Thor Mining (THR) AI Stock Analysis

• Market Cap: £5.92M
• Dividend Yield: N/A
• Average Volume (3M): 1.09M
• Price to Earnings (P/E): ―
• Beta (1Y): -0.94
• Revenue Growth: N/A
• EPS Growth: 4.26%
• Country: UK
• Employees: 3
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 1,030,072,600
• 10 Day Avg. Volume: 485,424
• 30 Day Avg. Volume: 1,090,820
• PEG Ratio: -0.01
• Price to Book (P/B): 0.43
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 44 Neutral
• Price Target: 0.56p ▲(11.60% Upside)

The score is held down primarily by weak financial performance (no revenue, widening losses, and ongoing cash burn) and bearish technical momentum (below key moving averages with weak RSI/MACD). Positive corporate events around asset sales, strategic focus, and funding provide some offset, but do not overcome the currently weak fundamentals and trend.

Positive Factors

Strategic Expansion into Clean Energy

The acquisition positions Thor Energy in the promising hydrogen and helium exploration market, aligning with global energy transition trends and potentially driving long-term growth.

Leadership Strength

With extensive industry experience, the new leadership is expected to drive strategic initiatives and enhance the company's competitive positioning in the energy sector.

Regulatory Advancement

This regulatory advancement allows Thor Energy to explore new opportunities in hydrogen and helium, supporting its strategic focus on clean energy and enhancing long-term growth prospects.

Negative Factors

No Revenue Generation

The absence of revenue generation indicates challenges in monetizing assets, which could strain financial resources and impact long-term sustainability if not addressed.

Consistent Negative Cash Flow

Persistent negative cash flow highlights liquidity issues, necessitating reliance on external funding and potentially limiting operational flexibility and growth.

Liquidity Risks

Ongoing liquidity challenges due to negative cash flow and financing reliance could hinder the company's ability to invest in growth opportunities and manage financial obligations effectively.

Thor Mining Business Overview & Revenue Model

Company Description

Thor Mining PLC engages in the exploration and development of mineral properties in Australia and the United States. It explores for tungsten, molybdenum, copper, uranium, vanadium, gold, and nickel deposits. The company holds 100% interests in the Molyhil tungsten-molybdenum project located in the Northern Territory of Australia; the Pilot Mountain tungsten project situated in Nevada; and the Ragged Range project located in the Pilbara region of Western Australia. It also holds interests in the Kapunda copper mine and the Moonta copper project located in South Australia; and the Uranium and Vanadium project situated in the Colorado and Utah. Thor Mining PLC was incorporated in 2004 and is headquartered in London, the United Kingdom.

How the Company Makes Money

Thor Mining makes money through the exploration and development of its mineral projects, with the potential to generate revenue from the sale of discovered and extracted minerals such as copper, gold, and tungsten. The company may also enter into joint venture agreements or partnerships with other mining companies to share the risks and benefits of project development. Additionally, Thor Mining can raise funds through equity financing to support its exploration and development activities. The company's earnings are influenced by factors such as mineral prices, the success of exploration efforts, and strategic partnerships.

Thor Mining Financial Statement Overview

Summary

Thor Mining faces significant financial challenges, with no revenue and consistent losses impacting profitability. Although the balance sheet shows low leverage, persistent negative cash flow from operations and reliance on financing activities indicate liquidity risks.

Income Statement

Thor Mining's income statement shows no revenue over the analyzed period, reflecting a challenging environment for generating income. The net income has consistently been negative, with significant losses in each year. This indicates difficulty in covering operational costs and suggests a need for strategies to enhance revenue generation or reduce costs.

Balance Sheet

The balance sheet reflects a relatively strong equity base with a low level of debt, resulting in a favorable debt-to-equity ratio. This indicates financial stability and low leverage risk. However, the lack of revenue generation could strain cash reserves over time, necessitating attention to cash management and potential external financing needs.

Cash Flow

Operating cash flow has been consistently negative, indicating challenges in generating sufficient cash from core business activities. However, financing cash flows are positive, suggesting reliance on external funding. The absence of free cash flow growth and negative free cash flow to net income ratio highlight ongoing liquidity challenges.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-26.00K	-26.00K	-30.00K	-39.00K	-15.00K	-38.00K
EBITDA	-7.35M	-7.35M	-460.00K	-2.51M	-1.24M	-2.09M
Net Income	-7.44M	-7.44M	-520.00K	-2.47M	-1.53M	-2.10M
Balance Sheet
Total Assets	9.44M	9.44M	14.85M	13.50M	12.63M	13.01M
Cash, Cash Equivalents and Short-Term Investments	686.00K	686.00K	1.02M	805.00K	1.17M	233.00K
Total Debt	10.00K	10.00K	61.00K	27.00K	10.00K	10.00K
Total Liabilities	208.00K	208.00K	429.00K	241.00K	326.00K	403.00K
Stockholders Equity	9.20M	9.20M	14.26M	13.26M	14.42M	12.31M
Cash Flow
Free Cash Flow	-342.00K	0.00	-2.32M	0.00	-1.47M	-1.20M
Operating Cash Flow	-901.00K	-901.00K	-626.00K	-565.00K	-757.00K	-631.00K
Investing Cash Flow	-86.00K	-86.00K	-1.31M	-771.00K	-1.31M	-448.00K
Financing Cash Flow	918.00K	918.00K	1.36M	1.24M	2.32M	1.87M

Thor Mining Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:THR, the sentiment is Positive. The current price of 0.5 is below the 20-day moving average (MA) of 0.52, below the 50-day MA of 0.59, and below the 200-day MA of 0.55, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 66.60 is Neutral, neither overbought nor oversold. The STOCH value of 66.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:THR.

Thor Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
PXC	48 Neutral	£7.57M	-1.27	-13.01%	―	―	―
URU	46 Neutral	£7.03M	-4.17	―	―	―	―
THR	44 Neutral	£5.92M	-0.64	-66.28%	―	―	4.26%
BEM	44 Neutral	£5.97M	-2.49	-10.21%	―	―	42.24%
IMC	41 Neutral	£4.30M	-7.50	-10.34%	―	-93.51%	12.50%
VAST	40 Underperform	£6.00M	-0.44	―	―	-76.58%	83.44%

Thor Mining Corporate Events

Thor Energy Advances HY-Range Project and Streamlines Portfolio for Future Growth

Thor Energy PLC announced significant progress in its HY-Range Project in South Australia, including the preparation for a major 2D seismic survey with exploration drilling targeted for 2026. Additionally, the company has completed portfolio rationalization, involving the divestment of its interests in the Molyhil Tungsten Project and US Uranium assets. These actions simplified its portfolio, reduced costs, and secured substantial funding to advance its hydrogen and helium exploration efforts. This strategic focus positions Thor strongly in the emerging natural hydrogen and helium markets, with implications for accelerated project timelines and shareholder value.

Thor Energy PLC Announces Director Shareholding Changes and Performance Share Issuance

Thor Energy PLC announced changes in shareholdings among its directors, with Tim Armstrong, a Non-Executive Director, selling 4,500,000 ordinary shares to meet personal tax liabilities, leaving him with no direct interest in the company but retaining an indirect interest through unquoted performance shares. Additionally, the company issued 30,000,000 unquoted performance shares to CEO Andrew Hume and 15,000,000 to Non-Executive Director Lincoln Moore, following shareholder approval, indicating strategic moves to align management interests with company performance.

Thor Energy to Showcase Strategic Exploration at Paris Conference

Thor Energy PLC announced that its CEO, Andrew Hume, will present at the Hydrogen & Natural Gas Technology Conference in Paris, highlighting the company’s strategic positioning and exploration efforts in South Australia. The presentations will emphasize the region’s geological potential for natural hydrogen and helium resources and outline Thor’s strategy, including divesting legacy assets to concentrate on core exploration activities.

Thor Energy PLC Secures Strong Shareholder Support at 2025 AGM

At the 2025 Annual General Meeting, Thor Energy PLC successfully passed all resolutions, including the re-election of directors and approval of financial statements, demonstrating strong shareholder support. These decisions reinforce the company’s strategic direction in the energy sector and may enhance its market positioning, benefiting stakeholders by maintaining stability and continuity in its leadership and operations.

Thor Energy’s Strategic Shift and Financial Strengthening in Q3 2025

Thor Energy PLC reported a transformative quarter, achieving significant corporate milestones by focusing on natural hydrogen and helium exploration and monetizing legacy assets. The company highlighted positive results from its HY-Range Project in South Australia, with elevated hydrogen and helium readings guiding future exploration efforts. Thor also streamlined its portfolio by selling non-core assets, enhancing financial flexibility and reducing shareholder dilution. The company expects substantial cash inflows from these sales, which will bolster its capital resources for further exploration. Additionally, Thor’s subsidiary, Standard Minerals, advanced its collaboration in the US for uranium and critical metals recovery, providing a potential non-dilutionary revenue pathway.

Thor Energy Secures Major Investment for Copper Projects

Thor Energy Plc has announced a significant investment agreement involving A$3.5 million into EnviroCopper Limited (ECL), a company specializing in in-situ recovery (ISR) copper projects in South Australia. Thor, which holds a substantial share in ECL, views this collaboration with an unnamed international investor as a positive development for the future value of its investment. This strategic move aligns with Thor’s aim to monetize its non-core projects while maintaining its primary focus on its HY-Range natural hydrogen and helium project.

Thor Energy Partners with DISA Technologies for Uranium Waste Recovery

Thor Energy PLC has signed a binding agreement with DISA Technologies to treat uranium waste dumps at its Colorado Projects, aiming to recover saleable uranium and other critical minerals. This agreement, which involves no capital or operating expenditure for Thor, allows DISA to deploy its patented High-Pressure Slurry Ablation technology, following the receipt of a U.S. Nuclear Regulatory Commission license. The initiative is expected to enhance Thor’s revenue streams and aligns with U.S. government support for domestic recovery of critical minerals, potentially impacting the company’s market positioning positively.