Thor Energy Sells Majority Stake in US Uranium Projects to Metals One

Thor Mining ( (GB:THR) ) just unveiled an announcement.

Thor Energy PLC has completed a Sale and Purchase Agreement to sell a 75% interest in its US subsidiaries holding uranium and vanadium projects in Colorado and Utah to Metals One PLC. This transaction allows Thor to focus on its HY-Range natural hydrogen and helium project in South Australia, while retaining a 25% interest in the projects and receiving shares in Metals One, potentially providing significant non-dilutionary funding for future projects.

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 focused on hydrogen and helium exploration, which are crucial in the shift to a clean energy economy. The company also has a portfolio that includes uranium and other energy metals.

Average Trading Volume: 519,471

Technical Sentiment Signal: Sell

Current Market Cap: £5.15M

For a thorough assessment of THR stock, go to TipRanks’ Stock Analysis page.