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Thor Energy Plc (ASX:THR)

ALERT: Price-sensitive ASX Announcement for THR
Current share price for THR : $0.010 -0.003 (-23.08%)+
Announcement
Release
23 Oct 2025 9:35AM
Price at Release
$0.013
Full Release
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Summary
Thor Energy Plc has finalized a binding agreement with DISA Technologies to process uranium waste dumps in Colorado, which could generate revenue through the recovery of uranium and other critical minerals. DISA has obtained a final U.S. Nuclear Regulatory Commission license, allowing it to remediate abandoned uranium waste using its High-Pressure Slurry Ablation technology. Thor will receive a percentage of the gross revenue from the project, which involves no capital or operational expenditure for Thor. The agreement marks a significant step in leveraging domestic recovery of critical minerals, supported by U.S. government initiatives.
Key Points
  • Binding agreement signed between Thor Energy Plc and DISA Technologies.
  • DISA granted U.S. NRC license to remediate uranium waste.
  • No capital or operating expenses for Thor Energy Plc under the agreement.
  • Revenue from saleable uranium and minerals recovered from waste.
  • DISA to operate the project and cover all associated costs.
  • U.S. government support for domestic recovery of critical minerals.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.