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Thor Energy PLC - London-based, US and Australia-focused mineral exploration company - Increases Alford East copper oxide project interest to 80% from after acquiring a further 29% interest from Spencer Metals Pty Ltd. Says Spencer received consideration of A$250,000, or £131,854, in the form of around 9.3 million fully paid Thor shares issued on Friday at A$0.027 per share. Managing Director Nicole Gallaway says: ‘As exploration accelerates at our Alford East Copper-REE project in collaboration with Fleet Space Technology, Thor is excited to have completed its stage 2 earn-in resulting in an 80% interest in this highly prospective project. This demonstrates our confidence in the Alford East project and the value we believe it can bring to the company.’ Current stock price: 1.54 pence, down 0.8% 12-month change: down 68% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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