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Thesis Gold & Silver Inc.: A Prefeasibility-Stage Gold-Silver Developer in British Columbia's Toodoggone District

Maker Capital Research2026-10-2210 min read
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Gold and Silver Development TSX-V: TAU | OTCQX: THSGF | FRA: A422AH

P&P reserve
3,246 koz
AuEq at 1.33 g/t (PFS, Dec 1, 2025)
M&I resource
4,564 koz
M&I AuEq, incl. reserves (Dec 1, 2025)
Cash
C$121,684,680
at Aug 31, 2026 (Q2 MD&A)
EA decision
Early 2029
Company expectation (Jun 2026)

Three things to know

  1. A prefeasibility-stage developer: the December 1, 2025 PFS reported a Proven and Probable reserve of 3,246 thousand ounces AuEq at 1.33 g/t and a 15-year mine life.
  2. AngloGold Ashanti invested in February 2026 and increased its stake to 9.7% through a C$58,462,111 offering closed August 27, 2026. Cash was C$121,684,680 at August 31, 2026.
  3. Permitting runs through a single BC-led environmental assessment. The Company targets a Feasibility Study before the end of 2027 and expects an assessment decision in early 2029.

Company Profile

Thesis Gold & Silver Inc. (TSX-V: TAU | OTCQX: THSGF | FRA: A422AH) is a Vancouver-based precious metals development company focused on its 100%-owned Lawyers-Ranch Gold-Silver Project in the Toodoggone Mining District of British Columbia. According to the Company's MD&A for the three and six months ended August 31, 2026 (current as of October 14, 2026), the project comprises 133 mining claims covering 502.9 square kilometres.

The Company changed its name from Thesis Gold Inc. to Thesis Gold & Silver Inc. in February 2026. Its February 17, 2026 release said the new name better reflects the Company's corporate strategy and the "significant silver endowment" at Lawyers-Ranch.

The Company announced a Prefeasibility Study (PFS) on December 1, 2025 and filed the NI 43-101 Technical Report on SEDAR+ on January 14, 2026.

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