23 October 2023
Thor Energy Plc
("Thor" or the "Company")
Director/PDMR Shareholding
The Directors of Thor Energy Plc (AIM, ASX: THR) announce that two Directors, Nicole Galloway Warland and Mark McGeough, have each 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 | Price per share (AUD) | Number of ordinary shares traded as CDI's acquired | Resultant number of CDI's held | Resultant Percentage Share of Issued Capital |
| Nicole Galloway Warland | Managing Director | 0.0267 | 200,000 | 325,000 | 0.12% |
| Mark McGeough | Non-Executive Director | 0.0248 | 59,356 | 255,032 | 0.09% |
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 Ray Ridge, CFO / Company Secretary | Tel: +61 (8) 7324 1935 Tel: +61 (8) 7324 1935 |
| WH Ireland Limited (Nominated Adviser and Joint Broker) | Tel: +44 (0) 207 220 1666 |
| Antonio Bossi / Darshan Patel | |
| SI Capital Limited (Joint Broker) | Tel: +44 (0) 1483 413 500 |
| Nick Emerson | |
| Yellow Jersey (Financial PR) | thor@yellowjerseypr.com |
| Sarah Hollins / Shivantha Thambirajah / Bessie Elliot | Tel: +44 (0) 20 3004 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
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, copper and nickel results in the Pilbara region of Western Australia.
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 Estimate¹.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.²³.
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 24th 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/
4 https://thorenergyplc.com/investor-updates/molyhil-project-mineral-resource-estimate-updated/
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
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a) | Name | Nicole Galloway Warland | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Managing Director | |||
| b) | Initial notification /Amendment | Initial notification | |||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Thor Energy Plc | |||
| b) | LEI | 213800WO61Y9GPALD478 | |||
| 4
| Details of the transaction(s): section to be repeated 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 financial instrument, type of instrument | Ordinary shares of 0.1 pence each | |||
| | | ||||
| | | ||||
| Identification code | GB00BRJ52319 | ||||
| | | ||||
| 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 0.0248 | 200,000 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | 200,000 | ||||
| - Price | AUD 4,960 | ||||
| | | ||||
| e) | Date of the transaction | 17 October 2023 | |||
| f) | Place of the transaction | Australian Securities Exchange (ASX) | |||
Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a) | Name | Mark McGeough | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Non-Executive Director | |||
| b) | Initial notification /Amendment | Initial notification | |||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Thor Energy Plc | |||
| b) | LEI | 213800WO61Y9GPALD478 | |||
| 4
| Details of the transaction(s): section to be repeated 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 financial instrument, type of instrument | Ordinary shares of 0.1 pence each | |||
| | | ||||
| | | ||||
| Identification code | GB00BRJ52319 | ||||
| | | ||||
| 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 0.0267 | 59,356 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | 59,356 | ||||
| - Price | AUD 1,585 | ||||
| | | ||||
| e) | Date of the transaction | 17 October 2023 | |||
| f) | Place of the transaction | Australian Securities Exchange (ASX) | |||
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