Thunder Mountain Gold, Inc. and MFD Investment Holdings SA have executed a small-scale production agreement for the South Mountain Project in Owyhee County, Idaho. Under this agreement, Thunder Mountain Gold will operate the project. This marks a significant step towards potential revenue generation from the South Mountain asset.
MFD Investment Holdings SA has committed to funding 100% of the small-scale production venture. This funding arrangement is non-dilutive for Thunder Mountain Gold shareholders, which is a key benefit for existing investors. The agreement outlines a clear path for advancing the project towards production.
This strategic partnership leverages MFD's financial commitment and Thunder Mountain Gold's operational capabilities. The move to a small-scale production agreement indicates a progression beyond pure exploration, aiming to unlock value from the high-grade polymetallic deposit.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.