Welcome to our dedicated page for Thunder Mountain news (Ticker: THMG), a resource for investors and traders seeking the latest updates and insights on Thunder Mountain stock.
Thunder Mountain Gold, Inc. reports developments for a junior exploration company with base and precious metals interests in the western United States. The company’s principal asset is the South Mountain Mine in Owyhee County, Idaho, a historic zinc, silver, gold, lead and copper project, and it also owns the Trout Creek gold exploration project in Nevada.
Company news commonly covers South Mountain technical work and production-pathway evaluations, financing actions such as private placements, market-making arrangements, and governance matters including board roles, bylaw amendments and annual shareholder voting results. Updates also address agreements related to project funding and development planning.
Thunder Mountain Gold (OTCQB: THMG) amended its bylaws to lower shareholder meeting quorum requirements to one-third (1/3) of outstanding voting shares, effective prior to the annual meeting held January 28, 2026. Shareholders elected four directors and approved Assure CPA, LLC as auditor for the ensuing fiscal year.
The company reiterated its focus on its principal assets, including the South Mountain Mine and the Trout Creek gold exploration project in Idaho and Nevada-adjacent ground.
Thunder Mountain Gold (OTCQB: THMG; TSXV: THM) entered a market making services agreement with Independent Trading Group (ITG), effective April 1, 2025. ITG, a Toronto-based dealer member, will appoint an approved trader to provide market making on behalf of the company.
Key commercial terms: the company will pay ITG a monthly fee of CDN$6,000, funded from available cash and working capital. The initial term is one month with automatic monthly renewals and 30-day termination rights. Thunder Mountain Gold said it will evaluate the agreement's duration in early 2026. ITG holds no ownership or acquisition rights in the company.
Thunder Mountain Gold (TSXV: THM; OTCQB: THMG) announced that MFD Investment Holdings SA has entered an options review phase with Ocean Partners USA to evaluate near-term production pathways at the South Mountain mine.
Workstreams include metallurgical test work, toll-milling and direct-shipping evaluations, production sequencing, a scoping-level commercial/cash-flow review, and high-level logistics and permitting assessments. The program targets potential commencement in 2026, subject to metallurgical outcomes, commercial terms, permitting, and internal approvals; no production decision has been made.
Thunder Mountain Gold (OTCQB: THMG) closed a non-brokered private placement on October 27, 2025 raising US$2,500,000 via 10,000,000 units at US$0.25 per unit. Each unit includes one common share and one-half warrant; whole warrants exercise at US$0.40 until October 24, 2027. Proceeds are earmarked to advance South Mountain technical work (drilling, metallurgy, resource and mine planning) and for general working capital. Securities are subject to a statutory four-month hold expiring February 24, 2026.
Thunder Mountain Gold (OTCQB: THMG) announced on October 3, 2025 that the board unanimously appointed long‑time director Ralph Noyes as Chairman of the Board, splitting chair duties from the President & CEO. Mr. Noyes has >45 years of mining experience and has served on the Thunder Mountain board since 2016. The release reiterates the company's focus on advancing the South Mountain Project, where Thunder Mountain has invested approximately US$25 million and historic smelter records report 53,642 tons shipped at high grades (14.5% Zn; 10.6 opt Ag; 0.058 opt Au). Technical data reviewed by QP Tyson Forbush, C.P.G.
Thunder Mountain Gold (OTCQB: THMG) clarified on October 3, 2025 that its private placement is for up to 10,000,000 Units at US$0.25 (CAD$0.35) per Unit to raise gross proceeds of up to US$2,500,000 (CAD$3,500,000). Each Unit includes one common share and one-half warrant (one full warrant per two Units). Each warrant allows purchase of one share at US$0.40 (CAD$0.55) for 24 months. Proceeds will fund exploration and general working capital. The financing has conditional approval from the TSX Venture Exchange, may close in tranches, is offered to accredited investors, and securities will be subject to a four‑month hold under TSXV policy.
Thunder Mountain Gold (OTCQB: THMG) has announced a non-brokered private placement offering of up to 1,000,000 units at US$0.25 (CAD$0.35) per unit, aiming to raise up to US$2.5 million (CAD$3.5 million). Each unit includes one common share and a half warrant, with each full warrant exercisable at US$0.40 (CAD$0.55) for 24 months.
The company's primary asset is the South Mountain Mine in Idaho, a historic polymetallic project containing zinc, silver, gold, lead, and copper. Historical production from the mine averaged grades of 14.5% Zn, 363.42 g/t Ag, 1.98 g/t Au, 1.4% Cu, and 2.4% Pb. The proceeds will support exploration activities and general working capital.
Thunder Mountain Gold (OTCQB: THMG, TSXV: THM) has entered into a strategic small-scale production agreement with MFD Investment Holdings SA for its South Mountain Project in Idaho. Under the agreement, THMG will serve as operator while MFD funds 100% of the qualifying capital in a non-dilutive venture.
The revenue-sharing structure allocates 80% to MFD and 20% to THMG until MFD recovers 1.5x its investment, then shifts to a 50/50 split until 1.5 million tonnes are mined, after which THMG receives 100% of revenues. Additionally, MFD can earn a 10% equity stake in the project by investing $1 million in exploration by October 31, 2026.
The South Mountain Mine, located 70 miles southwest of Boise, contains high-grade zinc, silver, gold, and copper deposits, with historical production averaging 14.5% Zn, 363.42 g/t Ag, 1.98 g/t Au, 1.4% Cu, and 2.4% Pb.
Thunder Mountain Gold (OTCQB:THMG) has initiated Phase II field exploration at its South Mountain Project in Owyhee County, Idaho. The program features advanced Magnetotelluric (MT) surveys and comprehensive geophysical work targeting deep porphyry systems and expanding known Carbonate Replacement Deposits (CRD)/skarn mineralization.
The company has assembled a distinguished technical team including John Reynolds (Durango Geophysical), Rich Leveille (former Freeport-McMoRan SVP), and other industry experts. The South Mountain Project, located 70 miles southwest of Boise, has historical production of 53,642 tons with average grades of 14.5% Zn, 363.42 g/t Ag, 1.98 g/t Au, 1.4% Cu, and 2.4% Pb.
MT and IP surveys will continue through late summer, with interpretation and 3D modeling planned for Q4 2025. Drill targeting is underway for a potential late-2025 or early-2026 program.
Thunder Mountain Gold (OTCQB: THMG, TSXV: THM) has initiated its 2025 exploration season at the South Mountain Mine project in Owyhee County, Idaho. The company has deployed a team of geologists, geophysicists, and technicians to conduct comprehensive field work, including geological mapping, sampling, and advanced geophysical surveys.
The South Mountain project, a former Anaconda Mining producer, contains high-grade deposits of zinc, silver, gold, lead, and copper. Historical production from the mine averaged grades of 14.5% Zn, 363.42 g/t Ag, 1.98 g/t Au, 1.4% Cu, and 2.4% Pb. The company has invested approximately $25 million in the project since 2007 and has rehabilitated over 4,000 feet of underground workings.