Thor today announces an increase in its ownership in the Alford East Copper In-situ Recovery (ISR) project in South Australia to 51%. Thor has completed the Stage 1 earn-in from Spencer Metals by funding A$500k. A$250k in fully paid Thor shares will be issued to Spencer together with two free attaching options per share issued, exercisable at $0.03 within 5 years from the date of issue. Thor can earn up to 80% by funding an additional A$750k of expenditure over the next 2 years.
16 Nov 2021
Thor Mining (THR) - Thor earns 51% interest in Alford East Copper ISR project
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Thor Mining (THR) - Thor earns 51% interest in Alford East Copper ISR project
Thor Energy Plc (THR:LON) | 1.2 0 0.0% | Mkt Cap: 3.34m
- Published:
16 Nov 2021 -
Author:
Paul Smith -
Pages:
4
Thor today announces an increase in its ownership in the Alford East Copper In-situ Recovery (ISR) project in South Australia to 51%. Thor has completed the Stage 1 earn-in from Spencer Metals by funding A$500k. A$250k in fully paid Thor shares will be issued to Spencer together with two free attaching options per share issued, exercisable at $0.03 within 5 years from the date of issue. Thor can earn up to 80% by funding an additional A$750k of expenditure over the next 2 years.