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Thor Explorations ( (TSE:THX) ) has shared an announcement.
Thor Explorations Ltd has increased its stake to 100% in the Douta Gold Project in Senegal by acquiring the remaining 30% interest from its joint venture partner, International Mining Company SARL. This acquisition, which involves a cash payment and a net smelter royalty, is expected to streamline the development process and enhance the company’s exposure to project economics. Additionally, Thor has acquired a 65% interest in the Bousankhoba Exploration Permit, expanding its exploration footprint in the region with promising geochemical targets identified.
More about Thor Explorations
Thor Explorations Ltd is a company operating in the mining industry, focusing primarily on gold exploration and development projects. The company has a significant presence in West Africa, particularly in Senegal, where it is involved in projects like the Douta Gold Project.
For a thorough assessment of THX stock, go to TipRanks’ Stock Analysis page.