Investigator Silver (ASX:IVR) has completed the divestment of its 25% interest in the Molyhil tungsten-molybdenum Project in Australia to Tivan (ASX:TVN), and has received the AU$750,000 completion payment, according to a Monday Australian bourse filing.

Thor Energy (ASX:THR) said it has received the completion cash payment of about AU$2.3 million from Tivan for the sale of the tenements and associated mining information comprising the FRAM Joint Venture ("FRAM"), which holds the Molyhil tungsten-molybdenum project, according to a separate filing by Thor Energy.

Investigator retains rights to further deferred consideration totalling about AU$1.3 million payable in three equal annual instalments, with 50% able to be paid in shares at Tivan's election, the filing added.

Beginning in September, Thor will receive three successive annual deferred completion payments totalling about A$3.9 million until September 2028, payable in cash, shares, or a combination at Tivan's election. This will bring the total sale proceeds to Thor of about AU$6.5 million.

Investigator Silver said that the deal represents continued portfolio rationalisation, freeing capital and management attention to advance Investigator's Paris silver project and aligning precious metals opportunities.

Thor Energy said it will use the proceeds to advance its HY-Range natural hydrogen and helium project in South Australia.

Shares of Investigator Silver were up almost 9% in recent Monday trade, while Thor Energy's shares rose 5% and Tivan's shares fell 2%.