Thor Energy PLC (THR.ASX) has entered into a joint venture agreement with Investigator Resources Limited (IVR.ASX) for the Molyhil Tungsten-Molybdenum Project in the Northern Territory.
The agreement involves a staged earn-in process where IVR will spend $1 million to earn a 25% interest in the project, with the potential to increase their stake to 80% by spending a total of $8 million. This partnership will allow Thor to focus on its priority uranium assets in the USA while still retaining a meaningful interest in the Molyhil Project
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