Thor Explorations Ltd. (CVE:THX) (LON:THX) announced the admission of its common shares to trading on the AIM Market of the London Stock Exchange, from 8.00am BST today, Tuesday, June 22, 2021, as it broadens its investor base.
The Vancouver-based company said it expected to have a market capitalisation of about GBP127 million on the commencement of trading in London. Its common shares will continue to be listed and traded on the TSX Venture Exchange in Canada.
Thor is a mineral exploration company engaged in the acquisition, exploration and development of mineral properties located in Nigeria, Senegal and Burkina Faso. Its holds a 100% interest in the Segilola Gold Project located in Nigeria’s Osun State of Nigeria and has a 70% economic interest in the Douta Gold Project located in south-eastern Senegal.
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“Today’s admission to the AIM market of the London Stock Exchange represents another milestone in the development of the company, offering wider access for investors as we progress through a transformational period in the company’s development,” Thor Explorations president and CEO Segun Lawson said in a statement.
“With near term production, a clearly defined growth strategy, a positive market setting for gold and a track record of exploration and development success, we are excited to have brought the opportunity to invest in our growing company to London.”
Thor said it continues to focus on pouring first gold at the Segilola Project in Nigeria in July and is targeting publication of a maiden resource at Douta in Senegal by the end of 2021. Exploration programs focused on the company’s exploration licences running along the Ilesha Schist belt in Nigeria are also continuing.
The company said its strong pipeline of organic opportunities is supported by low-cost production at Segilola, with a target of 40,000 ounces this calendar year and forecast of over 100,000 ounces in 2022.
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