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Thor Explorations THX.V · CAD

Materials · TSX Venture · 🇨🇦 Canada

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1.06

+8.16%

Close of 9 Nov 2026, in CAD

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About Thor Explorations

Its shares trade on TSX Venture under the ticker THX.V. It has been listed since 22 May 1981. In the fiscal year to 31 December 2024, it reported revenue of $193.1m and net income of $91.2m. At that date it held total assets of $279.1m and shareholders' equity of $201.3m.

Thor Explorations Ltd. is a mineral exploration company, which engages in the acquisition, exploration, and development of mineral properties. The company is headquartered in Vancouver, British Columbia. The firm is engaged in the acquisition, exploration, development and production of mineral properties located in Nigeria, Senegal and Burkina Faso. The company holds a 100% interest in the Segilola Gold Project located in Osun State, Nigeria and has a 70% economic interest in the Douta Gold Project located in south-eastern Senegal. The Company’s flagship project is the gold-producing Segilola Gold Project located in Osun State, Nigeria, approximately 120 kilometers (km) northeast of Lagos. The Douta Gold Project is a gold exploration permit, E02038, which covers an area of approximately 58 square kilometers (km2) and is located within the Kenieba inlier, eastern Senegal. The Central Hounde Project consists of three early-stage exploration permits located in the highly prospective Hounde Greenstone belt approximately 260km south west of Ouagadougou. The three permits cover a total area of 474 km2 over the Hounde Belt.

Figures and description from our data supplier, not checked against the company's own report.

Company facts

Sector
Materials
Industry
Metals & Mining
Listed since
22 May 1981

Leadership

Pay as last reported

  • Mr. Adrian CoatesNon-Executive Independent Chairman of the BoardC$136,142
  • Mr. Olusegun LawsonPresident, Chief Executive Officer, Director, since 2011C$871,631
  • Mr. Christopher OmoosagieChief Financial OfficerC$270,803
  • Mr. James PhilipChief Operating OfficerC$530,595
  • Mr. Franklin EdochieDirector
  • Mr. Osam IyahenNon-Executive Director
  • Mr. Folorunso AdeoyeNon-Executive Independent DirectorC$80,192
  • Mr. Kayode AderinokunNon-Executive Independent DirectorC$76,040
  • Dr. Julian BarnesNon-Executive Independent DirectorC$83,027
  • Mr. Collin EllisonNon-Executive Independent DirectorC$82,595

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
0
Environment
0
Social
0
Governance
0

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Thor Explorations holds 100% interest in Segilola Gold Project in Nigeria.
  • The Douta Gold Project covers 58 square kilometers in Senegal.
  • The Central Hounde Project spans 474 square kilometers in Burkina Faso.

Weaknesses

  • Thor Explorations operates in Nigeria, Senegal, and Burkina Faso.
  • The company has no production in Senegal or Burkina Faso.
  • The Segilola Gold Project is 120 kilometers northeast of Lagos.

Opportunities

  • The Douta Gold Project is located in the Kenieba inlier, eastern Senegal.
  • The Central Hounde Project is in the Hounde Greenstone belt.
  • Thor Explorations has a 70% economic interest in Douta Gold Project.

Threats

  • Thor Explorations faces political risks in Nigeria, Senegal, and Burkina Faso.
  • The company's projects are in developing countries with infrastructure challenges.
  • The Segilola Gold Project is 120 kilometers from Lagos.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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