UK 05:17 Monday, 26 October 2026
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Tungsten and molybdenum play Thor Mining (THR) is poised for a busy autumn, after sealing its $1.675 million (£1 million) all-share takeover deal for the Pilot Mountain tungsten project in Nevada, as it also awaits an updated feasibility study on its flagship Molyhill tungsten and molybdenum project in Australia’s Northern Territory. Provided shareholders of Pilot Mountain’s vendor, Black Fire Minerals, approve the takeover next month, AIM-quoted Thor will start work establishing a resource at Pilot Mountain, having by then possibly added as much as 36 per cent more tungsten and 60 per cent more molybdenum to Molyhil’s present ore reserve Down Under of three million tonnes with 0.31 per cent tungsten W03 and 0.12 per cent molybdenum.
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Comments
Marc Johnson
Nice write up on thr however prem provides a better tungsten play as fully funded and has better grades of tungsten. Only problem is location but CEO has a fantastic relationship with Zimbabwe
wildrides
THOR is absolute shite and its Aussi .
If it was any good they would be able to raise funds in AUS
WRES is better ……..in Europe , better grades , better management . Funded , selling product now .