Thor Mining well cashed up to pursue opportunities across diverse portfolio

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Thor Mining PLC (LON:THR)(ASX:THR) lost GBP920,000 in the year to June 2020. As at 30 June the company had GBP233,000 in the bank, although a subsequent placing in September raised just over GBP1mln.

Thor holds 100% of the advanced Molyhil tungsten project in the Northern Territory of Australia, as well as the adjacent Bonya project, which hosts tungsten, copper, and vanadium.

Thor also holds 100% of the Pilot Mountain tungsten project in Nevada, and a 25% interest Australian copper development company EnviroCopper Ltd.

Separately, Thor has also issued 7.5mln new warrants under an employee incentive scheme.

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