Thunder Mountain Gold Announces Private Placement Financing

Core Viewpoint - Thunder Mountain Gold, Inc. has announced a non-brokered private placement to raise up to US$2,500,000 for exploration and working capital purposes [1][2]. Group 1: Private Placement Details - The company plans to issue up to 1,000,000 units at a price of US$0.25 (CAD$0.35) per unit, with each unit consisting of one common share and one-half common share purchase warrant [1]. - Each warrant will allow the holder to purchase an additional share at US$0.40 (CAD$0.55) for 24 months from issuance [1]. - The private placement is subject to regulatory approval and may close in one or more tranches [1][2]. Group 2: Use of Proceeds - Proceeds from the private placement will be allocated for exploration activities and general working capital [2]. Group 3: Company Overview - Thunder Mountain Gold, Inc. is a junior exploration company founded in 1935, focusing on base and precious metals projects in the western U.S. [5]. - The company's principal asset is The South Mountain Mine, which contains high-grade zinc, silver, gold, and copper [6]. - The South Mountain Mine has a history of mining from the 1940s to the 1960s and has undergone significant investment and rehabilitation since 2007, totaling approximately US$25 million [6]. Group 4: Technical Information - The South Mountain Project has historical records indicating the mining of approximately 53,642 tons of mineralized material with average grades of 14.5% Zn, 10.6 o.p.t. Ag, 0.058 o.p.t. Au, 1.4% Cu, and 2.4% Pb [6]. - The technical information in the release was reviewed by a qualified geologist, ensuring compliance with relevant regulations [8].