Thor Energy Advances HY-Range Project Following Strategic Acquisition

PUBLISHED: Apr 29 2025 @ 03:03 | Comments (0) | More info about Fiona Craig

Thor Energy PLC (LSE:THR) has finalized its acquisition of Go Exploration Pty Ltd, strengthening its foothold in South Australia’s emerging clean energy sector. The company is moving quickly to develop its HY-Range Project, now backed by a regulated substance exploration license covering both hydrogen and helium. Encouraged by early-stage resource assessments, Thor is accelerating its exploration activities to capitalize on the growing demand for alternative energy sources.

Despite facing ongoing financial difficulties—including low profitability, liquidity pressures, and a negative valuation backdrop—the company’s pivot toward hydrogen and helium positions it to tap into long-term energy transition trends. While technical indicators remain mixed, recent corporate developments have slightly improved investor sentiment.

About Thor Energy PLC

Thor Energy PLC is focused on the exploration and development of critical energy resources, including uranium, base metals, and more recently, hydrogen and helium. The company is aligning its asset portfolio with global efforts to transition toward cleaner energy solutions, aiming to play a key role in the supply chain for future fuels.

Market Overview

Year-to-Date Share Price Change: -32.14%
Average Daily Trading Volume: 560,134 shares
Technical Sentiment: Strong Buy
Market Capitalization: £4.77 million

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