Thor Explorations announced in a publication of the Monday, September 8, 2025, the signing of an agreement agreement aimed at buy back the 30% shares held by International Mining Company SARL (IMC) in the Douta gold project in Senegal.

The Senegalese project Douta is currently the most advanced from the Thor Explorations portfolio. Through an agreement following an acquisition completed in 2011, Thor Explorations currently owns 70% of shares in the Douta project. To increase her interests, she plans to make a cash payment of 3 million USD to IMC, which will also get In return a royalty of 1.5% on the income to be derived from the production of a future gold mine in Douta.

The transaction still subject to final approval of the country's Ministry of Mines, should eventually allow junior mining Canada to 100% control this 1.7 million ounce deposit of resources minerals (about 53 tons of gold).

This type of agreement is quite common in the industry mining, allowing an operator to exclusively take the reins of a relatively advanced asset, whose development he plans. The announcement This comes at a time when Thor is preparing a pre-feasibility study. for Douta. This document, which is expected to be finalized in the fourth quarter 2025, should include the first indicators of a future mine, including development costs and production projections.