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Thor secures 100% of Douta Gold Project, expands exploration
Thor Explorations Ltd has acquired the remaining 30% interest in the Douta Gold Project in Senegal from joint venture partner IMC, giving it full ownership. The company also secured a 65% interest in the nearby Bousankhoba permit, expanding its regional exploration footprint. The acquisition remains subject to certain conditions precedent, including final approval from the Senegalese Minister of Mines. The total consideration includes a cash payment of US$3,000,000—half payable upon signing and half on completion—along with a 1.5% Net Smelter Royalty (NSR), capped at a maximum of US$60 million. In a parallel ... (full story)
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- Sep 9, 2025 5:00am Posted byFundamental Analysis278
