REG - Thor Energy PLC - Result of General Meeting and Total Voting Right

Thor EnergyAnnouncement

20/06/2024 10:30

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RNS Number : 2379T  Thor Energy PLC  20 June 2024

20 June 2024

 

Thor Energy PLC

 

("Thor" or the "Company")

 
Result of General Meeting and Total Voting Right

The directors of Thor Energy Plc ("Thor") (AIM, ASX: THR, OTCQB: THORF)
announce that at the General Meeting ("GM") held earlier today, all
resolutions were passed.

All resolutions were passed, with the poll results as follows:

 Resolution  For         Against    Withheld
 1           17,212,830  1,144,320  4,092,996
 2           16,535,314  1,244,320  4,093,036
 3           16,326,656  1,696,386  4,102,104
 4           16,074,220  1,696,346  4,102,104
 5           16,651,696  5,513,349  285,101
 6           16,275,150  5,564,855  610,141
 7           16,600,190  3,064,855  2,785,101
 8           16,602,422  1,444,620  4,403,104

 

Admission and Total Voting Rights

Following the General Meeting, the Company will allot and
issue 64,008,492 Conditional Placing Shares and 70,000,000 unlisted warrants
(termed options in Australia).

Application has been made to the London Stock Exchange for admission of the
Conditional Placing Shares to trading on AIM. It is expected that Admission
will become effective and dealings in the Conditional Placing Shares are
expected to commence on AIM at 8.00 a.m. on 26 June 2024. The Conditional
Placing Shares will rank pari passu in all respects with existing ordinary
shares.

Following Second Admission, the total number of Ordinary Shares in the capital
of the Company in issue will be 378,610,068 with voting rights. This figure
may be used by Shareholders as the denominator for the calculations by which
they will determine if they are required to notify their interest in, or a
change to their interest in, the Company's share capital pursuant to the
Company's Constitution.

Capitalised terms used but not otherwise defined in this announcement shall
have the meanings given to them in the Company's announcement made on 13 May
2024, unless the context requires otherwise.

The Managing Director of Thor Energy PLC has approved this announcement and
authorised its release.

 

For further information, please contact:

 ·           Thor Energy PLC                                                    ·

 ·           Nicole Galloway Warland, Managing Director                         Tel: +61 (8) 7324 1935

 ·           Ray Ridge, CFO / Company Secretary                                 Tel: +61 (8) 7324 1935

                                                                                ·
 ·           WH Ireland Limited                                                 Tel: +44 (0) 207 220 1666

 ·           (Nominated Adviser and Joint Broker)

 ·           Antonio Bossi / Darshan Patel / Isaac Hooper
 ·           SI Capital Limited                                                 Tel: +44 (0) 1483 413 500

 ·           (Joint Broker)

 ·           Nick Emerson
 ·           Yellow Jersey                                                      thor@yellowjerseypr.com

 ·           (Financial PR)

 ·           Sarah Hollins / Shivantha Thambirajah / Bessie Elliot

 

About Thor Energy Plc

The Company is focused on uranium and energy metals that are crucial in the
shift to a 'green' energy economy. Thor has a number of highly prospective
projects that give shareholders exposure to uranium, nickel, copper, lithium
and gold. Our projects are located in Australia and the USA.

Thor holds 100% interest in three uranium and vanadium projects (Wedding Bell,
Radium Mountain and Vanadium King) in the Uravan Belt in Colorado and Utah,
USA with historical high-grade uranium and vanadium drilling and production
results.

At Alford East in South Australia, Thor has earnt an 80% interest in oxide
copper deposits considered amenable to extraction via In Situ Recovery
techniques (ISR). In January 2021, Thor announced an Inferred Mineral Resource
Estimate¹.

Thor also holds a 26.3% interest in Australian copper development company
EnviroCopper Limited (ECL), which in turn holds rights to earn up to a 75%
interest in the mineral rights and claims over the resource on the portion of
the historic Kapunda copper mine and the Alford West copper project, both
situated in South Australia, and both considered amenable to recovery by way
of ISR.²³ Alligator Energy recently invested A$0.9M for a 7.8% interest in
ECL with the rights to gain a 50.1% interest by investing a further A$10.1m
over four years.

Thor holds 100% of the advanced Molyhil tungsten project, including measured,
indicated and inferred resources⁴, in the Northern Territory of Australia,
which was awarded Major Project Status by the Northern Territory government in
July 2020. Thor executed a A$8m Farm-in and Funding Agreement with
Investigator Resources Limited (ASX: IVR) to accelerate exploration at the
Molyhil Project on 24 November 2022.(6)

Adjacent to Molyhil, at Bonya, Thor holds a 40% interest in deposits of
tungsten, copper, and vanadium, including Inferred resource estimates for the
Bonya copper deposit, and the White Violet and Samarkand tungsten deposits.
⁵ Thor's interest in the Bonya tenement EL29701 is planned to be divested as
part of the Farm-in and Funding agreement with Investigator Resources
Limited.(6)

Thor owns 100% of the Ragged Range Project, comprising 92 km(2) of exploration
licences with highly encouraging early-stage gold and nickel results in the
Pilbara region of Western Australia.

Notes

(1)
https://thorenergyplc.com/investor-updates/maiden-copper-gold-mineral-resource-estimate-alford-east-copper-gold-isr-project/

(2)
www.thorenergyplc.com/sites/thormining/media/pdf/asx-announcements/20172018/20180222-clarification-kapunda-copper-resource-estimate.pdf
(http://www.thormining.com/sites/thormining/media/pdf/asx-announcements/20172018/20180222-clarification-kapunda-copper-resource-estimate.pdf)

³
www.thorenergyplc.com/sites/thormining/media/aim-report/20190815-initial-copper-resource-estimate---moonta-project---rns---london-stock-exchange.pdf
(http://www.thormining.com/sites/thormining/media/aim-report/20190815-initial-copper-resource-estimate---moonta-project---rns---london-stock-exchange.pdf)

(4)
https://thorenergyplc.com/investor-updates/molyhil-project-mineral-resource-estimate-updated/

(5)
www.thorenergyplc.com/sites/thormining/media/pdf/asx-announcements/20200129-mineral-resource-estimates---bonya-tungsten--copper.pdf
(http://www.thormining.com/sites/thormining/media/pdf/asx-announcements/20200129-mineral-resource-estimates---bonya-tungsten--copper.pdf)

(6)
https://thorenergyplc.com/wp-content/uploads/2022/11/20221124-8M-Farm-in-Funding-Agreement.pdf

The Company notes that for the relevant market announcements noted above, that
it is not aware of any new information or data that materially affects this
information and that all material assumptions and technical parameters
underpinning any estimates continue to apply and have not materially changed.

 

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