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Alset Engages Silver Birch Growth to Accelerate Commercialization and Revenue Growth Across Portfolio Companies, With Immediate Focus on Cedarcross

Alset Engages Silver Birch Growth to Accelerate Commercialization and Revenue Growth Across Portfolio Companies, With Immediate Focus on Cedarcross

VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / May 1, 2025 / Alset AI Ventures Inc. (TSXV:GPUS)(OTC PINK:GPUSF)(FSE:1R60, WKN:A3ESVQ) ('Alset AI' or the 'Company') an artificial intelligence ('AI') venture company advancing innovation through strategic investment and cloud computing solutions, is pleased to announce its entry into an engagement agreement (the 'Agreement') dated April 30, 2025, with Silver Birch Growth ('Silver Birch'), a leading go-to-market and revenue acceleration firm, to provide a strategic review of the Company's revenue generators across its portfolio companies, beginning with Cedarcross Technologies, the Company's AI infrastructure business.
Silver Birch specializes in scaling early-stage B2B software, data, and services companies, providing critical go-to-market capital, industry expertise, and a track record of success with partnerships such as getitAI, and KindMarketing.
Management Commentary:
'We are excited to partner with the Silver Birch team to aggressively advance the commercialization efforts of current and future portfolio companies,' said Adam Ingrao, CEO of Alset AI. 'Silver Birch's model, delivering go-to-market strategy and execution through a unique B2B sales model, aligns perfectly with our growth strategy. We believe this collaboration will not only accelerate revenue generation but also sharpen product-market fit and enhance long-term value creation for our stakeholders.'
About Alset AI Ventures Inc.
Alset AI is a pioneering AI and cloud computing investment firm, committed to nurturing high-potential technology companies. Through a combination of capital, strategic advisory, and cloud computing alliances, Alset AI is shaping the future of artificial intelligence and building an AI-focused venture capital platform poised for substantial growth.
About Silver Birch Growth
Silver Birch provides go-to-market capital and sales execution to B2B software, data, and services companies with early-stage recurring revenue. Silver Birch offers rapid acceleration for companies ready to commercialize and grow.
For further information please visit: www.silverbirchgrowth.com
For further information about Alset AI Ventures Inc., please contact:
Investor Relations
Adam Ingrao
Chief Executive Officer
T: 236.312.6744
E: [email protected]
Neither 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 release.
Cautionary Note regarding Forward Looking Statements
This press release may contain certain forward-looking statements and forward-looking information (collectively, 'forward-looking statements') related to Silver Birch and Alset AI's plans to advance the commercialization of current and future portfolio companies, including Cedarcross Technologies, and Alset AI's beliefs that its collaboration with Silver Birch will accelerate revenue generation, improve product-market fit and enhance long-term value creation for stakeholders. Forward-looking statements normally contain words like 'will', 'intend', 'anticipate', 'could', 'should', 'may', 'might', 'expect', 'estimate', 'forecast', 'plan', 'potential', 'project', 'assume', 'contemplate', 'believe', 'shall', 'scheduled', and similar terms. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this press release.Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions, and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances. Although management believes that the forward-looking statements herein are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Alset AI's business. Additional material risks and uncertainties applicable to the forward-looking statements herein include, without limitation, the impact of general economic conditions, and unforeseen events and developments. This list is not exhaustive of the factors that may affect the Company's forward-looking statements. Many of these factors are beyond the control of Alset AI. All forward-looking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as at the date hereof, and Alset AI undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws. Risks and uncertainties about the Company's business are more fully discussed under the heading 'Risks and Uncertainties' in its most recent Management's Discussion and Analysis and other disclosure documents available on SEDAR+ at www.sedarplus.ca.
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64326618.5
SOURCE: Alset AI Ventures Inc.
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Royal Road Minerals Announces Scout Drilling Results from the Lalla Aziza Copper Project, Kingdom of Morocco
Royal Road Minerals Announces Scout Drilling Results from the Lalla Aziza Copper Project, Kingdom of Morocco

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Royal Road Minerals Announces Scout Drilling Results from the Lalla Aziza Copper Project, Kingdom of Morocco

Toronto, Ontario--(Newsfile Corp. - July 14, 2025) - Royal Road Minerals Limited (TSXV: RYR) ("Royal Road" or the "Company") is pleased to announce results from its initial scout drilling program at the Lalla Aziza copper project in Morocco. Lalla Aziza is an underground copper-mine located in Morocco's Western High Atlas, approximately 90 kilometers southwest of Marrakesh. Lalla Aziza is owned and operated by Moroccan mining company, Carbomine SARL ("Carbomine"). In December 2024, Royal Road entered into an Option Agreement (the "Agreement") with Carbomine, which provides the Company with an option to acquire 100% of the Lalla Aziza Mining License. Summary terms of the Agreement are provided below. The Lalla Aziza mine area is located close to the southwestern extent of Carbomine's license area, along a regionally extensive, southeast-dipping shear zone which continues for a distance of 4 kilometers diagonally across the license area (see Figure 1). Copper at Lalla Aziza is mined from chalcopyrite ore, hosted in dolomite vein-stockworks and hydrothermal breccia. Dolomite and copper mineralization is emplaced proximal to and within fault-related fold-hinges which plunge shallowly along and in the hanging-wall to the shear zone towards the northeast. Where mapped, mineralized structures can exceed 20 meters in thickness, but underground mining is limited to locally higher-grade intervals, where hand-picked ore averages in excess of 3% copper. To view an enhanced version of this graphic, please visit: Royal Road has completed geological mapping, underground and surface rock-chip, channel and soil geochemical sampling across the Lalla Aziza license area (see Figures 1 and 2 and press release April 2, 2025). The Company has now completed a 15-hole, 1000-meter reverse circulation scout-drilling campaign at the project. This is the first exploration drilling to be conducted at Lalla Aziza. Drilling is aimed principally at testing bulk copper grades across the extent of the shear/fold zone, including the higher-grade underground intervals, in order to; Assess potential for a "starter"-style open-pit mine; and Test for the along-strike, down-plunge continuity of copper mineralization Significant drilling results include the following (see Table 1): RC25LA002 From 32 to 51 meters 19 meters at 1.1% copper RC25LA004 From 12 to 17 meters 17 meters at 1.3% copper RC25LA005 From 18 to 35 meters 17 meters at 1.1% copper (EOH) RC25LA007 From 0 to 31 meters 31 meters at 0.7% copper RC25LA009 From 18 to 37 meters 19 meters at 1.0% copper RC25LA010 From 26 to 47 meters 21 meters at 1.0% copper RC25LA012 From 51 to 63 meters 12 meters at 0.7% copper (Not true width and the company does not have sufficient information to determine the true widths of the drill hole intersections) To view an enhanced version of this graphic, please visit: TABLE 1: DRILL RESULTS LALLA AZIZACOPPER GOLD HOLE ID E N Z(m) DIP AZIM DEPTH FROM TO LENGTH (m)* % (g/t) RC25LA001 531667 3434774 1506 -50 330 57 22 38 16 0.6RC25LA002 531667 3434773 1506 -90 330 64 32 51 19 1.1RC25LA003 531607 3434732 1495 -50 335 25 19 25 6 0.8RC25LA004 531607 3434731 1495 -70 335 88 25 42 17 1.3RC25LA005 531583 3434710 1489 -50 335 35 18 35 17 1.1RC25LA006 531583 3434709 1489 -90 335 67 35 38 3 0.4RC25LA007 531533 3434693 1487 -50 335 49 0 31 31 0.7RC25LA008 531533 3434692 1487 -90 335 79 0 2 2 0.319 33 14 0.441 44 3 0.450 52 2 0.670 74 4 0.2RC25LA009 531636 3434751 1492 -50 335 67 18 37 19 1.0RC25LA010 531636 3434750 1492 -90 335 67 26 47 21 1.0RC25LA011 531656 3434714 1489 -50 335 73 11 16 5 0.3 0.3 33 39 6 0.555 57 2 0.2RC25LA012 531692 3434719 1488 -50 335 85 51 63 12 0.7RC25LA013 531609 3434679 1484 -65 335 79 47 53 6 0.4RC25LA014 531546 3434677 1485 -50 335 73 25 47 22 0.2RC25LA015 531453 3434589 1470 -50 335 88 NO SIGNIFICANT INTERSECTIONS *NOT TRUE WIDTH These initial scout drilling results at Lalla Aziza have confirmed that economically significant copper grades continue across the width of the shear/fold zone and that the mineralized structure is likely to plunge and continue below-surface towards the northeast (see Figure 3). Grades and thicknesses are considered significant enough to support potential for an open-pit starter at Lalla Aziza, assuming additional recoverable resources exist along and adjacent to the shear zone. Further work at Lalla Aziza will be focused on mapping and geophysics in order to define drill objectives at depth and to the northeast of the current drill grid. The gold potential of the footwall will also be better constrained. To view an enhanced version of this graphic, please visit: Royal Road has notified Carbomine of its intention to exercise its option to acquire the Lalla Aziza Mining License subject to the terms of the Agreement as summarized below. "Initial results at Lalla Aziza are encouraging, with strong indications that copper mineralization extends at depth to the northeast. We look forward to commencing detailed mapping, geophysics and targeting to define the project's full potential and optimize future drilling," said Tim Coughlin, President and CEO of Royal Road. "Morocco continues to stand out as a geologically prospective and politically supportive jurisdiction-critically positioned to contribute to the world's growing demand for secure and sustainable supplies of copper and other strategic metals." Summary terms of the Agreement are as follows: Royal Road have paid to Carbomine the sum of USD$50,000 upon execution of an initial Letter of Intent (superseded by the Agreement) Royal Road have paid to Carbomine the sum of USD$200,000 upon execution of the Agreement Royal Road has notified Carbomine of its intention to exercise the option to acquire 100% legal and beneficial ownership of the Carbomine mining licence. Subject to completion of the exercise of the option, to receipt of all relevant regulatory approvals in respect of the assignment or transfer of the Mining Licence to Royal Road and the confirmation from the relevant regulatory authorities in the form acceptable to Royal Road that it is the legal owner of the Mining Licence free from all encumbrances Royal Road shall pay the sum of US$1,500,000 to Carbomine Upon the anniversary of the date on which Royal Road is registered as the legal and beneficial owner of the mining licence, RRM shall pay an annual fee of US$300,000 to Carbomine until the drawdown of project finance for a Bankable Feasibility Study Upon the completion of the first Bankable Feasibility Study on the mining license and the drawdown of project finance for the purpose of such Bankable Feasibility Study, Royal Road shall pay Carbomine the sum of USD$2,500,000 Upon commencement of commercial production from the mining license, Carbomine shall be granted a net smelter return royalty of 2.5% in total (applicable to all mineral or metallic product extracted and recovered from the mining license) in respect of production from the license About Royal Road Minerals: Royal Road Minerals is a mineral exploration and development company with its head office and technical-operations center located in Jersey, Channel Islands. The Company is listed on the TSX Venture Exchange under the ticker RYR, on the OTCQB under the ticker RRDMF and on the Frankfurt Stock Exchange under the ticker RLU. The Company's mission is to apply expert skills and innovative technologies to the process of discovering and developing copper and gold deposits of a scale large enough to benefit future generations and modern enough to ensure minimum impact on the environment and no net loss of biodiversity. The Company currently explores in the Kingdoms of Saudi Arabia, Morocco and in Colombia. More information can be found on the Company's website 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 release. The information in this news release was compiled, reviewed and verified by Dr. Tim Coughlin, BSc (Geology), MSc (Exploration and Mining), PhD (Structural Geology), FAusIMM, President and CEO of Royal Road Minerals Ltd and a qualified person as defined by National Instrument 43-101 Cautionary statement: This news release contains certain statements that constitute forward-looking information and forward-looking statements within the meaning of applicable securities laws (collectively, "forward-looking statements") describing the Company's future plans and the expectations of its management that a stated result or condition will occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, or developments in the Company's business or in the mineral resources industry, to differ materially from the anticipated results, performance, achievements or developments expressed or implied by such forward-looking statements. Forward-looking statements include all disclosure regarding possible events, conditions or results of operations that is based on assumptions about, among other things, future economic conditions and courses of action, and assumptions related to government approvals, and anticipated costs and expenditures. The words "plans", "prospective", "expect", "intend", "intends to" and similar expressions identify forward looking statements, which may also include, without limitation, any statement relating to future events, conditions or circumstances. Forward-looking statements of the Company contained in this news release, which may prove to be incorrect, include, but are not limited to the Company's exploration plans. The Company cautions you not to place undue reliance upon any such forward-looking statements, which speak only on the date they are made. There is no guarantee that the anticipated benefits of the Company's business plans or operations will be achieved. The risks and uncertainties that may affect forward-looking statements include, among others: economic market conditions, anticipated costs and expenditures, government approvals, and other risks detailed from time to time in the Company's filings with Canadian provincial securities regulators or other applicable regulatory authorities. Forward-looking statements included herein are based on the current plans, estimates, projections, beliefs and opinions of the Company management and the Company does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs and opinions change. Quality Assurance and Quality Control: Sample preparation and analyses are conducted according to standard industry procedures at certified laboratories. Percussion-chip samples were sampled on 1m downhole intervals and passed through a 75-25% drill-rig mounted splitter. The 75% sample was placed in rows and analyzed for guidance on-site using a Vanta pXRF tool. The 25% sample was split 50-50% to produce analytical and retention samples of between 1 to 3kg. Samples for analysis were bagged in the field and sent to ALS Seville for analysis of gold by fire assay with an ICP-AES finish (method Au-ICP22) and multielements by four acid digest ICP-MS (method ME-MS61). QAQC materials included CRMs, blanks and duplicates inserted into sample batches on a ration of 1:10. Soil samples were collected 30-60cm below the surface to avoid surficial contamination. Approximately 0.5kg was collected for each sample. For each sample, soil thickness, horizon, surface type, sample collection depth, & field sieve-mesh was recorded. QAQC materials included approximately 5% CRMs, 1% blanks and 1% field duplicates. Infill soil samples were sent to ALS in Sevilla for drying, disaggregation and dry-sieving to -180um. Samples were analyzed using the super-trace low level gold and multi-element package (AuME-St43) with a 25g charge weight. Gold and multielement concentrations are determined from the same solution via a combination of ICP-MS and ICP-AES ContactJessica MartinsRoyal Road Minerals Limitedinfo@ 1534 887166 To view the source version of this press release, please visit Sign in to access your portfolio

Great Quest Announces Closing of First Tranche of Non-Brokered Private Placement
Great Quest Announces Closing of First Tranche of Non-Brokered Private Placement

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Great Quest Announces Closing of First Tranche of Non-Brokered Private Placement

VANCOUVER, British Columbia--(BUSINESS WIRE)--Great Quest Gold Ltd. (TSXV:GQ) ('Great Quest' or the 'Company') announces that it has closed the first tranche of its previously announced non-brokered private placement for gross proceeds of $289,000 (the 'First Tranche'). Pursuant to the First Tranche, the Company has issued 11,560,000 common shares of the Company (each, a 'Share'), at a price of $0.025 per Share. All of the Shares issued pursuant to the First Tranche are subject to a four month and one day hold period from the date of issue. The Company intends to close the final tranche (the 'Subsequent Tranche') of the private placement on or about July 25, 2025 for additional gross proceeds of approximately $211,000. The net proceeds of the First Tranche will be used for costs associated with the Company's proposed reverse takeover transaction with Lotus Gold Corporation (the 'Transaction'). Pursuant to the Transaction, the Shares shall be consolidated on a basis of one post-consolidation Share for every 30 pre-consolidation Share. For further details regarding the Transaction, including the equity ownership that existing Great Quest shareholders will hold in the resulting issuer following completion of the Transaction, please see the Company's press release dated May 14, 2025. The First Tranche is subject to the approval of the TSX Venture Exchange. In connection with the Private Placement, the Company paid cash finder's fees of $6,625 to eligible finders. About Great Quest Great Quest Gold Ltd. is a Canadian mineral exploration company focused on the development of African gold projects. The Company's flagship asset is the Sanoukou Gold Project, encompassing 24 km 2 located in the Kayes region to the West of Mali and developing the Tilemsi Phosphate Project a 1,206 km² parcel in northeastern Mali, containing high quality phosphate resources amenable to use as direct application fertilizer. Great Quest is listed on the TSX Venture Exchange under the symbol GQ. ON BEHALF OF THE BOARD OF DIRECTORS OF GREAT QUEST GOLD LTD. 'Jed Richardson' Chief Executive Officer and Executive Chairman Disclaimer for Forward-Looking Information This news release may contain forward-looking statements. These statements include statements regarding the Transaction, the First Tranche and use of proceeds, the size and timing of the Subsequent Tranche and the Company's future plans and objectives. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws. Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Thor Explorations Announces Q2 2025 Operating Update
Thor Explorations Announces Q2 2025 Operating Update

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Thor Explorations Announces Q2 2025 Operating Update

Vancouver, British Columbia--(Newsfile Corp. - July 14, 2025) - Thor Explorations Ltd. (TSXV: THX) (AIM: THX) ("Thor Explorations" or the "Company") is pleased to provide its second quarter 2025 interim operational update for the Segilola Gold mine, located in Nigeria ("Segilola"), and for the Company's mineral exploration properties located in Nigeria, Senegal and Côte d'Ivoire, for the three months to June 30, 2025 (the "Quarter" or "Q2"). Segilola Q2 Highlights Q2 gold poured of 22,784 ounces ("oz") Gold sales in Q2 2025 of 25,900 oz at an average realized price of US$3,187 resulting in revenue of $82.5 million Gold produced from 238,425 tonnes milled at an average grade of 3.12 grammes per tonne ("g/t") of gold and process plant recovery at 93.1% Mine production of 242,461 tonnes at an average grade of 3.02g/t of gold for 23,573 oz Ore stockpile decreased by 307 oz to 41,092 oz of gold at an average grade of 0.84g/t of gold Gold in circuit ("GIC"), decreased by 555 oz to 3,404 oz of gold FY 2025 Outlook and Catalysts FY 2025 production guidance range maintained at 85,000 to 95,000 oz of gold FY 2025 All-in Sustaining Cost ("AISC") guidance range maintained at $800 to $1,000 per ounce. Drilling programs across all the Company's exploration portfolio: Segilola: continuation of ongoing underground drilling program Nigeria: continuation of scout drilling programs on identified near-mine and regional targets Senegal (Douta Project): Completion of drilling program at Baraka 3 prospect targeted to be incorporated into the Douta Preliminary Feasibility Study mine plan Completion of further Reverse Circulation ("RC") drilling targeting additional oxide resources Côte d'Ivoire: Exploration being advanced on the Guitry, Marahui and Boundiali licenses, with further drilling to occur on Guitry and drilling to commence on Marahui where drill targets have been delineated. Following completion of Douta Project drilling programs, preparation of Updated Mineral Resource Estimate and Pre-Feasibility Study ("PFS") at the Douta Project Dividend The Group will maintain the dividend policy announced on April 8, 2025, with the second quarterly dividend payment scheduled for August 15, 2025. Dividends for the quarter will be paid at an amount of C$0.0125 per share. Proposed dividend timetable Event Date Ex-Dividend date 25 July, 2025 Record date 25 July, 2025 Last day for currency election 30 July, 2025 Date of exchange rate used for Pounds Sterling 1 August, 2025 Announcement of exchange rate in Foreign Designated Currencies 1 August, 2025 Payment date 15 August, 2025 The below outlines the payment treatment for shareholders. Depository Interest ("DI") holders registered in London will be paid in British Pounds, with an option to elect for United States Dollar payment; Canadian Registered holders will be paid in Canadian Dollars, with an option to elect for United States Dollar payment. Segun Lawson, President & CEO, stated: "I am pleased to report a solid operational second quarter of the year, which continues from the strong start we made to the year. Having unwound all our hedged gold positions in the previous quarter, we were able to benefit from the full exposure to the high prevailing gold prices, resulting in a record quarterly revenue of US$82.5 million. We have achieved this whilst continuing to maintain our production costs in line with our guidance. "In the Quarter, exploration activities which have included multiple drilling campaigns, were increased across our entire portfolio. "Looking ahead, we are well positioned for the second half of the year. We are maintaining our guidance range of 85,000 to 95,000 ounces for the year. On the exploration front, underground drilling at Segilola continues, building on the data received in the Quarter and aimed at extending the Segilola mine life. "In Senegal, over 11,000 metres were drilled at the Baraka 3 prospect which will be incorporated into the Douta PFS once all the results are received. Finally in Côte d'Ivoire, we are pleased to have completed our maiden drilling program on our Guitry Project and look forward to releasing these results and from all our drilling programs shortly, once obtained. We also continue to be encouraged by the initial exploration results from the Marahui Project where we are now positioned to kick off a maiden drilling program at the end of the rainy season." Exploration Q2 2025 Highlights Nigeria (Segilola) Continuation of diamond drilling program to test the depth extensions of the Segilola deposit A total of 4,418 metres ("m") has been completed across 12 holes The drillholes were designed to test the continuity of two main types: Steep plunging high-grade hanging wall shoots Shallow plunging mineralisation that is projected to continue down-plunge to the south Gold mineralisation had been confirmed by the initial drilling program The data indicates that there are potential mineable extensions to the resource beyond the limits of the current open pit design Senegal During the quarter, along with a number of PFS workstreams, the Company undertook drilling programs at Makosa North, Bridge and Tail and the Baraka 3 Prospect. RC drilling to upgrade inferred resources to indicated resources at Makosa North, Makosa Bridge and Makosa East has been completed and an updated resource estimate is in preparation. Management considers that there is reasonable expectation that most of the Inferred Resources will be upgraded to Indicated Resource status. The original 8,000 metre RC drilling program at Baraka 3 was extended to over 11,000 metres. In addition to this, initial metallurgical test work is being carried out on the Baraka 3 ore. Management considers that there is reasonable expectation that the Baraka 3 prospect will provide additional resources to the Douta Project. It is anticipated that the current drilling program assay results will be fully received in Q3 2025, following which a Baraka 3 resource will be prepared for inclusion in the updated Douta Resource and Douta PFS. The Environmental Impact Assessment for the Douta Mining License has been pre-validated by the Ministère des Mines et de la Géologie. Further work is being undertaken to meet the requirements of pre-validation. Côte d'Ivoire Guitry Project - Work during the Quarter comprised an initial 4,000 metre RC drilling program designed to test extensions of the identified interpreted mineralisation and to confirm the revised structural interpretation, with drill results expected to be released in July 2025. Marahui Exploration Licence - Exploration activities continued with further geological mapping, rock chip sampling and soil geochemical sampling to define drill targets, delineating a 5 kilometre ("km") long by 200m wide anomaly to be drilled following the rainy season. PRODUCTION SUMMARYUnits Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Mining Total Mined Tonnes 2,756,363 2,874,533 3,781,881 4,024,002 4,710,220 Waste Mined Tonnes 2,513,901 2,602,158 3,398,182 3,668,487 4,171,122 Ore Mined Tonnes 242,461 272,375 383,699 355,515 491,935 Grade g/t Au 3.02 2.42 2.30 2.01 1.78Processing Ore Processed Tonnes 238,425 231,825 247,075 201,958 174,000 Grade g/t Au 3.12 3.23 3.08 3.22 3.42 Recovery % 93.1 93.7 89.2 88.5 94.6 Gold Recovered oz 22,229 22,594 21,827 18,496 18,090 Gold Poured oz 22,784 22,790 24,662 20,110 21,742 Table 1: Production Summary THOR EXPLORATIONS LawsonPresident & CEO About Thor ExplorationsThor Explorations Ltd. is a Canadian mineral exploration company engaged in the acquisition, exploration and development of mineral properties located in Nigeria, Senegal and Côte d'Ivoire. Thor holds a 100% interest in the Segilola Gold Project located in Osun State of Nigeria. Mining and production commenced at Segilola in 2021. Thor holds a 70% interest in the Douta Gold Project located in south-eastern Senegal. Thor trades on the TSX Venture Exchange under the symbol "THX". For further information please contact: Thor Explorations Ltd Email: info@ 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 Yellow Jersey PR (Financial PR) Charles Goodwin / Shivantha Thambirajah / Zara McKinlay Tel: +44 (0) 20 3004 9512 BlytheRay (Financial PR) Tim Blythe / Megan Ray / Said Izagaren Tel: +44 207 138 3203 Qualified PersonThe above information has been prepared under the supervision of Alfred Gillman (Fellow AusIMM, CP), who is designated as a "qualified person" under National Instrument 43-101 and the AIM Rules and has reviewed and approves the content of this news release. He has also reviewed QA/QC, sampling, analytical and test data underlying the information. NOT FOR DISSEMINATION IN THE UNITED STATES OR FORDISTRIBUTION TO U.S. WIRE SERVICES To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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