Thor Energy shares rise due to strengthened cash position and hydrogen/helium exploration progress
Thor Energy shares rose 10% following its first quarter update, which highlighted a stronger cash position and progress in its hydrogen and helium exploration projects. The company's cash balance increased to A$3.31 million after selling the Molyhil Tungsten-Molybdenum Project, with additional annual payments expected over the next three years.
Topics: cash position helium exploration hydrogen exploration natural resources project updates