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Thor Explorations Announces Total Voting Rights

MWN-AI** Summary

Thor Explorations Ltd., a mineral exploration company based in Vancouver, has announced an update regarding its total voting rights as of November 20, 2025. The company’s issued share capital currently stands at 665,297,482 common shares, with no shares held in Treasury. As such, the total number of Ordinary Shares with voting rights is similarly 665,297,482.

This figure is particularly significant for shareholders as it serves as the denominator for calculating any interests they must disclose under the Financial Conduct Authority's Disclosure and Transparency Rules. This regulation requires shareholders to notify the company of their interest in shares, ensuring transparency and fairness in ownership disclosures.

For those seeking additional information, Thor Explorations has made resources available on its website. The company is engaged in the acquisition, exploration, development, and production of mineral properties, particularly focusing on projects in Nigeria, Senegal, and Côte d'Ivoire. Notably, it holds a 100% interest in the Segilola Gold Project located in Osun State, Nigeria, as well as a significant economic interest in the Douta Gold Project in southeastern Senegal.

Thor Explorations trades under the ticker symbol "THX" on both the AIM and TSX Venture Exchange, reflecting its international presence and growth strategy. For any further inquiries, the company has provided various contacts, including emails for their financial PR representatives and brokers.

The announcement serves to keep shareholders informed and maintain compliance with regulatory requirements, reflecting Thor's commitment to transparency and effective communication.

MWN-AI** Analysis

Thor Explorations Ltd. (TSXV: THX) has reported that as of November 20, 2025, it has a total of 665,297,482 common shares outstanding, a figure that will serve as the basis for shareholder voting rights and potential notifications under the Financial Conduct Authority’s regulations. This update is significant for investors monitoring the company's governance and transparency, as it underscores the importance of staying informed about share movements to comply with legal requirements.

Given the company's strategic positioning in mineral exploration across Nigeria, Senegal, and Côte d’Ivoire, the number of issued shares could also influence market perceptions and investment decisions. As Thor's flagship Segilola Gold Project begins to ramp up production, this transparency about the total voting rights may augment shareholder confidence, crucial for attracting institutional investors who prioritize governance standards.

From a market perspective, investors should consider how these share figures align with broader sector trends in gold exploration and mineral prices. With gold often viewed as a hedge against inflation and economic uncertainty, Thor's operational focus is timely. Investors are advised to assess the potential impacts of gold price fluctuations on Thor’s revenue projections, especially as many companies in the sector are leveraged to commodity prices.

Moreover, the absence of treasury shares suggests a lack of buybacks, indicating management's confidence in operational growth rather than returning capital to shareholders immediately. This could be interpreted positively, suggesting a commitment to reinvest in exploration and development activities that may enhance future value.

In summary, current and potential investors should closely monitor market dynamics and Thor's operational developments while considering the implications of the reported total voting rights. A vigilant approach, combined with a focus on gold market trends, will be essential for making informed investment decisions in Thor Explorations.

**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.

Source: Newsfile

Vancouver, British Columbia--(Newsfile Corp. - November 21, 2025) - Thor Explorations Ltd. (TSXV: THX) (AIM: THX) ("Thor Explorations" or the "Company") announces that as at 20 November 2025, its issued share capital consists of 665,297,482 common shares.

The Company does not hold any shares in Treasury. Therefore, the total number of Ordinary Shares with voting rights is 665,297,482.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest, to the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Further details can be found on the Company's website: www.thorexpl.com.

For further information please contact:

Thor Explorations Ltd
Email: info@thorexpl.com

Canaccord Genuity (Nominated Adviser & Broker)
James Asensio / Henry Fitzgerald-O'Connor / Harry Rees
Tel: +44 (0) 20 7523 8000

Hannam & Partners (Broker)
Andrew Chubb / Matt Hasson / Jay Ashfield / Franck Nganou
Tel: +44 (0) 20 7907 8500

BlytheRay (Financial PR)
Tim Blythe / Megan Ray / Said Izagaren
Tel: +44 207 138 3204

Yellow Jersey PR (Financial PR)
Charles Goodwin / Shivantha Thambirajah
Tel: +44 (0) 20 3004 9512

About Thor Explorations

Thor Explorations Ltd. is a mineral exploration company engaged in the acquisition, exploration, development, and production of mineral properties located in Nigeria, Senegal, and Cote d'Ivoire. Thor Explorations holds a 100% interest in the Segilola Gold Project located in Osun State, Nigeria and has a 100% economic interest in the Douta Gold Project (Demande 11618) located in south-eastern Senegal. Thor Explorations trades on AIM and the TSX Venture Exchange under the symbol "THX".

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR
DISTRIBUTION TO U.S. WIRE SERVICES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275440

FAQ**

How does Thor Explorations Ltd. THX:CC plan to utilize its 665,297,482 common shares to attract more investors in Vancouver, British Columbia?

Thor Explorations Ltd. plans to leverage its 665,297,482 common shares by enhancing investor outreach and engagement strategies, showcasing growth potential, and highlighting upcoming projects to attract more investment in Vancouver, British Columbia.

What potential impacts could market conditions in Vancouver have on the performance of Thor Explorations Ltd. THX:CC, given its focus on mineral exploration?

Market conditions in Vancouver could significantly influence Thor Explorations Ltd.'s stock performance by affecting investor sentiment, capital availability for mineral exploration, and overall demand for minerals, thus impacting funding and operational capabilities.

How does the regulatory environment in Vancouver influence the transparency and disclosure practices of companies like Thor Explorations Ltd. THX:CC?

The regulatory environment in Vancouver enhances transparency and disclosure practices for companies like Thor Explorations Ltd. by enforcing strict compliance with securities laws, requiring regular financial reporting, and promoting accountability to protect investors and market integrity.

In what ways could Thor Explorations Ltd. THX:CC engage with the Vancouver investment community to enhance its visibility and attract more shareholders?

Thor Explorations Ltd. could enhance its visibility and attract more shareholders by hosting investor presentations, participating in mining conferences, engaging in targeted outreach through social media, and offering site tours to showcase their operations and developmental progress.

**MWN-AI FAQ is based on asking OpenAI questions about Thor Explorations (OTC: THXPF).

Thor Explorations

NASDAQ: THXPF

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November 21, 2025 04:49:00 am
Thor Explorations Announces Total Voting Rights

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