Thor Explorations Ltd. (TSXV:THX) acquired an 80% interest in Sofita Licence in southeast Senegal from Sofita Services & Logistiques for $0.02 million recently announced on April 3, 2024. Under the terms, Work program of $300,000 over two years and payment of $20,000 to Sofita Services & Logistiques for an 80% interest in the Sofita Licence with Sofita and the Government of Senegal each retaining a 10% free carried interest for the life of the licence. In related transaction, Thor Explorations acquired an 85% interest in Douta-West Licence in Senegal from Birima Gold SARL.

Henry Fitzgerald-O'Connor, James Asensio, and Harry Rees of Cannacord Genuity Group acted as financial advisor to Thor Explorations.