Thor Energy advances HY-Range with completion of Phase 2 hydrogen survey

Thor Mining ( (GB:THR) ) has shared an update.

Thor Energy has completed its Phase 2 natural hydrogen and helium geochemical survey at the 80.2%-owned HY-Range project in South Australia, finishing the three‑month program safely and on budget. The work expanded coverage of earlier sampling, delivered higher data density in key target areas and confirmed the elevated hydrogen and helium readings identified in the Phase 1 survey in 2025.

The company emphasised that upgraded sampling methodologies, developed with contractor SGS, were designed to eliminate the risk of anthropogenic contamination and to improve confidence in the geochemical dataset across both phases. Thor is now analysing the new data to refine subsurface models of hydrogen and helium systems and, in parallel, is finalising tenders for a 2D seismic survey later this year, positioning the HY-Range project for potential drilling and advancing its standing in the emerging natural hydrogen sector.

The most recent analyst rating on (GB:THR) stock is a Sell with a £0.51 price target. To see the full list of analyst forecasts on Thor Mining stock, see the GB:THR Stock Forecast page.

Spark’s Take on THR Stock

According to Spark, TipRanks’ AI Analyst, THR is a Neutral.

The score is held down primarily by very weak financial performance (no revenue, worsening losses, and ongoing operating cash burn), with only the low-debt balance sheet providing support. Technical signals are mixed-to-weak, and valuation is unattractive/unclear due to losses and no stated dividend.

To see Spark’s full report on THR stock, click here.

More about Thor Mining

Thor Energy Plc is an exploration company focused on natural hydrogen and helium, as well as copper, gold, uranium and other energy metals. Listed on AIM, ASX and OTCQB, the company is advancing a portfolio of projects including the HY-Range natural hydrogen exploration project in South Australia, where it holds an 80.2% interest in licence RSEL 802.

Average Trading Volume: 1,096,413

Technical Sentiment Signal: Strong Sell

Current Market Cap: £5.67M

See more data about THR stock on TipRanks’ Stock Analysis page.