Thunder Mountain Gold closes $2.5 million private placement

Thunder Mountain Gold, Inc. (TSXV: THM) (OTCQB: THMG) announced it has closed a non-brokered private placement for gross proceeds of $2.5 million.

The company issued 10 million units at $0.25 per unit. Each unit consists of one common share and one-half of a common share purchase warrant. Each whole warrant allows the holder to purchase one additional common share at $0.40 until October 24, 2027.

Thunder Mountain Gold stated the proceeds will advance technical work at its South Mountain project, including drilling, metallurgy, resource and mine planning studies, as well as provide general working capital.

"This financing provides the capital needed to advance South Mountain. We appreciate the strong support from our investors, which underscores their confidence in our strategy, assets, management team, and long-term vision," said Eric T. Jones, President and CEO.

All securities issued are subject to a statutory four-month hold period expiring February 24, 2026, in accordance with Canadian securities laws and TSX Venture Exchange policies. The private placement was conducted under exemptions from prospectus and registration requirements to accredited investors.

Final acceptance of the private placement remains subject to TSX Venture Exchange approval.

Thunder Mountain Gold is a junior exploration company founded in 1935 with interests in base and precious metals projects in the western United States. The company's principal asset is the South Mountain Mine, located on private land in Owyhee County, Idaho.

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