Thunder Mountain Gold, Inc. (TSXV: THM, OTCQB: THMG) closed a non‑brokered private placement that generated aggregate gross proceeds of US$2.5 million. The financing was structured as 10,000,000 units sold at US$0.25 per unit; each unit consists of one common share and one‑half of a common share purchase warrant, with each whole warrant exercisable at US$0.40 until October 24, 2027.
The proceeds are earmarked to advance the company’s flagship South Mountain Project in Idaho, covering drilling, metallurgy, resource and mine‑planning studies, and general working capital. The company also plans to use the funds to support near‑term technical and corporate milestones that reduce project risk and accelerate step‑out exploration. The private placement was offered exclusively to accredited investors and is subject to a four‑month hold period expiring February 24, 2026.
Thunder Mountain Gold’s CEO, Eric T. Jones, said the financing “provides the capital needed to advance South Mountain” and expressed appreciation for investor support, underscoring confidence in the company’s strategy, assets, and long‑term vision. The transaction remains subject to TSX Venture Exchange approval and was previously announced earlier in 2025 as an intended private placement.
Additional context: The South Mountain Project is an advanced‑stage development opportunity with high‑grade polymetallic deposits and existing underground infrastructure that can reduce initial capital requirements. In September 2025, the company formalized a small‑scale production agreement with Swiss‑based MFD Investment Holdings SA, which will fund 100% of qualifying capital to advance to small‑scale production. Thunder Mountain Gold also owns the Trout Creek Project in Nevada and maintains a Fair Financial Health Score of 2.17, though its stock is trading above fair value. The company’s recent share price has risen 548.91% over the past year, reflecting strong investor sentiment.
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