Thor Mining

THR.L

Other Precious Metals · Basic Materials

Price

0.50 GBp

+0.00 (+0.00%)

Market Cap

5.2M GBp

Exchange

London Stock Exchange

Winston Score

–

No score yet — Winston is napping.

We couldn’t gather enough financial data to score this stock reliably.

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Share count rising — dilution

+450.3% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 149.7M (2021) → 824.0M (2025)

Winston Score History

The full picture

Thor Mining PLC is a small mineral exploration company based in the United Kingdom, focused on finding and developing metal deposits. Its main projects involve tungsten, copper, uranium, and gold, with assets located primarily in Australia and the United States. The company is in the exploration stage, meaning it has not yet produced or sold metals commercially.

Thor Mining makes no revenue from mining operations yet. Instead, it funds its work by raising money from investors through share issuances, which is typical for early-stage exploration companies. Its projects include the Molyhil tungsten-copper deposit in Australia's Northern Territory and uranium interests in the US state of Wyoming. The biggest risk the company faces is the long and expensive path from exploration to actual production — most junior mining companies never reach that stage, and Thor must continue raising capital to keep its projects moving forward.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

Revenue data limited

EPS Growth

<−1,000% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

Research and development spending

Insider Activity

28.8%ownership

Insiders own a meaningful stake in the company

Cash Runway

~2 months

$817,000 cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Cash watch

Thor Mining has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

N/A

—

Data not available

Operating Margin

N/A

—

Data not available

ROCE

-6.8%

Weak — -6.8% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

N/A

—

Data not available

EPS YoY

N/A

—

Data not available

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

N/A

—

Data not available

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Stability

Debt / Equity

N/A

Data not available

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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