Thor Sells Stake in Mining JV to Focus on Hydrogen & Helium

Sep 16, 2025

2 min read

Thor Energy signed a term sheet with Tivan Limited to sell its 75% interest in the FRAM JV, which includes the Molyhil tungsten-molybdenum-copper project in the Northern Territory, for total consideration of A$8.75mm (A$6.56mm net to Thor).

Want to read more?

Subscribe to akapenergy.com to keep reading this exclusive post.

Subscribe Now

Recent Posts

See All

Meissner Raises C$3.6mm to Replace Helium-3 Cooling in Quantum Computers

Canadian materials-science startup Meissner has raised C$3.6mm to develop superconductors capable of operating at higher temperatures, potentially allowing quantum computers to use widely available he

Saskatchewan's Second Helium Permit Auction Raises C$2.5mm

Saskatchewan's second Crown public offering for Helium and Associated Gases permits, held on 1st September, sold all 13 permits on offer: over 272k hectares for C$2.5mm.

Another helium IPO looks set to join the US market

Privately held Innov8 Gases is preparing for a planned listing on a major US exchange, adding another potential public-market name to the growing North American helium sector.