balance sheet to unlock the potential of the Project, of which Tivan has both.
> Then there are the obvious synergies with Tivan’s Sandover Project to the NE of
> Molyhil._
> _“For Thor shareholders, the monetisation of Molyhil means a significant inflow
> of cash to the Company over the next 12 months and beyond. This means more resources
> to advance Hy-Range and less dilution to achieve this._
> _“We look forward to working with Tivan and our FRAM JV partner Investigator to
> achieve completion as soon as practicably possible.”_

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