Thor Energy focused on move into hydrogen and helium
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Thor Energy is working on acquiring Go Exploration to enter the South Australian hydrogen and helium exploration industry. The acquisition is attractive due to the strategic PEL 120 licence. Thor has also completed a drill program at its US uranium assets.
January 28, 2025 | 8:45 am
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POSITIVE IMPACT
Thor Energy is acquiring Go Exploration to enter the hydrogen and helium industry in South Australia, leveraging the strategic PEL 120 licence. This move could diversify Thor's portfolio and enhance its growth prospects.
The acquisition of Go Exploration positions Thor Energy in the promising hydrogen and helium sector, potentially increasing its market value. The strategic PEL 120 licence is a significant asset, enhancing the attractiveness of this move.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90