Thor Mining (GB:THR) has released an update.
Thor Energy PLC has announced the successful completion of the Stage 1 Earn-In Commitment by Investigator Resources Limited’s subsidiary, Fram, at the Molyhil and Bonya Projects, earning a 25% interest in the tenements. This development allows Thor to concentrate on its US uranium assets and the Alford East Copper-REE Project while maintaining a stake in Molyhil’s prospectivity. Additionally, Thor is set to receive A$250,000 worth of IVR shares as part of the joint venture agreement with opportunities for Fram to increase its interest up to 80% through further investment.
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