Thor Energy (THR)

Sector:

Mining

Index:

FTSE AIM All-Share

 1.30p
   
  • Change Today:
      0.000p
  • 52 Week High: 2.35
  • 52 Week Low: 0.17
  • Currency: UK Pounds
  • Shares Issued: 278.61m
  • Volume: 42,665
  • Market Cap: £3.62m
  • RiskGrade: 401

Thor Mining launches drilling programme at Colorado assets

By Iain Gilbert

Date: Monday 26 Sep 2022

LONDON (ShareCast) - (Sharecast News) - Diversified resource company Thor Mining has commenced drilling at its 100% owned Wedding Bell and Radium Mountain projects, located in the historic uranium-vanadium mining district of southwest Colorado.
Thor Mining said on Monday that it had launched its 2,000-metre maiden drill campaign, which will focus its efforts on the Rim Rock, Groundhog, and Section 23 prospects.

The drilling will specifically target a prospective "Salt Wash" horizon of sandstone-hosted uranium and vanadium mineralisation, which it expects to encounter at shallow depths of roughly 80 metres.

At Rim Rock and Groundhog, Thor will also look for potential extensions to high-grade uranium and vanadium mineralisation discovered in samples taken from historic workings.

Managing director Nicole Galloway Warland said: "Commencement of drilling at the Wedding Bell Project is a significant milestone for Thor. We look forward to testing these shallow, high-grade targets, especially Section 23, where Thor will be the first company to access and drill test this highly prospective area.

"As uranium prices rise and the US looks to secure domestic uranium supply, Thor is in an excellent position to advance this promising US asset."

As of 1345 BST, Thor Mining shares had slumped 16.33% to 0.50p.



Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Thor Energy Market Data

Currency UK Pounds
Share Price 1.30p
Change Today 0.000p
% Change 0.00 %
52 Week High 2.35
52 Week Low 0.17
Volume 42,665
Shares Issued 278.61m
Market Cap £3.62m
RiskGrade 401

Thor Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
39.81% above the market average39.81% above the market average39.81% above the market average39.81% above the market average39.81% above the market average
67.94% above the sector average67.94% above the sector average67.94% above the sector average67.94% above the sector average67.94% above the sector average
Price Trend
80.11% below the market average80.11% below the market average80.11% below the market average80.11% below the market average80.11% below the market average
59.44% below the sector average59.44% below the sector average59.44% below the sector average59.44% below the sector average59.44% below the sector average
Income Not Available
Growth Not Available

Thor Energy Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
15:40 71 @ 1.40p
15:09 7,501 @ 1.28p
14:10 65 @ 1.21p
13:03 10,785 @ 1.28p
13:01 20,000 @ 1.20p

Thor Energy Key Personnel

Chair Alastair Clayton

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