20 June
2024
Thor
Energy PLC
("Thor"
or the "Company")
Result of General Meeting and Total
Voting Right
The directors of Thor Energy Plc ("Thor") (AIM, ASX: THR, OTCQB:
THORF) announce that at the General Meeting ("GM") held earlier
today, all resolutions were passed.
All resolutions were passed, with
the poll results as follows:
|
Resolution
|
For
|
Against
|
Withheld
|
|
1
|
17,212,830
|
1,144,320
|
4,092,996
|
|
2
|
16,535,314
|
1,244,320
|
4,093,036
|
|
3
|
16,326,656
|
1,696,386
|
4,102,104
|
|
4
|
16,074,220
|
1,696,346
|
4,102,104
|
|
5
|
16,651,696
|
5,513,349
|
285,101
|
|
6
|
16,275,150
|
5,564,855
|
610,141
|
|
7
|
16,600,190
|
3,064,855
|
2,785,101
|
|
8
|
16,602,422
|
1,444,620
|
4,403,104
|
Admission and Total Voting
Rights
Following the General Meeting, the
Company will allot and issue 64,008,492 Conditional
Placing Shares and 70,000,000 unlisted warrants (termed options in
Australia).
Application has been made to
the London Stock Exchange for admission of the
Conditional Placing Shares to trading on AIM. It is expected that
Admission will become effective and dealings in the Conditional
Placing Shares are expected to commence on AIM at 8.00
a.m. on 26 June 2024. The Conditional Placing Shares
will rank pari passu in all respects with existing ordinary
shares.
Following Second Admission, the
total number of Ordinary Shares in the capital of the Company in
issue will be 378,610,068 with voting rights. This figure may be
used by Shareholders as the denominator for the calculations by
which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company's share
capital pursuant to the Company's Constitution.
Capitalised
terms used but not otherwise defined in this announcement shall
have the meanings given to them in the Company's announcement made
on 13 May 2024, unless the context requires
otherwise.
The Managing Director of Thor Energy
PLC has approved this announcement and authorised its
release.
For further information, please
contact:
|
·
Thor Energy
PLC
·
Nicole Galloway Warland, Managing
Director
·
Ray Ridge, CFO / Company Secretary
|
·
Tel: +61 (8) 7324
1935
Tel: +61 (8) 7324 1935
·
|
|
·
WH Ireland
Limited
·
(Nominated Adviser and Joint Broker)
·
Antonio Bossi / Darshan Patel / Isaac
Hooper
|
Tel: +44 (0) 207 220 1666
|
|
·
SI Capital
Limited
·
(Joint Broker)
·
Nick Emerson
|
Tel: +44 (0) 1483 413 500
|
|
·
Yellow
Jersey
·
(Financial PR)
·
Sarah Hollins / Shivantha Thambirajah / Bessie
Elliot
|
thor@yellowjerseypr.com
|
About Thor Energy Plc
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 in Colorado and Utah, USA with
historical high-grade uranium and vanadium drilling and production
results.
At Alford East in South Australia,
Thor has earnt 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
Estimate¹.
Thor also holds a 26.3% interest in
Australian copper development company EnviroCopper Limited (ECL),
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.²³
Alligator Energy recently invested A$0.9M for a 7.8% interest in
ECL with the rights to gain a 50.1% interest by investing a further
A$10.1m over four years.
Thor holds 100% of the advanced
Molyhil tungsten project, including measured, indicated and
inferred resources⁴, in the
Northern Territory of Australia, which was awarded Major Project
Status by the Northern Territory government in July 2020. Thor
executed a 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. ⁵
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
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.
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
The Company notes that for the
relevant market announcements noted above, that it is not aware of
any new information or data that materially affects this
information and that all material assumptions and technical
parameters underpinning any estimates continue to apply and have
not materially changed.