- Thesis Gold & Silver (TSXV:TAU) closed a previously announced C$44 million private placement with global gold mining companies AngloGold Ashanti (NYSE:AU) and Centerra Gold (TSX:CG)
- The mining and development company’s Lawyers-Ranch gold-silver project in British Columbia hosts an estimated 4.6 million ounces of gold measured and indicated
- Thesis stock has added 343.59 per cent year-over-year
Thesis Gold & Silver (TSXV:TAU) closed a previously announced C$44 million private placement with global gold mining companies AngloGold Ashanti (NYSE:AU) and Centerra Gold (TSX:CG).
Anglogold Ashanti picked up 13,858,883 or 5 per cent of Thesis’ issued and outstanding shares at C$2.79 per share for C$38,666,284. Proceeds will go towards working capital and general corporate purposes, including technical studies underway at Thesis’ pre-feasibility-stage Lawyers-Ranch gold-silver project in British Columbia, where resources are estimated at 4.6 million ounces of gold equivalent measured and indicated.
According to Thursday’s news release, the investment includes certain financing and other participation rights, which will allow AngloGold Ashanti to maintain its interest in the company and have a voice on the technical committee overseeing the Lawyers-Ranch project.
Centerra, for its part, activated its existing investor rights agreement signed in 2025 to participate in the private placement, maintaining its 9.9 per cent pro rata ownership through the purchase of 2,059,730 Thesis shares at the C$2.79 price for gross proceeds of C$5,746,647.
Thesis remains focused on improving the quality and extent of Lawyers-Ranch’s deposit, recently yielding a highlight intercept of 38 metres at 3.62 grams per ton of gold beyond the known mineralized footprint.
About Thesis Gold & Silver
Thesis Gold & Silver is a Canadian precious metals mining and development company. It’s Lawyers-Ranch project hosts a large, high-quality gold and silver resource with robust expansion potential.
The gold and silver stock (TSXV:TAU) is up by 1.76 per cent on the news trading for C$3.46 as of 11:15 am ET. The stock has added 343.59 per cent year-over-year.
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