THX.V $
THX.L
Company Information
Thor Explorations Ltd. is a mineral exploration company engaged in the acquisition, exploration, development and production of mineral properties located in Nigeria, Senegal and Cote d'Ivoire. Thor Explorations holds a 100% interest in the Segilola Gold Project located in Osun State, Nigeria and has a 70% interest in the Douta Gold Project located in south-eastern Senegal. In Cote d'Ivoire, Thor Explorations has also recently acquired a 100% interest of the Guitry Gold Project , as well as entering into two further option agreements to earn up to an 80% interest in the Marahui and Boundiali Exploration licences. Thor Explorations trades on AIM and the TSX Venture Exchange under the symbol “THX”.
At Segilola, In 2025, Thor has entered into its fourth full year of production, having produced 85,057 ounces of gold in 2024, 84,609 ounces in 2023, and 98,006 ounces in 2022. Early results of near mine exploration drilling programs confirm mineralisation below the pit design.
At Douta, having provided an updated Mineral Resource Estimate of 1.78 million ounces; workstreams in support of a Preliminary Feasibility Study were advanced in 2024. Drilling has confirmed continuity of gold mineralisation with several high grade intersections. The discovery of additional prospects have justified an accelerated drilling program.
In Cote d'Ivoire, at Guitry, Thor is assessing the legacy database and planning for target-generative geochemical surveys. Soil geochemical sampling was conducted at Boundiali, identifying a gold-in-soil anomaly in the eastern sector. Further infill sampling is planned. Exploration activities at the Marahui Permit were initiated in Q4 2024
In Nigeria, regional exploration efforts continued. Thor delineated a 10 by 5km area of gold anomalism approximately 52km south of Segilola. Thor secured new exploration tenure covering the area. A follow-up exploration program commenced in the period over selected geochemical targets and has continued in 2025
Country of Incorporation and Main Countries of Operation
Thor Explorations is incorporated federally in Canada under Canadian law, with registered number BC0860183. The Company’s registered office is located at 550 Burrard St, Suite 2900, Vancouver, BC CA, V6C 0A3 and its principal place of business is House 1, 2C Bank Road, Ikoyi, Lagos, Nigeria.
The Group's principal operating activities are in Nigeria and Senegal.
Company Directors
Nominated and Other Key Advisers
Corporate Governance
Constitutional Documents
Directors Responsibilities, Committees and Policies
Financial Reports and Associated Documents
Admission Documents and Circulars
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Significant Shareholders and the Percentage of Shares not in Public Hands
Share Price Information
Shares Issued and Outstanding
Shareholders
As the Company is incorporated in Canada, shareholders’ rights may be different to rights of shareholders in a UK incorporated company.
Share Restrictions
There are no restrictions on the free transferability of the Company's AIM securities.
Details of other exchanges and trading platforms
Thor Explorations shares are listed on the Venture Exchange of the Toronto Stock Exchange (TSX-V: THX) and are listed on AIM of the London Stock Exchange (AIM:[THX]).
City Code and Shareholder Protections
The Company is incorporated in Canada, and, accordingly, transactions in Common Shares in the Company will not be subject to the UK Takeover Code. As a result, Shareholders will not be afforded the protections of the UK Takeover Code. However, Canadian laws applicable to the Company provide for early warning disclosure requirements in relation to potential takeover bids, further details of which are set out in Paragraph 15 of Part 1 of the Company’s AIM Admission Document dated June 16, 2021.
This information was last updated on June 10, 2025.
