06:20 AM EDT, 09/15/2026 (MT Newswires) -- Thor Energy (THR.L) said Tuesday it received AU$1.3 million as an initial deferred payment for the sale of its stake in the Fram joint venture to Tivan. The payment represents Thor Energy's 75% share of the first of three annual deferred completion payments under the September 2025 deal for the sale of the Molyhil tungsten/molybdenum/copper project in the Northern Territory, Australia, to Tivan for a total of AU$8.8 million. The exploration company plans to use the proceeds to fund the ongoing exploration and development activities across its South Australian natural hydrogen, helium, and gas storage project.

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