External Investment into EnviroCopper Limited

Summary by AI BETAClose X

Thor Energy PLC announced that EnviroCopper Limited (ECL), in which Thor holds just over 24% stake, has signed an agreement for Future Equity and Collaboration with an international company. The investor will invest A$3.5 million into ECL's ISR technology and its Kapunda and Alford copper projects in South Australia. The investor has the option to convert the A$3.5 million investment into 972,222 shares in ECL at A$3.60 per share. Thor currently owns 1,157,143 shares in ECL. Thor Energy's corporate focus remains on its HY-Range natural hydrogen and helium project in South Australia.

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Thor Energy (THR)
UK 100

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