Thor Energy Completes Key Geochemical Survey at HY-Range Project

Thor Mining ( (GB:THR) ) has issued an announcement.

Thor Energy PLC announced the successful completion of a comprehensive soil air geochemical survey at its HY-Range project in South Australia, marking a significant step in evaluating the natural hydrogen and helium potential of the area. The survey, which exceeded initial sample targets, was completed efficiently and within budget, utilizing innovative mobile gas chromatography for real-time data collection. The results, expected in June 2025, will be crucial for identifying high-priority targets and advancing Thor’s exploration strategy, potentially impacting future work programs and the company’s positioning in the natural hydrogen and helium industry.

Spark’s Take on GB:THR Stock

According to Spark, TipRanks’ AI Analyst, GB:THR is a Underperform.

Thor Mining’s overall stock score is hindered by severe financial challenges, including no revenue and liquidity issues. However, positive corporate developments in the clean energy sector provide a glimmer of future growth potential. The stock’s bearish technical indicators and negative valuation metrics further weigh on the score.

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

More about Thor Mining

Thor Energy PLC is a dual-listed company focused on the exploration of natural hydrogen and helium, with a portfolio that also includes uranium and other energy metals essential for the transition to a clean energy economy.

Average Trading Volume: 505,118

Technical Sentiment Signal: Sell

Current Market Cap: £4.77M

Find detailed analytics on THR stock on TipRanks’ Stock Analysis page.