Business
Quarterly Activities and Cash Flow Report Q4 2025
Thor Energy PLC reported its activities for October to December 2025, ending the year with a cash balance of $1,660,000 after net cash outflows of $63,000 from operating and investing activities, which included $88,000 for exploration. The company is advancing its HY-Range Project in South Australia with Phase 2 geochemical sampling continuing through Q1 2026, and is preparing for a 2D seismic survey in mid-2026. Thor has divested its US Uranium assets and sold the Molyhil Tungsten Project for A$6.56 million, receiving A$2.25 million post-period, and retains significant upside in its South Australian copper-gold assets through a strategic A$3.5 million investment in EnviroCopper Limited. Disclaimer*
About this update from Thor Energy Plc
[{"type":"text","content":"\n\nThis announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended (\"MAR\"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n30 January 2026\n \nThor Energy PLC\n \n(\"Thor\" or the \"Company\")\n \nQuarterly Activities and Cash Flow Report October to December 2025\n \nThor Energy PLC (\"Thor\") (AIM, ASX: THR, OTCQB: THORF) is pleased to report on its activities for the Quarterly period October to December 2025.\n \nAndrew Hume, CEO and Managing Director, Thor Energy Plc, commented:\n\"This final quarter of 2025 has fulfilled a pivotal year of strategic transformation for Thor Energy. I am delighted to report that we ended the year with a healthy financial position, having successfully reshaped the Company to prioritise the high-growth natural hydrogen and helium sector, whilst simultaneously reinforcing our strategic metals portfolio through portfolio rationalisation, intelligent monetisation and strong partnerships.\n \n\"At our flagship HY-Range Project (Regulated Substance Exploration Licence, RSEL 802) in South Australia, we continue to progress swiftly from concept to drill readiness. Following the exceptional results of May 2025's Phase 1 geochemical sampling program, we commenced Phase 2 in November, a design that is an extended monitoring campaign continuing through Q1 2026. This program enables rigorous measurement of gas flux over time and proactively ground-truths our high-grade anomalies. This high-fidelity dataset is a prerequisite for finalising the design of our major 2D seismic survey scheduled for mid-2026 and the subsequent drilling campaign.\n \n\"Crucially, this committed work program is supported by our successful non-dilutionary funding strategy. The 75% divestment of our US Uranium assets to Metals One and the 100% sale of the Molyhil Tungsten Project to Tivan Limited (completing post-period) simplified our portfolio and crucially facilitated the working capital necessary to advance our ambitions.\n \n\"Simultaneously, we have retained significant upside in our exciting South Australian copper-gold as...