Tower Resources Ltd.
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Company Description
- CEO
- Joseph R. Dhami
- Full Time Employees
- - -
- Sector
- Non-energy minerals
- Industry
- Precious metals
- Address
- 2054 Dowad Drive Squamish BC Canada V8B 0Y8
- IPO Date
- Jan 3, 1996
- Website
- towerresources.ca
- Similar Companies
- Business
- Tower Resources Ltd. (TWR.V) is a Canada-based junior mineral exploration company focused on the discovery and advancement of economic mineral deposits, primarily gold, silver, and copper, in British Columbia. The company holds key exploration assets including the Rabbit North orogenic gold and porphyry copper-gold project, comprising over 34 mineral tenures covering 16,400 hectares in the Kamloops mining district between the New Afton copper-gold and Highland Valley copper mines; the Nechako gold-silver project, encompassing 10 mineral tenures totaling 2,975 hectares in the Nechako Plateau region near Artemis Gold's Blackwater project; and the More Creek epithermal gold project, covering five mineral tenures totaling 6,430 hectares on the critical red line structural zone in the Golden Triangle district of northwest British Columbia. Incorporated in 1988 and headquartered in Vancouver, Canada, Tower Resources operates exclusively in the Americas with a focus on low-cost exploration of prospective projects in natural resource segments targeting precious and base metals. In November 2025, the company closed the final tranche of a non-brokered flow-through private placement, issuing 6,228,000 common shares for gross proceeds of $1,557,000 to fund Canadian Exploration Expenses, primarily a 3,000-meter diamond drilling program on the Rabbit North property. Previously known as Tower Energy Ltd., it changed its name to Tower Resources Ltd. in September 2011.
Company News
Tower Resources extends Thali licence ahead of drill campaign
Tower Resources shares rise 9% as Cameroon and Namibia approvals advance
Tower Resources eyes NJOM-3 appraisal well in 2027
Tower Resources tops up working capital as farm-out moves closer to completion
Tower Announces Closing of Final Tranche of Non-Brokered Private Placement
Tower Announces Closing of Flow-Through Tranche of Non-Brokered Private Placement
Tower Makes Good Progress Infilling Gaps Between Gold Zones at Rabbit North
Tower Resources secures Namibian approval for PEL96 farm-out
Tower Resources raises £400,000 as it eyes Namibia farm-out approval
Tower Announces Non-Brokered Private Placement of up to $1.720 Million
Tower Begins Drilling at Rabbit North Following Logistical Delays
Tower Resources says it remains confident that it will "reap the benefits of patience"
Tower Receives Permit for New Diamond Drilling Program at Rabbit North
Tower's Hole 072 at Rabbit North Intersects 40.05 g/t (1.17 oz/ton) Au Over 6.3 m in The Thunder North Zone Including 237 g/t (6.91 oz/ton) Au over 0.95 m, Followed by 34.15 m of 1.02 g/t in The Thunder Zone - the 300-m-long, Southward-Faulted Extension of Thunder North
Tower Resources raises £1.5m as key project advance
Tower's Initial Gold Results from the 11-Hole Rabbit North Drilling Program Greatly Expand the Near-Surface Open Pit Resource Potential of the Blue Sky Zone and Extend the High-Grade Thunder North Zone 100 M Eastward Toward Blue Sky at Similarly Shallow Depths
Tower Resources tops up working capital amid investor demand
Tower Resources Provides Corporate Update
Tower Resources raises additional funds amid investor demand
Tower Announces Increase to Non-Brokered Flow-Through Private Placement