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Thor Energy Plc (ASX:THR)

ALERT: Price-sensitive ASX Announcement for THR
Current share price for THR : $0.010 -0.001 (-5%)+
Announcement
Release
29 Apr 2026 9:02AM
Price at Release
$0.010
Full Release
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Summary
Thor Energy Plc reported on its activities for the first quarter of 2026, highlighting significant achievements and strategic moves. The company completed the sale of the Molyhil Tungsten-Molybdenum Project, which resulted in a substantial non-dilutive capital injection of A$6.56 million. Thor focused on its HY-Range Project, successfully conducting a Phase 2 soil air geochemistry survey to confirm natural hydrogen findings and preparing for a 2D seismic survey. Additionally, Thor expanded its exploration footprint by securing two joint ventures in the Otway Basin with H2EX. Financially, the company reported net cash outflows of $1,689,000 for the quarter, ending with a cash balance of $3,314,000.
Key Points
  • Thor Energy completed the sale of the Molyhil Project for A$6.56 million.
  • Phase 2 soil air geochemistry survey completed at HY-Range Project.
  • Secured new joint ventures in the Otway Basin with H2EX.
  • Net cash outflows for the quarter were $1,689,000.
  • Cash balance at the end of the quarter was $3,314,000.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.