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An announcement from Investigator Resources Ltd ( (AU:IVR) ) is now available.
Thor Energy has received a A$2.25 million cash completion payment from Tivan Limited for the sale of its interest in the FRAM Joint Venture, which includes the Molyhil tungsten, molybdenum and copper project in Australia’s Northern Territory, taking total cash received so far to A$2.625 million. Three additional annual deferred payments of A$1.3125 million each, due between September 2026 and September 2028 and payable in cash or Tivan shares, will lift total consideration to A$6.5625 million, giving Thor a significant non-dilutive boost to its balance sheet to advance its HY-Range hydrogen and helium project and accelerate work on its retained Alford East copper portfolio, potentially strengthening its position in both clean energy and copper markets.
The most recent analyst rating on (AU:IVR) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Investigator Resources Ltd stock, see the AU:IVR Stock Forecast page.
More about Investigator Resources Ltd
Thor Energy Plc is an Australia-focused exploration company targeting hydrogen and helium resources seen as key to the clean energy transition, alongside a portfolio of uranium and other energy metals. Through interests in projects such as the HY-Range natural hydrogen and helium project and the Alford East copper-gold portfolio in South Australia, as well as a stake in in-situ leach copper specialist EnviroCopper Limited, the company is positioning itself within the broader critical minerals and energy-transition value chain.
YTD Price Performance: -3.45%
Average Trading Volume: 12,677,862
Technical Sentiment Signal: Buy
Current Market Cap: A$277.4M
Find detailed analytics on IVR stock on TipRanks’ Stock Analysis page.