On the 16 July 2020 Thor announced the saleof it’s Spring Hill gold project royalty entitlement,conditional on approval from the Australian Government Foreign Investment Review Board (FIRB).Initial payment of $50,000will befollowed by $350,000 upon completion,including FIRB approval. A further two payments of $300,000 each are subject to milestones associated with the Spring Hill gold project, the first milestone being sales of 25,000 ounces of gold, and the second milestone being the sale of a further 25,000ounces of gold.The Companyalso expects to lodge a claim for the Research & Development Tax Incentive (RDTI) in the coming quarter. The quantum of the RDTIis expected to be in the vicinity of $150,000.
THR Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
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