Companies / THR

THOR ENERGY PLC

ASX:THRMaterials
1.03B shares on issueASX (delayed) · as of 28 July 2026$0.009price · delayed$9.3Mmarket cap · indicative
C
Dilution grade

Share count grew 209% in 24 months; options/rights overhang 88% of shares; runway 4–8 quarters

Cash runway4.6 quarters of funding
Share-count growth (24m)208.8%
Raise cadence (24m)1 cash raise
Options & rights overhang88.5% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

THOR ENERGY PLC's ordinary share count grew 208.8% between June 2024 and August 2025, to 726M shares. The company raised capital once in that period for total proceeds of A$2.0M, from a transaction in October 2024 that reported A$2.0M of proceeds. Options and rights on issue could convert into 912M new shares, equal to 88.5% of the current share count, with 0% in the money at the current share price and the nearest expiry in February 2027. At the March 2026 quarter the company reported A$2.6M in available cash, equal to 4.6 quarters of funding at its recent spending rate. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
Email me when this grade changes
Alerts are coming soon — this opens a pre-filled email that puts you on the list.
88.5%
Max option dilution
0.0%
ITM option dilution
0
Raises · last 12 months
4.6 qtrs
Cash cover · over 4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 1.03B per ASX (delayed) (28 July 2026).
590.2M751.7M913.1MDec 24Sept 25July 26

Cash runway

4.6 qtrs
More than four quarters of funding at the recent spend rate.
$2.6M available cash at quarter ended 31 Mar 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds.
Paid plan
Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 31 Mar 2026.
Join the waitlist

Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityTotal on issue afterSource
9 Dec 20253G · unquotedCHESS DEPOSITARY INTERESTS702.2MAppendix 3G
24 Nov 20253H · cancellationTHR : CHESS DEPOSITARY INTERESTS 1:1709.3MAppendix 3H
15 Aug 20253G · unquotedTHR : CHESS DEPOSITARY INTERESTS 1:1733.0MAppendix 3G
1 Aug 20252A · quoted issueTHR : CHESS DEPOSITARY INTERESTS 1:1725.8MAppendix 2A
1 Aug 20252A · quoted issueTHR : CHESS DEPOSITARY INTERESTS 1:1720.8MAppendix 2A
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
Join the waitlist

Capital raises

1 cash raise in the last 24 months · 0 in the last 12 months

$2.0M
Capital raise
25 Oct 2024
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
Join the waitlist

Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

88.5%
Total overhang · of current shares
0.0%
In the money · at current price
912.0M
Potential new shares
Feb 2027
Nearest expiry
Paid plan
Per-line options & expiry cliffs
Each option line — code, strike, expiry, quantity and ITM value — plus the expiry-cliff chart.
Join the waitlist

Director dealings

DateDirectorTypeSharesOptionsValueSource
8 Dec 2025Andrew HumeOther30.0M45.0M—3Y notice
8 Dec 2025Lincoln MooreOther15.0M——3Y notice
5 Dec 2025Tim ArmstrongSell———3Y notice
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
Join the waitlist

Ownership

Free account
Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
Sign up free — coming soon

Latest announcements

1 July 2026Statement of CDIs on issue - THR
23 June 2026$PMajor 2D Seismic Acquisition Contract for HY Range Project
8 June 2026$PPhase-2 Survey Records up to 3% Hydrogen HY-Range Project
2 June 2026Statement of CDIs on issue - THR
1 May 2026Statement of CDIs on issue - THR
28 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
1 Apr 2026Statement of CDIs on issue - THR
16 Mar 2026Completion of HY-Range Hydrogen & Helium Geochemical Survey
16 Mar 2026Half Year Accounts
3 Mar 2026Statement of CDIs on issue - THR
2 Mar 2026Thor to Appoint Director to EnviroCopper Limited Board
20 Feb 2026Award of 2 Natural Hydrogen & Helium License Applications
2 Feb 2026Statement of CDIs on issue - THR
29 Jan 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
18 Jan 2026$PMolyhil Sale Update - A$2.25M Completion Payment Received
5 Jan 2026Statement of CDIs on issue - THR
17 Dec 2025$PHY-Range Seismic, Geochemistry & Portfolio Adjustment Update
9 Dec 2025Change of Director's Interest Notice x 3
9 Dec 2025Notification regarding unquoted securities - THR
1 Dec 2025Statement of CDIs on issue - THR

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 July 2026.