Thor Explorations Ltd.
Toronto Stock Exchange VenturesRecent
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ROIC.AI
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- Thor Explorations Ltd. is a Vancouver-based mineral exploration and production company focused on gold projects in West Africa; listed on the TSX Venture Exchange (THX.V) and AIM (THX.L), it engages in the acquisition, exploration, development, and production of gold properties, with additional interests in lithium and silver deposits. Founded in 1968 and headquartered at 550 Burrard Street, Vancouver, Canada, the company operates primarily through its flagship Segilola Gold Project in Osun State, Nigeria -- Nigeria's first commercial-scale gold mine, which produced 85,057 ounces in 2024 with 2025 guidance of 85,000-95,000 ounces at all-in sustaining costs of $800-$1,000 per ounce; the Douta Gold Project in southeastern Senegal featuring a 1.78 million ounce resource and ongoing drilling at prospects like Baraka 3; the Guitry Gold Project in Côte d'Ivoire with recent high-grade drilling intersections; lithium exploration via subsidiary Newstar Minerals Ltd. in southwestern Nigeria covering over 600 sq km of tenure in Oyo, Kwara, and Ekiti States; and additional exploration licenses including Douta West, Sofita, Marahui, Boundiali, and Bousankhoba in Senegal and Côte d'Ivoire, plus regional gold targets near Segilola. Thor targets institutional and retail investors in precious and battery metals sectors, with operations spanning Nigeria, Senegal, and Côte d'Ivoire. Recent developments include increasing its Douta Project stake to 100% economic interest in September 2025 via a $3 million cash payment and 1.5% net smelter royalty to joint venture partner International Mining Company SARL, alongside acquiring an initial 65% interest in the contiguous Bousankhoba exploration permit; completing a preliminary feasibility study for Douta in Q4 2025; advancing 12,000 metres of drilling at Baraka 3 with intersections like 19 metres at 2.46 g/t gold; reporting positive near-mine exploration at Segilola confirming mineralization below the pit shell; launching initial drilling at Guitry yielding significant results; and continuing lithium exploration pending drilling rigs while delineating new gold anomalies 52 km south of Segilola.
Thor Explorations Ltd.: Director & PDMR Dealing
Thor Explorations higher after it delivers strong first quarter, supported by higher gold prices
Thor Explorations delivers strong first quarter, supported by higher gold prices
FTSE 100 Live: London stocks climb as miners, banks and Babcock rise
Thor Explorations expands gold footprint at Douta project
FTSE 100 Live: London stocks slip as banks and Vodafone slide, gilts in focus
Thor Explorations adds Bernard Swanepoel to board
Director Change
FTSE 100 Live: Shares mixed as Iran talks awaited, with Barratt, Standard Life and Rank leading
Thor Explorations maintains guidance after robust quarter
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Nasdaq lower, Wall Street in the red as fragile ceasefire fails to lift sentiment
Thor Explorations says it has "fully capitalised" on the high gold price environment
Micron Technology price target boosted on stronger-than-expected memory pricing
Thor Explorations files independent report covering Douta gold project
Thor Exploration 'delighted' with findings of Douta gold prefeasibility
Thor Explorations third quarter boosted amid higher production