11th Nov 2020 14:16
Thor Mining PLC - exploration and development company - Raises interest in private Australian company EnviroCopper Ltd to 30%. Thor has paid the final tranche of AUD185,000, about USD135,000, in completion of its AUD400,000 additional earn-in agreement, and has provided notice to EnviroCopper to exercise its right to the increase its holding. EnviroCopper has earned its initial farm-in interest in 50% of the Kapunda project in South Australia, and has provided notice that it will now proceed to a 75% interest.
"This additional investment in EnviroCopper represents outstanding value for Thor and Thor investors," Executive Chair Mick Billing said. "Through EnviroCopper we hold interests in resources totalling 233,000 tonnes of copper in situ with substantial upside for copper and the potential to also extract gold."
Current stock price: 1.22 pence
Year-to-date change: tripled from 0.42p
By Paul McGowan; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
Thor Energy