Thor Energy Sells FRAM JV Stake for A$8.75M to Fund Natural Hydrogen & Helium Exploration

Thor Energy (ASX/AIM: THR) has agreed to sell its 75% interest in the FRAM Joint Venture, which holds the Molyhil tungsten–molybdenum–copper project in the Northern Territory, to ASX-listed Tivan Ltd for a total consideration of A$8.75 million. Thor’s share amounts to approximately A$6.56 million, to be received through a mix of upfront and staged payments running through to 2028.

The divestment represents a major step in Thor’s strategy to sharpen its focus on the HY-Range natural hydrogen and helium project in South Australia. By monetising a non-core asset, the company secures significant non-dilutive funding to accelerate its hydrogen and helium exploration without issuing new equity.

Chairman Alastair Clayton described the transaction as a clear validation of Thor’s portfolio management approach, highlighting that the proceeds will allow the company to deploy more resources into advancing HY-Range while limiting shareholder dilution. The transaction is expected to close by December 2025, subject to standard conditions and approvals.

With global investor interest growing around natural hydrogen and helium as part of the energy transition, Thor Energy’s strengthened balance sheet positions it to play a leading role in advancing Australia’s frontier exploration efforts.

Full press release can be found below.