TSX-V: TAU   $2.70 (+3.85%)
OTCQX: THSGF   $1.92 (+2.95%)
FSE: A3EP87   $1.58 (-2.47%)
TSX-V: TAU   $2.70 (+3.85%)
OTCQX: THSGF   $1.92 (+2.95%)
FSE: A3EP87   $1.58 (-2.47%)

Investors

Why Invest?

Premier Mining Jurisdiction

Lawyers-Ranch is located in the Toodoggone District in Northern British Columbia, within a 495 km2 land package.

Year-round Access and Existing Infrastructure

The project is accessible year-round by road, is less than 5 km from Sturdee airstrip, and just 45 km from hydroelectric tie-ins at the Kemess mine.

Large Mineral Resource Estimate1 with Upside

Large Measured & Indicated (M&I) Mineral Resource1 of:

  • 4.6 Moz AuEq at 1.21 g/t
  • Including 3.2 Moz AuEq P&P Reserves at 1.33 g/t
Significant Exposure to Silver1

Significant Exposure to Silver with:

  • 97.9 Moz Ag M&I at 25.9 g/
  • Including 68.7 Moz Ag P&P Reserves at 28.08 g/t
Strong Economics1, 2 (2025 PFS)

Lawyers Ranch is one of North America's top undeveloped Gold/Silver Projects with:

  • After-tax NPV(5%) of C$2.37 billion
  • After-tax IRR of 54.4%
  • 1.1 years payback
Strong Indigenous Partnerships and Community Support

Tackla, Kwadacha and Tsay Keh Dene First Nations are shareholders of Thesis.

Signed agreements with First Nations and Environmental Management Committee to co-lead the Environmental Assessment Process.

(1) Refer to the news release dated December 1, 2025 entitled "Thesis Gold Announces Positive Prefeasibility Study for Lawyers-Ranch Project: After-Tax NPV5% of $2.37 Billion and 54.4% IRR"
(2) At US$ 2,900/oz Au and $35/oz Ag

Shareholder Information

Thesis Gold’s shares are listed on the TSX Venture Exchange under the symbol TAU, on the OTCQX Market under the symbol THSGF, and on the Frankfurt Stock Exchange under the symbol A3EP87.

  • TSX-V
  • OTCQX
  • FSE

FSE: A3EP87

Open $1.580 Volume 0
Last $1.580 Day Hi $1.580
Change -0.04 Day Low $1.580

15 minute delay

 

Capital Structure as at December 1, 2025

Common Shares Outstanding (July 30, 2025) 260,510,000
Stock Options Outstanding 13,363,196
Warrants Outstanding1 2,991,629
Deferred Share Units 855,250
Restricted Share Units 1,500,000
Fully Diluted Shares 279,220,147
Market Cap. (at December 1, 2025) CAD$ 473M

1 Broker warrants

Strong Institutional Support

Equinox Partners Investment Management1  
Franklin Advisers inc.  
Merk Investments LLC  
Waratah  
Ixios Asset Management SA  
Schroder Investment Management Ltd.  
CI Investments, Inc  
1832 Asset Management  
Extract Advisors  
Apac Resources  
Strategic Investment - Centerra Gold 9.9%  

(1) Shareholders who own directly or indirectly, or exercise control or direction over voting securities carrying more than 10% of Thesis Gold’s voting rights.

Presentations

Corporate Presentation
Fact Sheet

Events

  • Upcoming Events
  • Past Events
Jan
23
2026
Metals Investor Forum Vancouver
Vancouver
Jan 23 - 24, 2026
Learn More
Feb
23
2026
BMO 35th Global Metals, Mining & Critical Minerals Conference
Hollywood, Florida
Feb 23 - 26, 2026
Learn More
Feb
27
2026
Pre-PDAC Metals Investor Forum Toronto
Toronto
Feb 27 - 28, 2026
Learn More
Mar
18
2026
Swiss Mining Institute Conference
Zurich, Switzerland
Mar 18 - 19, 2026
Learn More
Apr
10
2026
Capital Events Management
Scottsdale, Arizona
Apr 10 - 12, 2026
Learn More
May
19
2026
Canaccord Genuity Global Metals & Mining Conference
Lake Las Vegas, Nevada
May 19 - 21, 2026
Learn More
May
27
2026
Atlantic One Investment Summit
Mallorca, Spain
May 27 - 30, 2026
Learn More
Sep
27
2026
Mining Forum Americas, 2026
Colorado Springs, USA
Sep 27 - 30, 2026
Learn More
Dec
2
2025
Scotiabank's 27th Annual Mining Conference
Toronto, ON
Dec 2 - 3, 2025
Learn More
Dec
1
2025
Lawyers-Ranch PFS Conference Call
Virtual
Learn More
Nov
17
2025
121 Mining Investment
London, UK
Nov 17 - 18, 2025
Learn More
Nov
10
2025
Precious Metals Summit
Zurich, Switzerland
Learn More
Sep
14
2025
Mining Forum Americas
Colorado Springs, Colorado
Sep 14 - 17, 2025
Learn More
Sep
9
2025
Precious Metals Summit
Beaver Creek, Colorado
Learn More
Jun
9
2025
121 Mining Investment
New York
Jun 9 - 10, 2025
Learn More
May
20
2025
Canaccord Global Metals & Mining Conference
Henderson, Nevada
May 20 - 22, 2025
Learn More
May
9
2025
Metals Investor Forum
Vancouver, BC
Learn More
Mar
18
2025
Swiss Mining Institute Conference
Zurich, Switzerland
Mar 18 - 19, 2025
Learn More
Mar
11
2025
Torrey Hills Capital Non-Deal Roadshows
San Diego, Newport Beach, San Francisco
Mar 11 - 12, 2025
Learn More
Mar
2
2025
Thesis Gold will be present in the Investors Exchange Booth 2344
Toronto, Ontario
Mar 2 - 5, 2025
Learn More

Financial Reports

View All
SEDAR Filings

2025 Annual and Special Meeting of Shareholders

Meeting Date and Location: Virtual meeting on December 2, 2025 at 9:00 am Pacific Time

Instructions to join: Refer to the Notice and Access Notification

For questions about notice-and-access, or to request a paper copy of the Meeting Materials at no cost (request by November 19, 2025), please contact Thesis Gold's transfer agent:

  • Odyssey Trust Company

  • By phone at 1-888-290-1175 (toll-free within North America) or 1-587-885-0960 (direct from outside North America)

  • By email at shareholders@odysseytrust.com

Notice and Access Notification to Shareholders Form of Proxy Notice of Meeting and Management Information CircularRequest for Financial Statements

Other Filings

Analyst Coverage

Thesis Gold is followed by the following research analysts. This list may not be accurate or exhaustive as analysts and institutions may change their coverage universe from time to time.

Any opinions, estimates or forecasts regarding Thesis Gold’s performance made by research analysts are theirs alone and do not represent the Company’s or its management’s opinions, forecasts or predictions. We do not endorse or approve any analyst’s opinions, estimates, forecasts, conclusions or recommendations about our company or our securities.

Please note that we do not distribute analyst reports.

Cormark Securities Inc.
Richard Gray, CFA
Director, Head of Mining, Institutional Equity Research
Hannam & Partners
Jonathan Guy
Director of Mining Research
Haywood Capital Partners
Jamie Spratt, CFA
Research Analyst, Mining
National Bank of Canada
Alex Terentiew, MBA, P.Geo.,
Director, Equity Research, Mining
Raymond James
Craig Stanley, M. Sc. Geo
Precious Metals Analyst
SCP Resource Finance
Brandon Gaspar
Vice President, Research Analyst
Scotiabank
Ovais Habib
Managing Director, Gold & Precious Minerals

Thesis Gold – Analysts Coverage – November 2025