Thor Energy PLC, listed on AIM, OTCQB, and ASX, has raised £1 million to venture into helium and hydrogen exploration by potentially acquiring an 80% stake in Australian company Go Exploration. Go Exploration, also known as GoX, is focused on seeking naturally occurring or white hydrogen and helium in South Australia through various licenses. The deal would involve Thor issuing 466.5 million shares for the acquisition. The fundraising, conducted at a 6.25% discount to the prevailing price per share, was divided into two batches, requiring shareholder consent. The company's executive chairman, Alastair Clayton, expressed satisfaction with the equity fundraise, highlighting the lack of warrants or options in the exercise. Clayton also expressed enthusiasm about discussing the progress regarding the potential acquisition with shareholders and aims to advance the transaction towards a commercial conclusion.