What Thesis Gold does

Thesis Gold & Silver Inc. (formerly Thesis Gold Inc., rebranded February 2026) is a Canadian precious metals development company headquartered in Vancouver, British Columbia, listed on the TSX Venture Exchange (TAU), OTCQX (THSGF), and Frankfurt (A422AH). The company's sole focus is its 100%-owned Lawyers-Ranch Gold/Silver Project, a 495 km2 land package in the Toodoggone Mining District of north-central British Columbia. The asset hosts 4.56 million gold-equivalent ounces in Measured and Indicated resources at 1.21 g/t (including 3.2 Moz AuEq Proven and Probable Reserves at 1.33 g/t) and 97.89 million ounces of silver in M&I at 25.9 g/t (including 68.7 Moz Ag P&P at 28.08 g/t), positioning it as one of North America's most significant undeveloped gold/silver assets.

The company is pre-revenue and pre-production. Its business model is the staged development of a single mineral asset through exploration, pre-feasibility, feasibility, environmental assessment, and ultimately construction and production. A Pre-Feasibility Study filed in January 2026 (results announced December 2025) outlines 187,000 AuEq oz/year average annual production over a 15-year mine life, C$2.37 billion after-tax NPV5%, a 54.4% after-tax IRR, US$1,185/oz all-in sustaining cost, and a 1.1-year payback at US$2,900/oz gold and US$35/oz silver base-case prices. Initial capex is estimated at C$736.2 million. Funding to date has come exclusively from equity financings; the company held C$76 million in cash against negligible debt of C$809,000 as of early 2026.

Capital structure and ownership reflect strong institutional validation. Strategic shareholders include AngloGold Ashanti (5% stake acquired February 2026 for C$38.7M) and Centerra Gold (9.9% stake since April 2025, with additional top-up participation in February 2026). Three First Nations communities (Kwadacha, Tsay Keh Dene, and Takla) hold equity acquired through a September 2025 private placement, signaling social license alignment. Cumulative equity raised since 2024 exceeds C$97 million, supporting ongoing drilling, feasibility study work, and the Environmental Assessment process, where a substituted 'one project, one review' approach (federal Impact Assessment delegated to BC's EA Office) was confirmed in June 2026, with an EA decision anticipated in early 2029.

Name

Thesis Gold

Legal name

Thesis Gold & Silver Inc.

Website

https://thesisgold.com

Company type

Public

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Thesis Gold & Silver Inc. is a Canadian precious metals development company advancing its 100%-owned Lawyers-Ranch Gold/Silver Project in British Columbia's Toodoggone Mining District toward production, targeting 187,000 AuEq oz/year over a 15-year mine life.

Ownership category

akta.pro rank

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Pre-production Development Stage: Thesis Gold & Silver is a precious metals development company currently in the pre-production stage. The company is advancing its 100%-owned Lawyers-Ranch Gold/Silver Project in British Columbia through exploration, pre-feasibility, and environmental assessment phases toward production. Once operational, the company will generate revenue through the sale of extracted gold and silver products. Currently, the company is pre-revenue and funded by equity investments and private placements.

Marketing channels4 records

Core offering

Thesis Gold & Silver Inc. is a precious metals development company focused on advancing its 100%-owned Lawyers-Ranch Gold/Silver Project in the Toodoggone Mining District of north-central British Columbia through exploration, pre-feasibility study, and environmental assessment phases toward eventual gold and silver production. The company holds 4.56 Moz AuEq in Measured and Indicated resources plus 97.9 Moz of silver, and is currently pre-revenue, funded by equity financings and strategic investments.

Product overview

Thesis Gold & Silver Inc. is a Canadian precious metals development company with a single primary focus: the exploration and development of its 100%-owned Lawyers-Ranch Gold/Silver Project. The project is a gold and silver resource development asset located in the Toodoggone Mining District of north-central British Columbia. The company does not operate a software product or platform — its business is mineral resource extraction, and its sole product offering is the Lawyers-Ranch project itself, which is advancing through exploration, pre-feasibility, environmental assessment, and toward feasibility study stages. As a development-stage mining company, there are no distinct software products, modules, or named service offerings beyond the project itself.

Differentiator

Problem solved

Functional benefit

Products and services

• Lawyers-Ranch Gold/Silver Project A pre-production gold and silver mining development project covering 495 km² in the Toodoggone Mining District of north-central British Columbia. Includes 4.56 Moz AuEq Measured and Indicated resources, 97.9 Moz of silver, with planned average annual production of 187,000 AuEq ounces over a 15-year mine life. Targets future sale of extracted gold and silver into global precious metals markets. Currently advancing through exploration, pre-feasibility, environmental assessment, and toward feasibility study stages.

Quantifiable outcome

• 54.4% after-tax IRR from Pre-feasibility Study
• +4 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators11 records

Recent moves8 records

Expansion highlights6 records

Market position

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds7 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Thesis Gold