Thunder Mountain Gold Closes US$2.5 Million Private Placement

Core Viewpoint - Thunder Mountain Gold, Inc. has successfully closed a non-brokered private placement, raising a total of US$2,500,000 to advance its South Mountain Project and support its long-term vision [1][3]. Financing Details - The private placement involved the issuance of 10,000,000 units at a price of US$0.25 per unit, generating gross proceeds of US$2,500,000. Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of an additional common share at US$0.40 until October 24, 2027 [3][8]. - All securities issued are subject to a four-month hold period expiring on February 24, 2026, in accordance with Canadian securities laws [4]. Use of Proceeds - Proceeds from the private placement are earmarked for advancing technical work at the South Mountain Project, including drilling, metallurgy, resource, and mine planning studies, as well as for general working capital [8][9]. 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. Its principal asset is the South Mountain Mine, which contains high-grade zinc, silver, gold, and copper [7][8]. - The South Mountain Project has a history of mining from the late 1940s to the late 1960s, with significant past production and ongoing development efforts [9]. Technical Data - The technical information in the release was reviewed by a qualified geologist, ensuring compliance with U.S. SK-1300 regulations and Canadian NI 43-101 standards [10].