Thunder Gold Engages Independent Trading Group to Provide Market-Making Services

Rhea-AI Summary

Thunder Gold Corp (TSXV: TGOL, OTCQB: TGOLF) has announced engaging Independent Trading Group (ITG) to provide market-making services, subject to regulatory approval. ITG will trade the company's common shares on the TSXV and other trading venues to maintain reasonable market conditions and enhance share liquidity.

The agreement terms include:

• Monthly compensation of CAD$5,000 paid in advance
• Initial one-month term with automatic monthly renewals
• 30-day termination notice required from either party
• No performance factors or stock-based compensation included

ITG and Thunder Gold are unaffiliated entities, with ITG and its principals holding no direct or indirect interest in the company's securities at the time of the agreement.

Positive

• Engagement of professional market maker could improve stock liquidity
• No stock-based compensation prevents shareholder dilution
• Flexible monthly terms with clear termination clause reduces long-term financial commitments

Negative

• Additional monthly expense of CAD$5,000 impacts cash flow

News Market Reaction

-15.31%

1 alert

-15.31% News Effect

On the day this news was published, TGOLF declined 15.31%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Thunder Bay, Ontario--(Newsfile Corp. - March 17, 2025) - Thunder Gold Corp. (TSXV: TGOL) (FSE: Z25) (OTCQB: TGOLF) (formerly White Metal Resources Corp.)  ("Thunder Gold" or the "Company") is pleased to announce that, subject to regulatory approval, it has engaged the Independent Trading Group ("ITG") to provide market-making services in accordance with TSX Venture Exchange policies.

ITG will trade common shares of the Company on the TSXV and all other trading venues with objective of maintaining a reasonable market and improving the liquidity of the Company's common shares.

Under the agreement, ITG will receive compensation of CAD$5,000 per month, payable monthly in advance. The agreement is for an initial term of one month and will renew for additional one-month terms unless terminated. The agreement may be terminated by either party with 30-days' notice. There are no performance factors contained in the agreement, and ITG will not receive shares or options as compensation. ITG and the Company are unrelated and unaffiliated entities and at the time of the agreement, neither ITG nor its principals have an interest, directly or indirectly, in the securities of the Company.

About Independent Trading Group

Independent Trading Group (ITG) Inc. is a Toronto based CIRO dealer-member that specializes in market-making, liquidity provision, agency execution, ultra-low latency connectivity, and bespoke algorithmic trading solutions. Established in 1992, with a focus on market structure, execution and trading, ITG has leveraged its own proprietary technology to deliver high quality liquidity provision and execution services to a broad array of public issuers and institutional investors.

Qualified Person

Technical information in this news release has been reviewed and approved by Wes Hanson, P.Geo., President and CEO of Thunder Gold Corp., who is a Qualified Person under the definitions established by NI 43-101.

About the Tower Mountain Gold Property

The 100%-owned Tower Mountain Gold Property is located adjacent to the Trans-Canada highway, approximately 50-km west of Thunder Bay, Ontario. The 2,500-hectare property surrounds the largest, exposed, intrusive complex in the eastern Shebandowan Greenstone Belt where most known gold occurrences have been described as occurring either within, or proximal to, intrusive rocks. Gold at Tower Mountain is localized within extremely altered rocks parallel to the western contact of the intrusive center. Drilling has established anomalous gold extending out from the intrusive contact for over 500 metres along a 1,500-metre strike length, to depths of over 500-metres from surface. The remaining 75% of the perimeter surrounding the intrusion shows identical geology, alteration, and geophysical response, offering a compelling exploration opportunity.

About Thunder Gold Corp.

Thunder Gold Corporation, formerly White Metal Resources, is a junior exploration company focused on gold discovery in Canada. For more information about the Company please visit: www.thundergoldcorp.com.

On behalf of the Board of Directors,

Wes Hanson, P.Geo., President and CEO

For further information, contact:

Wes Hanson, CEO (647) 202-7686 whanson@thundergoldcorp.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

The information contained herein contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation (collectively, "forward-looking statements"). Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. All statements, other than statements of historical fact, are forward-looking statements and are based on predictions, expectations, beliefs, plans, projections, objectives and assumptions made as of the date of this news release, including without limitation; anticipated results of geophysical drilling programs, geological interpretations and potential mineral recovery. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to the gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty or reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise any forward-looking statements, other than as required by applicable law, to reflect new information, events or circumstances, or changes in management's estimates, projections or opinions. Actual events or results could differ materially from those anticipated in the forward-looking statements or from the Company's expectations or projections.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/244809

FAQ

What is the cost of Thunder Gold Corp's (TGOLF) market-making agreement with ITG?

Thunder Gold Corp will pay ITG CAD$5,000 per month in advance for market-making services.

How long is Thunder Gold's (TGOLF) market-making agreement with ITG?

The agreement has an initial term of one month with automatic monthly renewals unless terminated with 30 days notice.

What are the objectives of TGOLF's market-making services agreement?

The agreement aims to maintain reasonable market conditions and improve the liquidity of Thunder Gold's common shares on TSXV and other trading venues.

Will ITG receive any stock-based compensation from Thunder Gold (TGOLF)?

No, ITG will not receive any shares or options as compensation, only the monthly cash payment.