28 June 2024
Thor Energy Plc
("Thor" or the
"Company")
Director/PDMR
Shareholding
The Directors of Thor Energy Plc
(AIM, ASX: THR) announce that two directors, Nicole Galloway
Warland and Alastair Clayton (the "Directors"), have increased
their interests in Company.
The change in the Director's
interest follows the allotment of ordinary shares of of 0.1p each
("Ordinary Shares") (traded as CDI's on the ASX) for A$0.013 per
Ordinary Share and unlisted options (exercise price A$0.026,
expiring 27 June 2027) on the basis of one free attaching option
for every two Ordinary Shares. The Ordinary Shares were subscribed
for as part of the placing of 100,000,000 new Ordinary Shares
announced on 13 May 2024 (the "Placing"). The Directors
participated in the Placing on the same terms as other
investors. The participation by the Directors in the Placing
was approved by shareholders at the recent General Meeting held 20
June 2024.
|
Director/PDMR
|
Number of ordinary shares
traded as CDI's acquired
|
Resultant number of CDI's
held
|
Resultant Percentage Share of
Issued Capital
|
Number of options
acquired
|
Resultant number of options
and performance shares
|
|
Nicole
Galloway Warland
|
1,000,000
|
1,325,000
|
0.35%
|
500,000
|
3,700,000
|
|
Alastair
Clayton
|
7,692,308
|
7,692,308
|
2.03%
|
3,846,154
|
5,146,154
|
The relevant details are provided in
the notification below, made in accordance with the requirements of
the EU Market Abuse Regulation.
- Ends -
For further
information, please contact:
|
Thor Energy Plc
|
|
|
Nicole Galloway Warland, Managing
Director
Ray Ridge, CFO / Company
Secretary
|
Tel: +61 (8) 7324 1935
Tel: +61 (8) 7324 1935
|
|
WH Ireland Limited (Nominated
Adviser and Joint Broker)
|
Tel: +44 (0) 207 220
1666
|
|
Antonio Bossi / Darshan Patel
/ Isaac Hooper
|
|
|
SI Capital Limited (Joint
Broker)
|
Tel: +44 (0) 1483 413 500
|
|
Nick Emerson
|
|
|
Yellow Jersey (Financial
PR)
|
thor@yellowjerseypr.com
|
|
Dom
Barretto / Shivantha Thambirajah
/ Bessie Elliot
|
Tel: +44 (0) 20 3004 9512
|
About Thor
Energy Plc
The Company is predominantly focused
on uranium and energy metals that are crucial in the shift to a
'green' energy economy. Thor has several highly prospective
projects that give shareholders exposure to uranium, vanadium,
copper, tungsten, lithium, nickel and gold, located in the
favourable mining jurisdictions of 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 region of Colorado and Utah, 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
a private Australian copper development company EnviroCopper
Limited (ECL), which 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 2022.5
Thor owns 100% of the Ragged Range
Project, comprising 92 km2 of exploration licences
with highly encouraging early-stage gold and nickel results in the
Pilbara region of Western Australia.
For further information on Thor
Energy and to see an overview of its projects, please visit the
Company's website at https://thorenergyplc.com/.
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
³ www.thorenergyplc.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/
5https://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.
Notification of
Transactions of Persons Discharging Managerial Responsibility and
Persons Closely Associated with them
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Nicole Galloway Warland
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Managing Director
|
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Thor Energy Plc
|
|
b)
|
LEI
|
213800WO61Y9GPALD478
|
|
4
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial
instrument, type of instrument
|
Ordinary shares of 0.1 pence each and
options over Ordinary shares
|
|
|
|
|
|
|
|
Identification code
|
GB00BRJ52319
|
|
|
|
|
b)
|
Nature of the transaction
|
Participation in a placement
|
|
.c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
Ordinary
Shares
|
|
AUD 0.013
|
1,000,000
|
|
|
Options
over Ordinary Shares
|
|
Nil
|
500,000
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
|
|
|
Ordinary Shares
|
|
- Aggregated volume
|
1,000,000
|
|
- Price
|
AUD 13,000
|
|
|
|
|
|
Options over Ordinary
Shares
|
|
- Aggregated volume
|
500,000
|
|
- Price
|
Nil
|
|
|
|
|
e)
|
Date of the transaction
|
27 June 2024
|
|
f)
|
Place of the transaction
|
Australian Securities Exchange (ASX)
|
Notification of
Transactions of Persons Discharging Managerial Responsibility and
Persons Closely Associated with them
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Alastair Clayton
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Non-Executive Director (Chair)
|
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Thor Energy Plc
|
|
b)
|
LEI
|
213800WO61Y9GPALD478
|
|
4
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial
instrument, type of instrument
|
Ordinary shares of 0.1 pence each and
options over Ordinary shares
|
|
|
|
|
|
|
|
Identification code
|
GB00BRJ52319
|
|
|
|
|
b)
|
Nature of the transaction
|
Participation in a placement
|
|
.c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
Ordinary
Shares
|
|
AUD 0.013
|
7,692,308
|
|
|
Options
over Ordinary Shares
|
|
Nil
|
3,846,154
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
|
|
|
Ordinary Shares
|
|
- Aggregated volume
|
7,692,308
|
|
- Price
|
AUD 100,000
|
|
|
|
|
|
Options over Ordinary
Shares
|
|
- Aggregated volume
|
3,846,154
|
|
- Price
|
Nil
|
|
|
|
|
e)
|
Date of the transaction
|
27 June 2024
|
|
f)
|
Place of the transaction
|
Australian Securities Exchange (ASX)
|