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Thor Mining PLC on Friday said its shares on the Australian Securities Exchange have been halted to undertake a capital raise.
The raise is aimed to progress the company’s exploration activities on its priority uranium assets in the US, and on its multi-commodity Ragged Range project in Western Australia. The mineral explorer’s trading on AIM is unaffected.
The suspension on the ASX remains in place until either Tuesday or another announcement by Thor Mining, whatever happens, earlier.
Thor Mining shares fell 11% to 0.40 pence each on Friday morning in London.
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