
October 13, 2024
Assays extend the Talus soil anomaly by ~340% and define several new anomalies within the structural corridor significantly increasing the scale and prospectivity of the project
Infini Resources Ltd (ASX: I88, “Infini” or the “Company”) is delighted to announce the results of its major follow up soil sampling program at its highly prospective and 100% owned Portland Creek Uranium Project in Newfoundland, Canada. These assay results mark the completion of the Company’s follow up exploration program (Figure 1 and refer to ASX announcement 16 September 2024).
HIGHLIGHTS
- Extraordinarily high soil uranium assays now define a ~800m x 100 m zone coincident with a north-south shear and three major converging secondary faults. The zone remains open to the east and west with a peak assay result of 7.5% U3O8.
- New high-grade uranium soil assays include:
- IRS0755: 4,056 ppm U3O8
- IRS0571: 3,679 ppm U3O8
- IRS0572: 3,007 ppm U3O8
- IRS0567: 2,901 ppm U3O8
- IRS0783: 2,264 ppm U3O8
- IRS0774: 2,193 ppm U3O8
- IRS0788: 1,981 ppm U3O8
- IRS1174: 1,604 ppm U3O8
- IRS0772: 1,164 ppm U3O8
- IRS1100: 1,116 ppm U3O8
- Additional geochemical anomalism identified in the North and South is highly encouraging as it indicates potential for additional undiscovered uranium deposits to exist within the project
- These exceptional follow up soil geochemistry results at Portland Creek significantly increase the prospectivity of the project by adding numerous additional drill targets to the exploration portfolio
- UAV magnetic survey planned to commence late October will help determine what litho-structural controls exist underneath the numerous and large new soil anomalies identified in the North and South
Infini’s Managing Director and CEO, Charles Armstrong said: “These follow up soils are incredibly exciting, with exploration to date indicating that Portland Creek may be host to a large, high-grade uranium system. These results increase the prospectivity of the ground significantly and further increase our confidence that the source of the primary uranium mineralisation is close by. The initial zone has now grown from an original ~235m x 100m to ~800m x 100m (340% increase) which is an outstanding result.
Furthermore, we now have additional grouped uranium soil anomalies located ~500m to the North and
~1.5km to the South. We are prioritizing the Talus high grade zone as our top maiden drill target and now we can use this data to finalise our diamond drill plans.”
Click here for the full ASX Release
This article includes content from Infini Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
I88:AU
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4h
Trump Admin Pushes for Uranium Stockpile Boost to Secure Nuclear Power Future
The US is stepping up efforts to expand its strategic uranium stockpile as Washington looks to shield nuclear power from supply risks tied to Russia and bolster domestic supply chains.
Secretary of Energy Chris Wright told Bloomberg on Monday (September 15) that the Trump administration is determined to reduce US dependence on Russian-enriched uranium. It still accounts for about a quarter of the fuel used in America’s 94 nuclear reactors, which generate roughly 20 percent of the nation’s electricity.
“We’re moving to a place — and we’re not there yet — to no longer use Russian enriched uranium,” he said. “We hope to see rapid growth in uranium consumption in the US from both large reactors and small modular reactors. The size of that right buffer would grow with time. We need a lot of domestic uranium and enrichment capacity.”
The concept of a federal uranium reserve is not new. The first Trump administration sought US$150 million in 2020 to begin direct purchases from US producers, though Congress approved only half the request.
Former President Joe Biden later built on the plan, and in 2022 the Department of Energy awarded contracts to companies for hundreds of thousands of pounds of uranium.
Still, inventories of uranium remain thin by global standards.
US utilities hold an average of 14 months of uranium inventory, compared with 30 months in the EU and more than a decade’s worth in China, according to recent data from the International Atomic Energy Agency.
Wright said the department is “furiously at work” to rebuild supply chains and reduce exposure to Moscow, which in late 2024 briefly restricted uranium exports to the US in retaliation for sanctions.
A law signed in May 2024 requires US utilities to phase out Russian uranium by 2028. Wright did not specify how much additional material the reserve should hold, but suggested growth would be calibrated to reactor construction.
On the processing side, the US currently relies on just two commercial enrichment plants.
According to Bloomberg, the larger facility, operated by the Urenco Group consortium in New Mexico, provides fuel for traditional light-water reactors. In Ohio, Centrus Energy (NYSE:LEU) recently began producing high-assay low-enriched uranium, a material required for advanced reactors now under development.
Global competition for nuclear fuel
The US push comes as other major powers also move to secure uranium.
China recently announced the discovery of a large uranium deposit in the Tarim Basin at a depth of 1,820 meters, the deepest sandstone-type find on record for the country.
State-owned China National Nuclear said the deposit was identified through deep drilling and geological modeling, and will support Beijing’s effort to reduce imports as it builds out the world’s fastest-growing nuclear fleet.
Sandstone deposits are relatively cheap to exploit, making them attractive for fueling large-scale expansion.
China National Nuclear said the find strengthens its domestic resource base as China seeks to underpin an ambitious nuclear program designed to meet rising electricity demand and cut carbon emissions.
For the Trump administration, its uranium strategy is part of its effort to revive the domestic nuclear industry, which has struggled with high costs and competition from natural gas and renewables.
Recent executive orders from the White House call for strengthening domestic fuel supply chains and investing in workforce development to ensure the sector remains competitive.
While the US once dominated nuclear technology, years of underinvestment left fuel production concentrated in Russia and, to a lesser degree, Europe. Officials now see that dependence as a strategic liability at a time when energy security is increasingly bound up with geopolitical rivalry.
Don't forget to follow us @INN_Resource for real-time news updates!
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
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7h
Uranium.io Shakes Up Uranium Market With Launch of Real-Time Price Oracle
Uranium-related financial instruments, such as ETFs, have outperformed bitcoin this year.
The crypto industry is not just about ETFs and price surges; it's also about tackling real-world market inefficiencies. The launch of Uranium.io's near-real-time uranium pricing oracle is a prime example of that.
Uranium.io, a platform tokenizing Uranium, unveiled its pricing oracle on Tuesday, aimed at addressing the price opacity issues in the uranium market.
What to know:
- Uranium.io has launched a near-real-time pricing oracle to address price opacity in the uranium market, enhancing transparency and efficiency.
- The platform tokenizes uranium, allowing investors to trade fractional shares of physical uranium, democratizing access to a traditionally restricted market.
- Uranium-related financial instruments, such as ETFs, have outperformed bitcoin this year, highlighting growing investor interest in uranium assets.
Unlike oil, gold, base metals and agri commodities, uranium pricing has long relied on over-the-counter deals – privately negotiated and fragmented transactions that leave market participants in the dark. This absence of a reliable real-time market action gauge has bred inefficiencies and uncertainty, limiting broad-based participation in the market.
Uranium.io's oracle changes the game by aggregating data from dozens of market sources, including spot price feeds, nuclear-sector equities, commodity funds, and related assets.
The proprietary system uses sophisticated algorithms to update uranium spot price estimates every 60 seconds, providing an almost live pricing engine that mirrors the complex dynamics of uranium fluctuations.
"While uranium itself trades privately, its value is constantly being priced in public markets through related assets like uranium ETFs, mining stocks, and specialized funds. Our oracle uses statistical modeling to synthesize these pricing signals into a near-real-time uranium spot price estimate. It's similar to how other commodity benchmarks work, aggregating signals from related markets to create reliable price references," Ben Elvidge, Head of Commercial Applications at Trilitech and the Product Lead for Uranium.io, told CoinDesk.
Uranium.io is a blockchain-based project that aims to democratize the uranium market. The platform enables individual and institutional investors to trade and own fractional shares of physical uranium (U₃O₈), also known as "yellow cake," providing transparent access to a market traditionally dominated by large institutions.
Each xU308 token is backed by real, physical uranium stored in a regulated facility operated by Cameco, which is the world's largest publicly traded uranium company, based in Saskatoon, Saskatchewan, Canada.
The tokenization process begins once the physical uranium is verified and registered on the Tezos blockchain, including its physical properties, storage locations and regulatory approvals. A smart contract is then deployed to represent the uranium asset digitally on the blockchain, after which tokens are minted.
Arthur Breitman, co-founder of Tezos, stated that the pricing oracle will initiate the virtuous cycle of injecting efficient pricing information into the market, thereby enhancing liquidity and market efficiency.
"Price discovery for uranium isn't just happening in the uranium spot markets but across a wide array of economically related assets. The oracle starts a virtuous circle by injecting this information back into the uranium market, which in turn can improve its liquidity and foster better price discovery in the spot market," Brietman said in a press release shared with CoinDesk.
Spot Uranium ETF outshines BTC
While individual investors typically cannot own physical uranium, they have gained exposure through financial instruments such as uranium futures and exchange-traded funds (ETFs), which have provided significantly higher returns than bitcoin this year.
For instance, the Global Uranium ETF (URA) has surged by 71% this year, outperforming notable ETFs like BlackRock's bitcoin ETF, IBIT, which has gained 27%, showcasing the growing investor interest and strong performance potential in uranium-related assets.
The global uranium market has traditionally been fragmented and restricted, particularly for retail investors who face significant barriers to directly holding physical uranium.
This is largely due to uranium's association with nuclear weapons and strict regulatory controls. However, uranium remains a critical element at the heart of the clean energy transition, powering nuclear reactors that provide low-carbon electricity globally.
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11 September
North Shore Expands Land Position at Rio Puerco
North Shore Uranium Ltd. (TSXV:NSU) ("North Shore" or the "Company") is pleased to announce that it has staked 27 additional mining claims (the "New Claims") at its Rio Puerco uranium project in northwestern New Mexico ("Rio Puerco" or the "Project"). The Project now includes 64 adjoining Bureau of Land Management ("BLM") claims.
In 2009, a historical uranium resource estimate of 6.0 million tonnes at an average grade of 0.09% eU3O8 for 11.4 million pounds of U3O8 was reported for Rio Puerco (the "Historical Resource"). Initial review of the historical data suggests the potential for in-situ recovery ("ISR") mining, the lowest cost method for producing uranium. The entire Historical Resource is located on the original 37 Rio Puerco claims (the "Original Claims"). Previously completed exploration work suggests that there is potential to expand the reported uranium mineralization on both the Original Claims and the New Claims.
Brooke Clements, President and CEO of North Shore stated: "North Shore's Rio Puerco project in the Grants Uranium District of New Mexico, USA, hosts a significant historical uranium resource with excellent upside. The staking of 27 new claims complements the Company's strategy of confirming and expanding upon the scale of uranium mineralization found by previous work done at Rio Puerco while further assessing the potential for ISR uranium recovery."
RIO PUERCO WORK HISTORY AND HISTORICAL RESOURCE ESTIMATES
Uranium was first discovered at Rio Puerco in 1968. The claims covering the discovery were ultimately optioned to Kerr-McGee Corporation who drilled over 1,000 holes. Based on the results of that work, they began the development of the Rio Puerco Mine in the 1970s. The uranium mineralization is hosted in sandstone of the Jurassic-aged Morrison Formation, host to almost all of the significant uranium deposits in the Grants Uranium District, the largest historical uranium producing area in the United States. The mine was intended to be a room and pillar underground mine but was never put into production. Activity ceased after a short trial mining phase due to low uranium prices at the time. The underground mine infrastructure included a 260m vertical shaft, ventilation shafts, mining adits and support buildings. The mining shaft remains and road access to the site is excellent.
In 2009, Monaro Mining NL ("Monaro") commissioned an independent geological review and resource estimate for Rio Puerco using exploration data generated by Kerr-McGee in the 1960s and 1970s. The data used for the resource estimate consisted of historical maps and data from 764 drill holes including downhole gamma-ray data converted to percent equivalent U3O8 (eU3O8), geological logs and drillhole survey data. Monaro reported a JORC 2004-compliant inferred resource of 6.0 million tonnes at an average grade of 0.09% eU3O8 using a cutoff grade of 0.03% eU3O8 for 11.4 million pounds of contained U3O8 [1]. JORC is the Australian Joint Ore Reserves Committee, a professional code of practice that sets minimum standards for public reporting of Mineral Resources.
In 2011, Australian-American Mining Corporation Ltd. commissioned a technical report on Rio Puerco. This most recent report validated and confirmed the Historical Resource[2].
The Historical Resource outlined in this news release has not been verified and should not be relied upon. It is a historical estimate and not current and does not comply with Canadian NI 43-101 guidelines for the reporting of Mineral Resources. A qualified person has not verified the Historical Resource estimate on behalf of the Company and North Shore has completed no work programs at Rio Puerco. Though not current, the Company views the Historical Resource estimates as reliable and sufficient to justify the initiation of work programs aimed at validating and potentially expanding upon the estimates. There is no guarantee that the work programs envisioned by North Shore will ultimately result in the definition of NI 43-101 compliant resources.
The 27 new BLM claims are subject to the Rio Puerco Option Agreement under which North Shore has the right to acquire up to an 87.5% interest in Rio Puerco from Resurrection Mining LLC ("Resurrection"). Further information on Rio Puerco can be found in the Company's news releases dated June 24, 2025, and August 28, 2025.
The key assumptions, parameters, and methods used to prepare the Historical Resource estimate are described in the referenced technical reports.
EQUITY COMPENSATION
On September 10, 2025, the Board of Directors of the Company approved a grant of a total of 1,625,000 restricted share units ("RSUs") to directors, officers and consultants of the Company under the Company's shareholder approved Equity Incentive Plan. The RSUs will vest on the first anniversary of the grant date and will be settled in accordance with the Equity Incentive Plan.
In addition, a total of 2,075,000 stock options were granted pursuant to the Company's shareholder approved Stock Option Plan to directors, officers and consultants of the Company, and grant the holder the right to purchase one common share at a purchase price of $0.175 per common share for a period of five (5) years from the date of grant. The stock options will vest immediately upon grant.
The securities issued pursuant to the equity grants described herein are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws and the policies of the TSX Venture Exchange. The equity grants described herein remain subject to the approval of the TSX Venture Exchange.
ABOUT NORTH SHORE
The nuclear power industry is in growth mode as more nuclear power will be required to meet the world's ambitious CO2 emission-reduction goals and the needs of new power-intensive technologies like AI. In this environment, new discoveries of economic uranium deposits will be very valuable, especially in established uranium-producing jurisdictions like Saskatchewan and New Mexico. North Shore is well-positioned to become a major force in exploration for economic uranium deposits. The Company is working to achieve this goal by exploring Rio Puerco in the Grants Uranium District of New Mexico and its Falcon and West Bear properties at the eastern margin of the Athabasca Basin in Saskatchewan. In addition, the Company continues to evaluate quality opportunities in the United States and Canada to complement its portfolio of uranium properties.
QUALIFIED PERSON
Mr. Brooke Clements, MSc, P.Geol., a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects and the President and CEO of North Shore, has reviewed and approved the scientific and technical disclosure in this press release.
ON BEHALF OF THE BOARD
Brooke Clements,
President, Chief Executive Officer and Director
For further information:
Please contact: Brooke Clements, President, Chief Executive Officer and Director
Telephone: 604.536.2711
Email: b.clements@northshoreuranium.com
www.northshoreuranium.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains forward-looking statements. All statements, other than statements of historical fact, that address activities, events, or developments that the Company believes, expects, or anticipates will or may occur in the future are forward-looking statements. These statements reflect management's current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause actual results to differ materially from those discussed in the forward-looking statements. Forward-looking statements in this release include, but are not limited to: the Company's plans to confirm and expand upon the scale of uranium mineralization at the Rio Puerco project; the potential for in-situ recovery (ISR) mining at Rio Puerco; the initiation and results of work programs aimed at validating and potentially expanding upon historical resource estimates; the Company's ability to acquire up to an 87.5% interest in the Rio Puerco project and to create a joint venture with Resurrection Mining LLC; the grant, vesting, and settlement of restricted share units and stock options under the Company's equity incentive plans; the Company's ability to attract and retain directors, officers, and consultants through equity compensation; the Company's strategy to become a major force in uranium exploration and to evaluate additional opportunities in the United States and Canada; the actual results of current and planned exploration activities, including the potential for the definition of a mineral deposit of potential economic value at the Company's Falcon property in Saskatchewan and Rio Puerco in New Mexico; the ability of the Company to meet milestones and make bonus payments to Resurrection; the interpretation and meaning of completed and future geophysical surveys, drilling results, and economic evaluations; the availability of sufficient funding on terms acceptable to the Company to complete planned work programs; the timing and receipt of required regulatory and governmental approvals; and other statements that are not historical facts. Forward-looking statements are frequently characterized by words such as "plan", "project", "appear", "interpret", "coincident", "potential", "confirm", "suggest", "evaluate", "encourage", "likely", "anomaly", "continuous" and variations of these words as well as other similar words or statements that certain events or conditions "could", "may", "should", "would" or "will" occur. These statements are subject to various risks and uncertainties that may cause actual results to differ materially from those anticipated or implied, including, but not limited to: the speculative nature of mineral exploration and development projects; the ability to obtain necessary permits and approvals; changes in project plans and parameters; variations in mineral grades and recovery rates; accidents, labour disputes and other risks of the mining industry; the availability of funding on terms acceptable to the Company; delays in obtaining governmental approvals or financing; fluctuations in metal prices; and other factors described in the Company's public disclosure documents. There may be other factors that cause actual results, performance, or achievements to differ materially from those anticipated or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events, or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Any forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.
[1] Monaro Mining NL, 2009, 250% increase in uranium resource inventory at Rio Puerco deposit, New Mexico USA: Monaro Mining NL ASX news release: (link)
[2] Boyer, D. and Ostensoe, E., 2011, NI 43-101 technical report, Rio Puerco deposit, Sandoval county, New Mexico, USA: Independent report commissioned by Australian-American Mining Corporation Ltd.: (link)
Click here to connect with North Shore Uranium Ltd. (TSXV:NSU) to receive an Investor Presentation
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10 September
Mart Wolbert: Uranium Prices, Supply, Demand — What's Next as Mindset Shifts
Mart Wolbert, analyst at Contrarian Codex, is seeing a uranium mindset shift as more investors take stock of the growing supply/demand imbalance in the market.
He explains how he's approaching uranium stocks and shares his price outlook.
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
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09 September
From Nuclear to Blockchain: How xU3O8 is Reimagining Uranium Ownership
xU3O8 has reached a key milestone with the listing of its uranium-backed token across major crypto exchanges, opening the door for investors to gain direct exposure to uranium at a time when demand is accelerating, said Arthur Breitman, co-founder of Tezos, which provides the blockchain platform for xU3O8.
“xU3O8 is a tokenized asset. It represents tokenized beneficial ownership in uranium oxide,” Breitman explained. “And the platform uranium.io allows people to come in and then buy this tokenized ownership in uranium, which can be interesting for people interested in owning the commodity.”
Breitman also explained the advantages of buying tokenized uranium versus investing in uranium stocks or uranium funds.
“If you're talking about (investing in) a uranium mine, for example, you will carry idiosyncratic risk, which is tied to this company … And then there are also (other) products around uranium, like the spot trade ... But these are funds; you're not buying uranium, you're buying a share in a fund.
“With xU3O8, you do not have this issue, because you have convertibility with the physical uranium behind it,” Breitman said.
Watch the full interview with xU3O8 co-founder Arthur Breitman above.
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04 September
Term Sheet to Treat Colorado Project Uranium Waste Dumps and Gross Revenue Sharing Agreement with DISA Technologies
Pathway for Thor Energy PLC to potentially generate revenue from US Uranium and Critical Minerals Production
Thor Energy plc ("Thor") (AIM, ASX: THR, OTCQB: THORF) is pleased to announce the signing of a term sheet ("Term Sheet") with DISA Technologies, Inc. ("DISA") to seek to evaluate and if successful, treat historically abandoned uranium mine waste dumps ("Waste") and recover saleable uranium and other critical minerals concentrates at Thor's Colorado uranium claims. Thor holds 25% ownership rights to uranium minerals on U.S. Bureau of Land Management ("BLM") via its US subsidiary Standard Minerals Inc. ("Standard") that holds the projects (the "Colorado Projects") in Colorado in the United States, along with the 75% holder, London-listed Metals One PLC (AIM: Met1).
Highlights:
- Standard to be paid a Gross Revenue Share of any saleable uranium and other critical mineral concentrates recovered from waste at its Colorado Projects via deployment of DISA's modular mobile plants utilising the patented High-Pressure Slurry Ablation ("HPSA") system.
- No capital expenditure or operating expenditure is payable by Standard or Thor.
- Thirteen separate prospective waste dumps have been ground surveyed at Standard's Colorado Projects; others may be added to this inventory over time.
- Standard to receive a percentage of gross product sale revenue stream, minus certain post-treatment allowable costs. A sliding scale with a base rate of 2.5%, through to 4.0% in certain metals pricing environments.
- DISA will be the operator of the Colorado Projects and to pay all associated costs of economic evaluation, permitting, treatment and ongoing remediation.
Advantages of HPSA:
- The High-Pressure Slurry Ablation ("HPSA") process treats surface dumps of previously partially mined and aggregated material.
- DISA has been working with the U.S. Nuclear Regulatory Commission (NRC) since 2021 on a robust licensing process, which is expected to conclude soon. This would make DISA the first company to receive a Service Providers License (SPL) to remediate abandoned uranium mine waste.
- Aside from extracting valuable uranium and critical minerals, the process delivers significant improvements to the local environment and watersheds by removing, on average, 90% of the uranium and radium-226 content from the waste, as evidenced by a treatability study DISA completed with the U.S. Environmental Protection Agency1.· Strong US Government support for domestic recovery of uranium and critical minerals from legacy mine waste. This activity is directly in line with the recent Secretarial Order from the Department of the Interior (Order No. 3436: Unlocking Critical and Strategic Minerals from Mine Waste, Cutting Red Tape, and Restoring American Dominance in Strategic Mineral Production).
Next Steps:
- Characterisation program with a combination of assay and gamma probe to determine likely quantities of uranium and other recoverable minerals present in the waste dumps and economic evaluation.
- Application and completion of all requisite permits needed to commence treatment of waste and recovery of payable concentrates using HPSA technology.
- Future potential sale of metals concentrates and payment of gross revenue to Thor via Standard.
- Parties will immediately move to finalise and execute a more detailed binding agreement and complete any outstanding conditions precedent to the transaction.
Alastair Clayton, Chairman, commented:
"We are pleased to announce the Term Sheet executed with DISA today to help facilitate Thor potentially becoming revenue-generating from US uranium and critical metals production. Moving our US uranium projects forward in a non-dilutionary manner has been a priority for some time. DISA is a world leader in its materials upgrading technology, and its patented HSPA process is considered a revolutionary, non-chemical technology.
"Importantly, DISA's NRC licensing process is expected to conclude soon. This would make DISA the first company to receive a Service Providers License to remediate abandoned uranium mine waste, a hugely appealing regulatory framework. A major benefit is that the process does more than just extract value, it also leaves behind a substantially improved local environment by remediating these historic legacy sites. Thor looks forward to working with DISA going forward as we move towards generating revenue from these recycled materials."
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Figure 1 - Example of Gen B modular HPSA components - Source: DISA
The Board of Thor Energy Plc has approved this announcement and authorised its release.
For further information on the Company, please visit the website or please contact the following:
Thor Energy PLC
Andrew Hume, Managing Director
Alastair Clayton, Non-Executive Chairman
Rowan Harland, Company Secretary
Tel: +61 (8) 6555 2950
Zeus Capital Limited (Nominated Adviser and Joint Broker)
Antonio Bossi / Darshan Patel / Gabriella Zwarts
Tel: +44 (0) 203 829 5000
SI Capital Limited (Joint Broker)
Nick Emerson
Tel: +44 (0) 1483 413 500
Yellow Jersey (Financial PR)
Dom Barretto / Shivantha Thambirajah / Bessie Elliot
thor@yellowjerseypr.com
Tel: +44 (0) 20 3004 9512
Competent Person Statement
The information in this report that relates to exploration results and exploration targets is based on information compiled by Andrew Hume, who holds a BSc in Geology (Hons). Mr Hume is an employee of Thor Energy PLC. He has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' and is a qualified person under AIM Rules. Andrew Hume consents to the inclusion in the report of the matters based on his formation in the form and context in which it appears.
About Thor Energy Plc
The Company is focused on Hydrogen and Helium exploration which are crucial in the shift to a clean energy economy, with a portfolio that also includes uranium, and other energy metals. For further information on Thor Energy and to see an overview of its projects, please visit the Company's website at https://thorenergyplc.com/.
About DISA Technologies
Founded in 2018, DISA Technologies is revolutionizing mineral recovery with our patented High-Pressure Slurry Ablation (HPSA) technology-an innovative solution that upgrades critical minerals from mined ore and legacy waste. Serving both the mining and remediation sectors, we recover valuable resources that power industry, strengthen energy independence and restore contaminated sites to productive use. DISA's technology unlocks economic and environmental value, transforming how the world processes, remediates and recycles essential mineral assets. DISA is headquartered in Casper, Wyoming, with a satellite office in Westminster, Colorado.
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