Thunder Mountain Gold, Inc. announced the successful completion of a non-brokered private placement on May 16, 2025, raising US$1,200,000. This was achieved through the sale of 10,000,000 units at a price of US$0.12 per unit. Each unit consisted of one common share and one-half warrant, with each whole warrant exercisable at US$0.18 for a two-year term.
The proceeds from this private placement are designated to fund exploration activities at the South Mountain Project in Idaho and the Trout Creek Project in Nevada. Additionally, the capital will be used for general working capital and ongoing development activities at the South Mountain Project. This funding is intended to further enhance the project's value.
This financing provides additional resources required to move forward with critical development initiatives. The securities issued are subject to applicable exemptions under U.S. and Canadian securities laws, including a six-month hold period under the U.S. Securities Act and a four-month hold period under Canadian securities laws.
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