Thor Explorations says Osun fact-finding report confirms it complied with obligations
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Thor Explorations has been vindicated by an Inter-Ministerial Fact-Finding Committee report, which confirmed the company's compliance with legal and regulatory obligations. The report invalidated a ₦3.25 billion tax invoice, reducing it to ₦98.35 million, and found no evidence of environmental pollution or grounds for additional environmental levies.
March 26, 2025 | 9:30 am
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POSITIVE IMPACT
The fact-finding report validates Thor Explorations' operations and significantly reduces potential financial liability, removing regulatory uncertainty.
The report completely exonerates the company from allegations, removes significant financial risk, and provides clarity for investors, which should positively impact stock perception.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100