The directors of Thor Energy Plc (AIM, ASX: THR) are pleased to announce the commencement of drilling at the Company’s 100% owned Wedding Bell and Radium Mountain Projects.
HIGHLIGHTS
- The 4,000m drilling program will target mineralisation along strike of the Rim Rock and Groundhog mines, focus on testing airborne uranium anomalies, and continue assessing the under-explored Section 23 area.
- Downhole gamma surveys to be conducted throughout the program, providing market updates with uranium results, as they become available.
- Uranium spot price has hit a 12-year high of US$73/lb, with the year-to-date price rising 51.88%
RC drilling has now commenced at our Wedding Bell and Radium Mountain uranium projects, starting at Section 23 prospect, followed by Groundhog and Rim Rock prospects.
We will be downhole gamma logging regularly throughout the program, so we look forward to updating the markets as these uranium results become available.
Thor is encouraged by the growth opportunities in the uranium sector, with the uranium spot price at a 12-year high, supported by strong supply and demand fundamentals. This aligns with our strategic focus on energy metals and our commitment to advancing our USA uranium projects.
ABOUT THE
URANIUM-VANADIUM PROJECTS
LATEST
NEWS
Successful Uranium Drilling Program Completed, USA
The shallow RC drilling program is now complete at priority prospects; Section 23, Rim Rock Mine and
Groundhog.
Significant Uranium Mineralisation Intercepted
Significant uranium has been intercepted in drilling at Thor’s 100% owned Wedding Bell and Radium Mountain Projects
Investor Presentation – Investor Meets Company (November 2023)
Thor Energy Plc is pleased to provide investors a chance to view the presentation titled “New Green Economy: Uranium Focus”, delivered by Nicole Galloway Warland, Managing Director on the 2nd of November 2023.
Uranium Drilling Commences at Wedding Bell and Radium Mountain Projects
Thor Energy Plc (AIM, ASX: THR) is pleased to announce the commencement of drilling at the Company’s 100% owned Wedding Bell and Radium Mountain Projects in the USA
Equity Placing to Accelerate Uranium Drilling
Thor Energy Plc has completed a successful capital raise of AUD$1m to accelerate exploration activities at the Company’s 100% owned uranium assets, located in the historic uranium-vanadium mining district within the Uravan Mineral Belt, in Colorado and Utah, USA
Uranium Drilling Approvals Granted
All approvals have been granted for drilling at the Wedding Bell and
Radium Mountain Projects, located in the historic uranium-vanadium mining district within the Uravan
Mineral Belt, southwest Colorado, USA