Announcement • Oct 18
Thor Energy Plc, Annual General Meeting, Nov 11, 2025 Thor Energy Plc, Annual General Meeting, Nov 11, 2025. Location: 9 pollen street, w1s 1ng, london United Kingdom New Risk • Sep 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£1.0m free cash flow). Shares are highly illiquid. Earnings have declined by 9.6% per year over the past 5 years. Shareholders have been substantially diluted in the past year (172% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€6.49m market cap, or US$7.61m). Minor Risk Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Board Change • Sep 08
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. CEO, Director & MD Andrew Hume was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Aug 13
Metals One PLC (AIM:MET1) acquired 75% stake in Standard Minerals Inc and Cisco Minerals Inc from Thor Energy Plc (AIM:THR). Metals One PLC (AIM:MET1) signed a letter of intent to acquire 75% stake in Standard Minerals Inc and Cisco Minerals Inc from Thor Energy Plc (AIM:THR) for £1.1 million on July 25, 2025. A cash consideration of £0.1 million will be paid by Metals One PLC. The consideration consists of common equity of Metals One PLC having a value of £1 million to be issued for common equity of Standard Minerals Inc and Cisco Minerals Inc. As part of consideration, £1.1 million is paid towards common equity of Standard Minerals Inc and Cisco Minerals Inc. Thor has also entered into an agreement to grant Met1 an exclusive 12-month option to acquire the remaining 25% interest in Standard and Cisco that it does not currently own
The proposed sale is subject to and conditional upon Met1 having conducted and being satisfied with legal, technical and financial due diligence on the USA subsidiaries of Thor and the Projects and all and any applicable and necessary consents, authorities or approvals required from any applicable statutory or quasi-statutory body regulating the mining industry in the USA consenting to the change of control of the Projects. The Board of Thor Energy Plc has approved this announcement. The parties will immediately move to agree and execute a full SPA as soon as practicable, expected to be completed by 31 August 2025
Metals One PLC (AIM:MET1) completed the acquisition of 75% stake in Standard Minerals Inc and Cisco Minerals Inc from Thor Energy Plc (AIM:THR) on August 13, 2025. The consideration consists of common equity 14,224,751 shares of Metals One PLC having a value of £1 million to be issued for common equity of Standard Minerals Inc and Cisco Minerals Inc. Board Change • Jul 31
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. CEO, Director & MD Andrew Hume was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 14
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. MD & Director Andrew Hume was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jul 07
Thor Energy plc Announces Positive Results of Its Recent Soil Geochemical Study At Its Hy-Range Project (Rsel 802) in South Australia Thor Energy plc announced positive results of its recent soil geochemistry study at its HY-Range project (RSEL 802) in South Australia. Highlights: Positive results with significantly elevated hydrogen and helium; Several natural hydrogen values more than 1,000ppm, with highest reading of 3,000ppm (approximately 6,000 times background values); Helium detected up to 27ppm (greater than five times background values); Four high-grade focus areas identified for future exploration focus; This significantly advances prospect definition, ranking and site selection for exploration drilling. Board Change • Jun 20
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. MD & Director Andrew Hume was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 29
Thor Energy plc Announces Upized Hy-Range Natural Hydrogen/Helium Geochemical Survey Thor Energy plc announced the successful completion of its comprehensive soil air geochemical survey across its HY-Range project (RSEL 802) in South Australia. This survey, which commenced in early May, as detailed in the Company's announcement on 28 April 2025 ("HY-Range Exploration and Corporate Update Hydrogen and Helium Geochemical Survey to Commence in May"), marks a significant step in evaluating the natural hydrogen and helium potential of the licence area. Successful completion of the planned geochemical survey at the HY-Range Project (RSEL 802), South Australia. A total of 103 sample sites were investigated, including several additional step-out sample sites, based on field observations. Survey completed efficiently, safely, on time, and within budget. Dual objectives achieved: Comprehensive licence-wide soil air sampling for natural hydrogen and helium, and successful deployment and establishment of novel operational procedures for mobile hydrogen and helium gas chromatography. Analysis and interpretation of samples from the investigated sites are underway, with initial findings anticipated in June 2025. Results will be crucial for proving active gas generation and migration, high-grading areas of interest, and underpinning future work programs. Expanded Scope and Operational Success The survey operations were conducted with exceptional efficiency and safety, concluding on time and within budget. A total of103 sample sites were investigated, with samples collected from shallow holes across the licence. This expanded program resulted in comprehensive sample collection exceeding the initially planned 94 samples, reflecting additional step-out work in certain areas to increase understanding adjacent to some primary locations. The Company anticipates releasing its initial findings from this survey in June 2025, which will provide answers to the survey's objectives of: Assessing the presence of active gas generation and migration pathways within the HY-Range project area. Identifying and contributing to the high grading of specific areas of interest and prospectivity for natural hydrogen and helium. Underpinning and refining the design of future work programs, including potential exploration drilling. The Company looks forward to updating the market on the results of the geochemical survey and further corporate developments in due course. Board Change • May 14
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. MD & Director Andrew Hume was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 28
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. MD & Director Andrew Hume was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 31
Thor Energy plc Announces Impressive Maiden Natural Hydrogen and Helium Prospective Resource for HY-Range Project Thor Energy plc announced an independent assessment of prospective resources for naturally occurring hydrogen and helium for the HY-Range project on RSEL 802 license in South Australia. Highlights are: Prospective resource results vastly exceed Company expectations; Prime position in Australia's natural hydrogen/helium hotspot - HY-Range includes a regionally scarce fully granted license within South Australia's hydrogen and helium fairway; Management to accelerate the exploration programme following these results to unlock HY-Range's full potential; Thor Energy effective 80.2% net interest in RSEL 802 through previously announced Go Exploration transaction;
The estimated quantities of hydrogen and helium that may potentially be recovered by the application of a future development project(s) relate to undiscovered accumulations. These estimates have both a risk of discovery and a risk of development. Further exploration appraisal and evaluation is required to determine the existence of a significant quantity of potentially recoverable hydrogen and helium; The prospective resources are based on the entrapment model for natural hydrogen and helium in the free gas phase; and The assessment was undertaken by RISC Advisory Pty Ltd. Further Information on RSEL 802: The HY-Range Project license RSEL 802is situated within the Neoproterozoic Adelaide Geosyncline in South Australia, is an exploration license covering 6,336 square kilometers and is wholly owned by Go Exploration Pty Ltd, of which Thor Energy Plc recently acquired an 80.2% interest. The geological setting of RSEL 802is considered favorable for the exploration of naturally occurring hydrogen and helium. The Adelaide Geosyncline is a Neoproterozoic age failed rift system, in a similar geologic setting to other hydrogen and helium systems being targeted by industry across the globe. RSEL 802 is interpreted to be centrally placed within the geosyncline to receive potential charge of hydrogen and helium sources. This prospectivity is supported by historical reports of gaseous hydrogen occurrences in South Australia, notably at the Ramsay Oil Bore-1 on the Yorke Peninsula and the American Beach Oil-1 on Kangaroo Island. Numerous leads have been identified across RSEL 802 including large anticlinal folds mapped in the northern portion of the license and significant structures delineated from gravity and magnetics in the southern portion. Significant subsurface uncertainty is inherent in any hydrogen or helium exploration play. Consequently, further exploration, appraisal, and evaluation are necessary to confirm the presence and potential recoverability of hydrogen and helium volumes within RSEL 802. Board Change • Feb 19
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. MD & Director Andrew Hume was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 19
Thor Energy Plc (AIM:THR) completed the acquisition of 80.2% stake in Go Exploration Pty Ltd. Thor Energy Plc (AIM:THR) signed non-binding heads of terms to acquire 80.2% stake in Go Exploration Pty Ltd for AUD 7.3 million on October 25, 2024. Thor Energy Plc entered into a binding Acquisition Agreement to acquire Go Exploration Pty Ltd on October 30, 2024. The consideration for the acquisition is intended to be satisfied through the issuance of up to approximately 466.5 million ordinary shares. The transaction subject to the finalization of definitive agreements, the satisfaction of certain conditions precedent and approval by the shareholders of Thor Energy Plc. The deal has been approved by the board of directors of Thor Energy Plc. The transaction is expected to close in early January 2025. On November 28, 2024, the shareholders of Thor Energy Plc has approved the transaction.
Antonio Bossi and Darshan Patel of Zeus Capital Limited acted as financial advisor to Thor Energy Plc.
Thor Energy Plc (AIM:THR) completed the acquisition of 80.2% stake in Go Exploration Pty Ltd on February 17, 2025. In addition, Thor Energy Plc will issue 25,000,000 new ordinary shares to Orana Corporate LLP in consideration for consultancy services provided by Orana to Go Exploration in respect of the Acquisition. Following the admission of the Consideration Shares and Consultant Shares, the total number of Ordinary Shares in the capital of Thor Energy Plc in issue will be 1,003,405,968 with voting rights. Announcement • Feb 05
Thor Energy plc Announces Appointment of Andrew Humehas as Managing Director Thor Energy Plc announced that MrAndrew Humehas agreed to join the Board as Managing Director based in Perth, Western Australia. Andrew has a 27-year career in the energy sector, holding key roles in multinational companies. He commenced at Thales Group (previously known as Racal Electronics), advancing to Geosciences Manager, USA. At Shell and Murphy Oil Corp, he contributed to geoscience analysis, drilling, asset management, and portfolio growth. At Maersk Oil and Gas, he led regional new ventures before steering strategy and performance across exploration and appraisal. Following the acquisition by TotalEnergies, he led regional strategy, portfolio, planning and performance, before delivering business development, leading joint ventures and managing a multiparty decarbonisation and renewables project. Andrew's career is marked by global experience and leadership across business and technical disciplines, principally in the USA, Australia, Denmark, and the UK. He holds an Executive MBA with distinction from the University of Cambridge and BSc (Hons) Geology from the University of St. Andrews. Board Change • Jan 25
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Lincoln Moore was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 17
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Lincoln Moore was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 10
Thor Energy plc Provides Update Uranium Drilling - Groundhog, Colorado USA Thor Energy PLC reported downhole gamma logging results (eU3O8) from a recently completed drilling programme at the Groundhog Project in Colorado, USA, nine (9) Reverse Circulation ("RC") drillholes totalling 979m were completed at Groundhog Mine Prospect. Drilling was designed to test areas along strike of uranium and vanadium mineralisation from Thor's successful 2022 and 2023 drilling programs. Highlights: Shallow, narrow, high-grade uranium mineralisation intersected with uranium grades from downhole gamma logging up to 0.16% (0.5m @ 1574ppm) eU3O8 in 24WBRA009 at 114m extends the known mineralisation 100m to the North. Shallow, narrow, high-grade uranium mineralisation intersected with uranium grades from downhole gamma logging up to 0.06% (0.6m @ 643ppm) eU3O8 in 24WBRA007 at 109m extends the known mineralisation 300m to the East. Shallow, narrow, high-grade uranium mineralisation intersected with uranium grades from downhole gamma logging up to 0.11% (0.3m @ 1062ppm) eU3O8 in 24WBRA001 at 83m. Drill programme halted due to heavy early-season snow. Thor has permits to continue drilling across the Wedding Bell Project in 2025, including Rimrock Mine Prospect, Groundhog and Section 23 prospects. Board Change • Nov 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Mark McGeough was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 05
Thor Energy plc Announces Uranium Drilling Commences Wedding Bell and Radium Mountain Projects, USA The directors of Thor Energy Plc announced that drilling has commenced at Groundhog Prospect, on the Company's 100% owned Wedding Bell Project, located in the uranium-vanadium mining district of the Uravan Mineral Belt, southwest Colorado, USA. Highlights: Reverse Circulation ("RC") drilling commences at Groundhog prospect. At Groundhog, infill drilling will be centred around high-grade uranium and vanadium mineralisation intercepted in 23WBRA020, with extension holes up to 300m to the north and east. 23WBR020: 4.9m @ 1199ppm (0.12%) U3O8 and 6306ppm (0.63%) V2O5 from 82m, Including, 0.6m @ 6250ppm (0.63%). U3O8 and 30348ppm (3.0%) V2O 5 from 82.6m SS Drilling is estimated to take approximately four weeks to complete, with downhole gamma results released to the market as they become available. Announcement • Nov 02
Thor Energy Plc, Annual General Meeting, Nov 28, 2024 Thor Energy Plc, Annual General Meeting, Nov 28, 2024. Location: the offices of zeus capital, 125 old broad street, ec2n 1ar, london United Kingdom Announcement • Oct 26
Thor Energy Plc has completed a Follow-on Equity Offering in the amount of £1 million. Thor Energy Plc has completed a Follow-on Equity Offering in the amount of £1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 94,652,516
Price\Range: £0.0075
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 38,680,800
Price\Range: £0.0075
Transaction Features: Subsequent Direct Listing Board Change • Oct 15
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Mark McGeough was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 08
Thor Energy plc Announces Board Changes Thor Energy plc announced that Alastair Clayton, currently serving as Non-Executive Chairman, will transition to the role of Executive Chairman with immediate effect. This move is aimed at strengthening the executive capabilities of the Board and driving the corporate strategy of the Company. In addition, Nicole Galloway Warland has decided to retire from the Board with immediate effect. Pleasingly, Nicole has agreed to remain as a consultant to the Company for the foreseeable future to help execute the current drill programme at Colorado Uranium Projects in the United States, as well as oversee other projects in South Australia. Announcement • Sep 24
Thor Energy plc Provides Uranium Exploration Update The directors of Thor Energy Plc provided a drilling update on the Company's 100% owned Wedding Bell and Radium Mountain Projects, located in the uranium-vanadium mining district of the Uravan Mineral Belt, southwest Colorado, USA. Highlights: On-ground drill site preparations are now underway for 2024 drilling programs at Rim Rock and Groundhog mine areas, with drilling scheduled to commence in early October. The reverse circulation program includes infill and extension holes following up on Thor's successful 2022 and 2023 program, with the objective of completing a JORC mineral resource estimation. At Groundhog, infill drilling will be centred around high-grade uranium and vanadium mineralisation intercepted in 23WBRA020, with extension holes up to 300m to the north and east. 23WBR020: 4.9m @ 1199ppm (0.12%) U3O8 and 6306ppm (0.63%) V2O5 from 82m, Including, 0.6m @ 6250ppm (0.63% U3O8 and 30348ppm (3.0%) V2O 5 from 82.6m; At Rim Rock, infill drilling will be Centred around 23WBRA011, 23WBRA012 and 23WBRA016, with exension drilling toward the open areas to the east and south. 23WBR011: 6.1m @ 563ppm (0.06%) U3O8 and 9100ppm (0.9%) V2O5 from 74.7m, Including, 1.5m @ 1624ppm (0.16%) U3O8 and 19637ppm (2.0%) V2O5 from 76.2m; Drill contractor Envirotech Drilling LLC and downhole logging contractor Jet West Geophysical Services LLC have both been secured/contracted. New Risk • Sep 20
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 11% per year over the past 5 years. Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€3.73m market cap, or US$4.16m). Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Announcement • Aug 12
Thor Energy Plc Announces Uranium Drill Approvals Granted The directors of Thor Energy Plc ("Thor") announced that all approvals have been granted for drilling at the Company's 100% owned Wedding Bell and Radium Mountain Projects, located southwest Colorado, USA. Project Highlights: All approvals and permits have been granted to commence follow-up drilling at Wedding Bell and Radium Mountain projects including Rim Rock and Groundhog Prospects. Options for drill programmes include testing along strike of the known mineralisation at Rim Rock and Groundhog that may, if successful form part of any future mineral resource estimations. New Risk • Jul 11
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 58% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 11% per year over the past 5 years. Shareholders have been substantially diluted in the past year (58% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€4.50m market cap, or US$4.89m). Announcement • May 15
Thor Energy Plc has filed a Follow-on Equity Offering in the amount of AUD 1.3 million. Thor Energy Plc has filed a Follow-on Equity Offering in the amount of AUD 1.3 million.
Security Name: Chess Depositary Interest
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 35,991,508
Price\Range: AUD 0.013
Security Name: Chess Depositary Interest
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 64,008,492
Price\Range: AUD 0.013
Transaction Features: Subsequent Direct Listing Announcement • Nov 03
Thor Energy Plc, Annual General Meeting, Nov 29, 2023 Thor Energy Plc, Annual General Meeting, Nov 29, 2023, at 10:00 GMT Standard Time. Location: WH Ireland Limited; 24 Martin Lane London United Kingdom Agenda: To receive and consider the report of the Directors and the audited financial statements of the Company for the year ended 30 June 2023; to re-elect Mr Alastair Clayton as a Director who, in accordance with Article 126 of the Articles of Association, retires by rotation and being eligible, offers himself for re-election; to re-appoint PKF Littlejohn LLP as auditors of the Company to act until the conclusion of the next Annual General Meeting and to authorise the Directors to determine their remuneration and to consider other business matters. New Risk • Sep 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£2.3m free cash flow). Shares are highly illiquid. Earnings have declined by 6.0% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€5.38m market cap, or US$5.70m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (22% increase in shares outstanding). Board Change • Sep 01
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Mark McGeough was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 26
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Joint Company Secretary Stephen Ronaldson is the most experienced director on the board, commencing their role in 2013. Independent Non-Executive Director Mark McGeough was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • Jan 21
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Joint Company Secretary Stephen Ronaldson is the most experienced director on the board, commencing their role in 2013. Independent Non-Executive Director Mark McGeough was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. 
