Thor Mining Plc raises AU$2.65 million through strategic placement

Thor Mining Plc (ASX: THR) announced that it had raised AU$2.65 million by placing 378,571,429 new ordinary shares and Australian Securities Exchange-listed CDIs for AU$0.007 per ordinary share. The company will also planning shareholder’s approval to change the company’s name to “Thor Energy Plc” at a General Meeting expected to be held on 4 January 2023. The proposed name change is planned to reflect the company’s greater focus on its uranium assets within its portfolio.

The proceeds from the placement will be used for the exploration of the company’s uranium projects in the United States, as well as to progress drilling at the Kelly’s and Krona gold, nickel, and lithium prospects in the Pilbara region of Western Australia, and for general working capital purposes.

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