TIDMTHR
RNS Number : 7097P
Thor Energy PLC
13 February 2023
13 February 2023
Thor Energy Plc
("Thor" or the "Company")
Director/PDMR Shareholding
The Directors of Thor Energy Plc (AIM, ASX: THR) announce that
Mark McGeough has purchased Ordinary Shares traded as CDI's on the
ASX.
The change in Director's interest follows the on market
acquisition of Ordinary Shares traded as CDI's on the ASX.
Director/PDMR Position Number of ordinary Price per share (AUD)
shares traded as CDI's
acquired
Non-Executive
Mark McGeough Director 50,000 0.0065
--------------- ------------------------ ----------------------
As a result, Mark McGeough now has a total notifiable share
interest in the Company of 1,911,765 ordinary shares, representing
0.08% of the Company's issued share capital
The relevant details are provided in the notification below,
made in accordance with the requirements of the EU Market Abuse
Regulation.
- Ends -
For further information, please contact:
Thor Energy Plc
Nicole Galloway Warland, Managing Director Tel: +61 (8) 7324
Ray Ridge, CFO / Company Secretary 1935
Tel: +61 (8) 7324
1935
WH Ireland Limited (Nominated Adviser Tel: +44 (0) 207
and Joint Broker) 220 1666
Antonio Bossi / Darshan Patel / Megan
Liddell
SI Capital Limited (Joint Broker) Tel: +44 (0) 1483
413 500
Nick Emerson
Yellow Jersey (Financial PR) thor@yellowjerseypr.com
Sarah Hollins / Shivantha Thambirajah Tel: +44 (0) 20 3004
/ Bessie Elliot 9512
Updates on the Company's activities are regularly posted on
Thor's website https://thorenergyplc.com which includes a facility
to register to receive these updates by email, and on the Company's
twitter page @thorenergyplc
About Thor Energy Plc
Thor Energy Plc (AIM, ASX: THR; OTCQB: THORF) is a uranium and
energy metals resource company quoted on the AIM Market of the
London Stock Exchange, ASX in Australia and OTCQB Market in the
United States.
The Company is focused on uranium and energy metals that are
crucial in the shift to a 'green' energy economy. Thor has a number
of highly prospective projects that give shareholders exposure to
uranium, nickel, copper, lithium and gold. Our projects are located
in Australia and the USA.
Thor holds 100% interest in three uranium and vanadium projects
(Wedding Bell, Radium Mountain and Vanadium King) in the Uravan
Belt Colorado and Utah, USA with historical high-grade uranium and
vanadium drilling and production results.
Thor owns 100% of the Ragged Range Project, comprising 92 km2 of
exploration licences with highly encouraging early-stage gold and
nickel results in the Pilbara region of Western Australia, with
follow up drilling planned for 2023.
At Alford East in South Australia, Thor is earning an 80%
interest in oxide copper deposits considered amenable to extraction
via In Situ Recovery techniques (ISR). In January 2021, Thor
announced an Inferred Mineral Resource Estimate(1).Thor also holds
a 30% interest in Australian copper development company
EnviroCopper Limited, which in turn holds rights to earn up to a
75% interest in the mineral rights and claims over the resource on
the portion of the historic Kapunda copper mine and the Alford West
copper project, both situated in South Australia, and both
considered amenable to recovery by way of ISR.(2)(3)
Thor holds 100% of the advanced Molyhil tungsten project,
including measured, indicated and inferred resources , in the
Northern Territory of Australia, which was awarded Major Project
Status by the Northern Territory government in July 2020. Thor
executed a $8m Farm-in and Funding Agreement with Investigator
Resources Limited (ASX: IVR) to accelerate exploration at the
Molyhil Project on 24 November 2022.(6)
Adjacent to Molyhil, at Bonya, Thor holds a 40% interest in
deposits of tungsten, copper, and vanadium, including Inferred
resource estimates for the Bonya copper deposit, and the White
Violet and Samarkand tungsten deposits. Thor's interest in the
Bonya tenement EL29701 is planned to be divested as part of the
Farm-in and Funding agreement with Investigator Resources
Limited.(6)
Notes
(1)
https://thorenergyplc.com/investor-updates/maiden-copper-gold-mineral-resource-estimate-alford-east-copper-gold-isr-project/
(2)
www.thorenergyplc.com/sites/thormining/media/pdf/asx-announcements/20172018/20180222-clarification-kapunda-copper-resource-estimate.pdf
(3)
www.thorenergyplc.com/sites/thormining/media/aim-report/20190815-initial-copper-resource-estimate---moonta-project---rns---london-stock-exchange.pdf
(4)
https://thorenergyplc.com/investor-updates/molyhil-project-mineral-resource-estimate-updated/
(5)
www.thorenergyplc.com/sites/thormining/media/pdf/asx-announcements/20200129-mineral-resource-estimates---bonya-tungsten--copper.pdf
(6)
https://thorenergyplc.com/wp-content/uploads/2022/11/20221124-8M-Farm-in-Funding-Agreement.pdf
Notification of Transactions of Persons Discharging Managerial
Responsibility and Persons Closely Associated with them
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Mark McGeough
------------------------------------- -----------------------------------------------
Reason for the notification
2
--------------------------------------------------------------------------------------
a) Position/status Non-Executive Director
------------------------------------- -----------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------------------- -----------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------------
a) Name Thor Energy Plc
------------------------------------- -----------------------------------------------
b) LEI 213800WO61Y9GPALD478
------------------------------------- -----------------------------------------------
Details of the transaction(s): section to be repeated
4 for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
--------------------------------------------------------------------------------------
a) Description of the Ordinary shares of 0.01 pence each
financial instrument,
type of instrument
Identification code GB00BD0NBV71
b) Nature of the transaction Securities acquired on the ASX (Ordinary
Shares traded as CDI's)
------------------------------------- -----------------------------------------------
.c) Price(s) and volume(s)
------------------------ ------------------
Price(s) Volume(s)
------------------------ ------------------
Ordinary Shares AUD 0.0065 50,000
----------------------------- ------------------
d) Aggregated information
- Aggregated volume 50,000
- Price AUD 325.
e) Date of the transaction 10 February 2023
------------------------------------- -----------------------------------------------
f) Place of the transaction Australian Securities Exchange (ASX)
------------------------------------- -----------------------------------------------
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END
DSHUOOWROBUUARR
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