Thesis Gold & Silver Closes Strategic Investment by AngloGold Ashanti and Participation by Centerra Gold for C$44M
MWN-AI** Summary
Thesis Gold & Silver Inc. has successfully completed a strategic investment, securing C$44 million through a private placement involving AngloGold Ashanti plc and Centerra Gold Inc. The Canadian precious metals developer announced the closing on February 26, 2026, following plans disclosed earlier on February 19. AngloGold Ashanti acquired 13,858,883 common shares at a price of C$2.79 per share, yielding gross proceeds of approximately C$38.67 million. This investment provides AngloGold Ashanti with a 5% stake in Thesis, furthering its involvement in the newly emerged Toodoggone Mining District, known for its promising gold and silver resources.
The capital raised will be allocated towards working capital and essential technical studies at the Lawyers-Ranch gold-silver project in British Columbia. In conjunction with the investment, an investor rights agreement between Thesis and AngloGold Ashanti was established, granting the latter various rights to maintain its ownership as well as access to technical committees.
Centerra Gold also participated in this private placement, exercising its rights per an earlier investor agreement from April 2025. Centerra acquired an additional 2,059,730 common shares, maintaining its pro-rata ownership at 9.9% in the company.
Importantly, no finder’s fees or commissions were associated with the transaction, and all shares issued will be subject to a statutory hold period expiring four months and one day from the closing date.
Thesis Gold & Silver remains focused on advancing its Lawyers-Ranch project through ongoing feasibility, permitting, and exploration activities to maximize long-term shareholder value in a thriving metals market.
MWN-AI** Analysis
Thesis Gold & Silver Inc.'s recent strategic investment from AngloGold Ashanti, amounting to approximately C$39 million, along with a participation from Centerra Gold, marks a significant milestone for the company and presents a compelling opportunity for investors.
This C$44 million capital injection primarily aims to bolster Thesis's working capital and fund ongoing technical studies at the Lawyers-Ranch gold-silver project, a promising site in British Columbia's Toodoggone Mining District. The high-quality gold equivalent resource outlined at Lawyers-Ranch highlights its potential, making Thesis an attractive prospect in precious metals development.
AngloGold Ashanti's involvement is particularly noteworthy. Their investment reflects confidence in Thesis's strategic vision and operational potential. The investor rights agreement not only provides AngloGold with the ability to maintain its interest in the company but also positions it to influence key technical decisions, ensuring that their investment aligns with long-term growth initiatives.
Centerra Gold's concurrent investment, maintaining a 9.9% stake in Thesis, further indicates market validation for the company’s prospects. The strategic partnerships with two significant players in the mining sector should be viewed as a strong endorsement of Thesis’s operational capabilities and growth trajectory.
For investors, Thesis Gold & Silver presents an opportunity to enter a company poised for growth amidst an evolving market landscape. The influx of capital will enable advancement in critical areas, which, combined with a favorable macroeconomic backdrop for precious metals, positions the company for potential appreciation in share value.
However, investors should remain cognizant of inherent risks, including the volatility of commodity prices, the execution of the planned use of proceeds, and potential dilution from future financing needs. A diverse approach, including monitoring regulatory changes and market conditions, will be essential for navigating this investment landscape effectively.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Thesis Gold & Silver Closes Strategic Investment by AngloGold Ashanti and Participation by Centerra Gold for C$44M
Canada NewsWire
VANCOUVER, BC, Feb. 26, 2026 /CNW/ - Thesis Gold & Silver Inc. ("Thesis", or the "Company") (TSXV: TAU) (OTCQX: THSGF) (WKN: A3EP87) is pleased to announce that the Company has completed its private placement of common shares in the capital of the Company (the "Common Shares"), as previously announced on February 19, 2026, through the issuance of 5.0% of the Company's issued and outstanding Common Shares to AngloGold Ashanti plc ("AngloGold Ashanti").
AngloGold Ashanti has acquired, by way of private placement, 13,858,883 Common Shares at a price of C$2.79 per Common Share for gross proceeds of C$38,666,284. The proceeds from the private placement will be used for working capital and general corporate purposes, including work related to the technical studies currently underway at the Lawyers-Ranch gold-silver Project.
In connection with the strategic investment, Thesis and AngloGold Ashanti have entered into an investor rights agreement dated February 26, 2026,whereby, subject to certain conditions, the Company has granted AngloGold Ashanti certain financing and other participation rights to enable AngloGold Ashanti to maintain its shareholding interest in the Company, as well as technical committee appointment rights and other customary investor rights.
Pursuant to an investor rights agreement between the Company and Centerra Gold Inc. ("Centerra") dated April 28, 2025, Centerra fully exercised its right to participate in this private placement to maintain its pro rata ownership in the Company and subscribed for additional Common Shares, acquiring 2,059,730 Common Shares at a price of C$2.79 per Common Share for gross proceeds of C$5,746,647 such that its percentage ownership is 9.9% of the outstanding Common Shares.
No finder's fees or commissions were paid in connection with the private placement. All Common Shares issued pursuant to the private placement are subject to a statutory hold period expiring four months and one day from closing in accordance with applicable Canadian securities legislation.
On behalf of the Board of Directors,
Thesis Gold & Silver Inc.,
"Ewan Webster"
Ewan Webster Ph.D., P. Geo.
President, CEO, and Director
About Thesis Gold & Silver Inc.
Thesis Gold & Silver Inc. is Canadian precious metals development company focused on advancing its 100%-owned Lawyers-Ranch Gold-Silver Project in British Columbia's prolific Toodoggone Mining District, one of North America's most prospective emerging precious-metals districts. Lawyers-Ranch hosts a large, high-quality gold equivalent Mineral Resource with meaningful exposure to silver, which represents a significant component of the Project and long-term value proposition.
Thesis Gold & Silver is advancing Lawyers-Ranch through feasibility, permitting, and continued exploration, with the objective of unlocking long-term value for shareholders and stakeholders.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the use of proceeds from the sale of Common Shares to AngloGold Ashanti and Centerra. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market, and economic risks, uncertainties, and contingencies that may cause actual results, performance, or achievements to be materially different from those expressed or implied by forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Risk factors that could materially affect such forward-looking information include risk respecting failure to obtain final approval of the TSX Venture Exchange, dilution respecting additional investment in the Company and that the use of proceeds may not be expended as anticipated by the Company. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management's discussion and analysis, which is available on the Company's profile on SEDAR+ at www.sedarplus.ca. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
SOURCE Thesis Gold & Silver Inc.
View original content: http://www.newswire.ca/en/releases/archive/February2026/26/c3195.html
FAQ**
How does the strategic investment by AngloGold Ashanti impact Thesis Gold Inc (New) Com THSGF's plans for developing the Lawyers-Ranch Project, and what are the expected benefits of this partnership?
What specific technical studies and corporate initiatives will the C$44M in funding from AngloGold Ashanti and Centerra Gold support for Thesis Gold Inc (New) Com THSGF?
Given Centerra Gold's participation, how does the ownership structure of Thesis Gold Inc (New) Com THSGF change after this investment, and what implications does this have for existing shareholders?
Can you elaborate on the investor rights agreement with AngloGold Ashanti and how it may influence future financing opportunities for Thesis Gold Inc (New) Com THSGF?
**MWN-AI FAQ is based on asking OpenAI questions about Thesis Gold Inc. (TSXVC: TAU:CC).
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