Thor Explorations Issues RSUs and New Shares Under Long-Term Incentive Plan

Thor Explorations ( (TSE:THX) ) has provided an update.

Thor Explorations has granted 3,826,963 restricted share units to senior management and employees under its long-term incentive plan, with the awards vesting in three equal annual tranches over a three-year period starting 2 January 2026, contingent on continued service. Settlement of the first tranche will involve issuing 1,275,654 new common shares, which will be admitted to trading on AIM and the TSX Venture Exchange, increasing the company’s issued share capital to 666,573,136 shares and marginally diluting existing shareholders while further aligning management incentives with shareholder interests.

The most recent analyst rating on (TSE:THX) stock is a Buy with a C$1.50 price target. To see the full list of analyst forecasts on Thor Explorations stock, see the TSE:THX Stock Forecast page.

Spark’s Take on TSE:THX Stock

According to Spark, TipRanks’ AI Analyst, TSE:THX is a Outperform.

Thor Explorations receives a strong overall stock score driven by its robust financial performance and attractive valuation. The company’s efficient cost management and high profitability, combined with a low P/E ratio and solid dividend yield, make it a compelling investment in the gold industry. Positive technical indicators further support the stock’s potential, although the absence of recent earnings call data and corporate events limits additional insights.

To see Spark’s full report on TSE:THX stock, click here.

More about Thor Explorations

Thor Explorations Ltd. is a Toronto Venture Exchange and AIM-listed mining company focused on the exploration and development of mineral resources, with its shares trading in both Canada and the UK equity markets.

Average Trading Volume: 525,827

Technical Sentiment Signal: Buy

Current Market Cap: C$884.8M

See more data about THX stock on TipRanks’ Stock Analysis page.