14th Dec 2021 21:12
Thor Mining PLC - precious, base, energy and strategic metal projects in the US and Australia - Raises GBP1.5 million through placing of 220.0 million shares at a price of 0.66 pence each, which will go towards exploration activities at the Ragged Range gold & nickel project in Pilbara, Australia.
Proceeds will also be used for drilling at the Wedding Bell uranium and vanadium project, as well as the Molyhil critical minerals project.
Thor Mining now has 2.00 billion shares issued overall.
"We are very pleased to have ongoing support from the company's existing shareholders, and welcome new shareholders to our share register, who recognise the significant potential of our diverse commodity portfolio. We look forward to drilling news flow expected from Ragged Range and Alford East projects over the next few weeks, as well as an update on the drilling status at our uranium and vanadium prospects, US," says Managing Director Nicole Galloway Warland.
Current stock price: 0.70 pence, up 22% on Tuesday.
Year-to-date change: down 13%
By Dayo Laniyan; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
Thor Energy