CORRECT (Sep 30): Thor Explorations challenges "false" press charges

Tue, 01st Oct 2024 12:59

(Corrects that it is Thor Explorations commenting on "false claims" in the press and not Thor Energy PLC).

Thor Explorations Ltd - West Africa-focused mineral exploration company - Reacts to what it terms "false claims and allegations, reported in the press, by special advisers of the Osun state government, Nigeria". Says the allegations contain "gross inaccuracies and false claims about Thor's wholly owned subsidiary, Segilola Resources Operating Ltd, regarding tax evasion and unethical business practices. Thor Explorations fully rejects all the allegations and has not been presented with any evidence by the Osun state government to support its claims. As reported in the local media, the allegations were formally refuted by the country manager of Segilola Resources Operating Ltd," company says in a statement.

Current stock price: 16.44 pence on Tuesday in London

12-month change: down 7.4%

By Jeremy Cutler, Alliance News reporter

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