Thunder Gold Stock Price, News & Analysis

Thunder Gold Corp (OTCQB: TGOLF) has successfully closed an oversubscribed non-brokered private placement, raising CDN$1.6 million, exceeding the initial offering of CDN$1 million. The financing consisted of 12,857,143 flow-through units at CDN$0.07 per unit and 11,666,667 non-flow-through units at CDN$0.06 per unit.

The company issued warrants exercisable at CDN$0.10 per share for 18 months, with an accelerated expiry option if the 20-day VWAP reaches CDN$0.20. The placement included finder's fees of CDN$91,750 and 1,410,727 finder warrants.

Proceeds will fund the expansion of the 2024 soil geochemistry grid along the Thunder Lake Fault, including infill soil geochemistry on prioritized gold-in-soil anomalies. The company plans a 2,000 to 3,000 metre Phase 3 drill program scheduled for mid to late September.

Thunder Gold Corp (TSXV: TGOL) (OTCQB: TGOLF) has announced an increase in its non-brokered private placement from CDN$1.0M to CDN$1.6M. The offering consists of flow-through units at CDN$0.07 per unit and non-flow-through units at CDN$0.06 per unit.

The funds will support exploration at the company's Tower Mountain Gold Property in Ontario, where drilling is currently underway. The property spans 2,500 hectares in the Shebandowan Greenstone Belt. The Phase II drill program began June 15th, with four holes completed at the P-Target and ongoing drilling at the A Target. The company plans a Phase III drill program of 2,000-3,000 metres for fall 2025.

Thunder Gold Corp (TGOLF) has announced a non-brokered private placement to raise up to C$1 million through a combination of flow-through and non-flow-through units. The offering includes up to 7,142,857 flow-through units at $0.07 per unit and up to 8,333,333 non-flow-through units at $0.06 per unit. Each FT Unit includes one common share and half a warrant, while non-FT Units include one share and a full warrant. Warrants are exercisable at $0.10 for 18 months. Proceeds will fund exploration at the company's Tower Mountain Gold Property in Ontario, with Phase II drilling targeting P, A, and 37/38 Target areas. The placement is expected to close around June 13, 2025, subject to TSXV approval.

Thunder Gold Corp (OTCQB: TGOLF) has announced results from its Phase One drill program at the Tower Mountain Gold Property in Ontario. The program completed 9 holes (1,209 meters) of a planned 2,000-meter program, with 800 meters deferred to Phase Two due to safety concerns. Eight of nine holes intersected low-grade gold values ranging from 0.10 to 0.50 g/t Au over broad intervals. Statistical analysis confirms similar grade distribution to historical data along the western contact of the Mountain Intrusive Complex. The high-grade gold target appears to plunge 30° to 40° southeast. Phase Two drilling (1,800 meters) will commence in June, targeting both the P-Target and the 37-38 Target, where previous drilling revealed significant results including 963.0 g/t over 1.5 metres in hole TM23-137.

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.

Thunder Gold Corp (OTCQB: TGOLF) has announced its 2025 exploration plans for the Tower Mountain Gold Property in Ontario. The company will conduct a 50 line-kilometre ground magnetic survey over the Tower Mountain Intrusive Complex (TMIC) to prioritize multiple gold-in-soil anomalies identified in Q4-2024.

The exploration program includes two drilling phases: Phase 1 (1,200 metres) focusing on expanding the P-Target along the eastern TMIC margin, and Phase 2 (1,800 metres) targeting the Western Contact Zone to prepare for an initial NI 43-101 mineral resource estimate.

The P-Target drilling aims to demonstrate mineralization continuity over a 400x200x100-metre volume with grades of 1.0-2.0 g/t Au. The 37-38 Target, part of Phase 2, previously yielded the property's highest grade of 963.0 g/t over 1.5 metres. The current conceptual exploration target along the western TMIC contact ranges between 40-80 million tonnes averaging 0.80-1.20 g/t Au.

Thunder Gold Corp. (TSXV: TGOL) (FSE: Z25) (OTCQB: TGOLF) has engaged German Mining Networks GmbH (GMN) to provide marketing and investor relations services in Europe. The agreement is for an initial three-month term at CDN$6,800 per month, with automatic renewal for successive three-month periods unless terminated by either party.

GMN currently holds no direct or indirect interest in Thunder Gold or its securities and has not been granted any stock options. The company's CEO, Wes Hanson, expressed optimism about introducing European investors to Thunder Gold's story, particularly highlighting their flagship Tower Mountain Gold Property as a potential attraction for early-stage gold exploration investment opportunities.

Thunder Gold Corp (TGOLF) has successfully closed an over-subscribed non-brokered private placement, raising $1,250,000 by issuing 20,833,333 Units at $0.06 per Unit. Each Unit includes one common share and half a warrant, with each whole warrant exercisable at $0.10 per share for 18 months.

The company paid $62,500 in finder's fees and issued 1,041,667 finder warrants. PowerOne Capital Markets acted as a finder for part of the offering. The proceeds will primarily support general working capital and advance the company's 100% owned Tower Mountain Gold Property in the Shebandowan Greenstone Belt.

Additionally, the Board approved granting 3,750,000 options to Directors and Management, exercisable at $0.10 with a 12-month expiry term.

Thunder Gold Corp (TSXV: TGOL, OTCQB: TGOLF) has announced a non-brokered private placement aiming to raise $1,250,000 through the sale of 20,833,333 units at $0.06 per unit. Each unit includes one common share and half a purchase warrant, with each whole warrant allowing the purchase of one share at $0.10 within 18 months.

The company may pay finder's fees up to 5% in cash and 5% in finder warrants, with PowerOne Capital Markets acting as a finder. The financing is expected to close around January 23, 2025. Proceeds will be used for exploration of the Tower Mountain Gold Property and working capital. Company directors and officers may participate in the financing, with appropriate exemptions from MI 61-101 requirements.