Thor Mining well prepared for any buoyant price cycle in the minerals sector, says chairman

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Thor Mining PLC (LON:THR) lost GBP922,000 in the year to June 2020. The company had cash and cash equivalents of GBP233,000 at the period end.

“Thor Mining has a solid portfolio of assets from the development ready 100%-owned Molyhil tungsten-molybdenum project, the exciting Kapunda and Moonta copper projects, via our interest in Envirocopper Ltd, the large tungsten resource at Pilot Mountain, and our new Ragged Range gold-nickel venture in the Pilbara region of Western Australia,” said Thor’s chairman Mick Billing.

He also highlighted the new uranium-vanadium project tenements in Utah and Colorado as showing significant potential.

“If the broad basket minerals sector is setting up for a buoyant price cycle, then your company is well prepared to participate,” he said.

Thor’s shares have risen by around 30% since the start of the year.

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