Thor Mining (GB:THR) has released an update.
Thor Energy PLC has announced a trading halt on the Australian Securities Exchange to carry out a limited capital raising initiative aimed at accelerating its exploration activities, especially focusing on its priority uranium assets. The halt, which aligns with ASX Listing Rules, will remain until the earlier of the start of trading on 13 May 2024 or a company announcement concerning the capital raise. The funds are expected to bolster the company’s working capital and support its ongoing exploration projects.
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