Thor Explorations Ltd. ‘s Acquisition of 100% Interest in Central Houndé Project

Fasken advised Thor Explorations Ltd. in connection with the acquisition.

On April 5, 2021, Thor Explorations Ltd. (TSX VENTURE: THX) announced that it signed an agreement with Barrick Gold Corporation, which terminated the 2015 Earn-In Agreement between Thor and Acacia Mining PLC (subsequently acquired by Barrick), on the Centre Houndé Project in south-western Burkina Faso. 

As a result of signing the agreement, Thor has acquired Barrick’s 51% ownership of the Project in exchange for a 1% Net Smelter Royalty. Thor now holds 100% of the Project. 

The Project consists of three early stage exploration permits over the Houndé belt, a part of West Africa’s Birimian greenstone belts. 

The Fasken team was led by Johanna Fipke (Picture, Mining, M&A). 

Involved fees earner: Johanna Fipke – Fasken Martineau;

Law Firms: Fasken Martineau;

Clients: Thor Explorations;

Author: Martina Bellini