Thor Energy (ASX:THR) said Investigator Resources' subsidiary, Fram, completed Stage 1 earn-in commitment for Molyhil and Bonya projects in Northern Teritory.
Fram invested $1 million in exploration, securing a 25% interest.
Further earn-in stages could increase Fram's stake to 80%. Thor can now focus on US uranium and copper-rare earth element projects.
The partnership advances the Molyhil Project, benefiting Thor and stakeholders.