#Canada #Vancouver #Thesis Gold #Centerra Gold #AngloGold Ashanti

Thesis Gold and Strategic Investments

Thesis Gold Inc., a prominent player in the precious metals sector, has made headlines with its recent announcement regarding a strategic investment by AngloGold Ashanti and participation from Centerra Gold, which totals an impressive C$44 million. This bold move positions Thesis to further develop its 100%-owned Lawyers-Ranch Gold/Silver Project, deemed to have immense potential in British Columbia’s Toodoggone Mining District.

Partnership with AngloGold Ashanti

As part of this strategic collaboration, AngloGold Ashanti will purchase 5% of Thesis Gold's common shares. Dr. Ewan Webster, President and CEO of Thesis, expressed his excitement about welcoming such a reputable investor, stating that their involvement validates the quality of the Lawyers-Ranch Project and the disciplined work that has already been accomplished. The investment by AngloGold Ashanti underscores its commitment to building high-quality mining districts and creating collaborative opportunities that could unlock further potential in the ongoing development work at the project.

Under the terms of the subscription agreement, AngloGold Ashanti is set to acquire approximately 13.86 million shares at C$2.79 each, raising about C$38.67 million. This price reflects the average trading price of the company’s shares on the TSX Venture Exchange as of February 18, 2026. Along with this investment, an investor rights agreement will be created, granting AngloGold Ashanti certain rights to maintain its shareholding and participate in the future growth of Thesis Gold.

Centerra Gold's Role in Financing

In conjunction with this, Centerra Gold, an existing stakeholder in Thesis, is also expected to exercise its rights to participate in this financing round. The company plans to acquire over 2 million shares at the same price per share, resulting in gross proceeds of around C$5.75 million. This move will increase Centerra's ownership stake to 9.9%, further solidifying their relationship with Thesis Gold for future endeavors.

Utilizing Proceeds for Future Development

The combined gross proceeds from both investments will be used for working capital as well as general corporate purposes, particularly for ongoing technical studies at the Lawyers-Ranch Project. This substantial input will assist Thesis in progressing towards its goals, including advancing its Environmental Assessment Process and initiating a Feasibility Study in 2026. The company’s Prefeasibility Study has already indicated strong economic viability for the project, highlighting a robust after-tax IRR of 54.4% and a projected NPV of C$2.37 billion based on current gold and silver prices.

Conclusion

As Thesis Gold prepares for the upcoming financing closing, anticipated around February 26, 2026, all stakeholders are looking forward to the positive impact this infusion of funds will have on the project. By leveraging the technical expertise and financial support of AngloGold Ashanti and Centerra Gold, Thesis Gold is poised to elevate the Lawyers-Ranch Project to a leading position in the global precious metals development landscape. With a commitment to transparency and growth, the future appears bright for Thesis Gold as it navigates the next steps in its ambitious plans for expansion and innovation in the mining sector.