Thunder Mountain Gold Announces Market Making Services Agreement

Rhea-AI Summary

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.

Positive

• Market making service starts on April 1, 2025
• Agreement could improve liquidity through a dedicated approved trader

Negative

• Company will fund the CDN$6,000/month fee from cash and working capital
• Initial term is only one month, creating short-term renewal uncertainty

Boise, Idaho--(Newsfile Corp. - December 29, 2025) -  Thunder Mountain Gold, Inc. (OTCQB: THMG) (TSXV: THM) ("Thunder Mountain Gold" or the "Company") reports that it has entered into a market making services agreement (the "Agreement") with Independent Trading Group (ITG), Inc. ("ITG") effective as of April 1, 2025. ITG is a Toronto based independent dealer member registered with the Canadian Investment Regulatory Organization. Under the Agreement, ITG will provide market making services on behalf of the Company during the term of the Agreement. ITG will carry out the market making services by appointing an approved trader within ITG who has sufficient experience to effectively perform and manage the market making activities. In consideration for providing the market making services, the Company will pay to ITG a monthly fee of CDN$6,000 per month during the term of the Agreement. ITG does not own, directly or indirectly, any interest in or common shares of the Company or have right, directly or indirectly, to acquire any interest in or common shares of the Company. The Company will pay the monthly market making fee to ITG from its available cash and working capital resources. The initial term of the Agreement is a term of one month, subject to automatic renewal for additional terms of one month each and subject to the right of each of the Company and ITG to terminate on 30 days prior notice to the other. The Company will be evaluating the duration of this Agreement in early 2026.

Regarding Thunder Mountain Gold, Inc.

Thunder Mountain Gold Inc., a junior exploration company founded in 1935, owns interests in base and precious metals projects in the western U.S. The Company's principal asset is The South Mountain Mine, a historic former Anaconda Copper Company development of zinc, silver, gold, lead, and copper, located on private land in Owyhee County Idaho. Thunder Mountain Gold also owns 100% of the Trout Creek Project - a gold exploration project located along the western flank of the Shoshone Mountain Range in the Reese River Valley, adjacent to and surrounded by Nevada Gold Mines, a Barrick and Newmont Gold, Inc. joint venture. For more information on Thunder Mountain Gold, please visit the Company's website at www.Thundermountaingold.com.

Forward-Looking Statements

This press release contains forward-looking statements that are based on the beliefs of management and reflect the Company's current expectations. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. The forward-looking statements are based on certain assumptions which could change materially in the future. By their nature, forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Investors should refer to THMG's Form 10-K, Form 10-Q reports, for a more detailed discussion of risks that may impact future results. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking information. Forward-looking information is provided as of the date of this press release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required in accordance with applicable laws.

Cautionary Note to Investors

This news release is intended for release in the United States only. Neither the TSX Venture Exchange, the OTCQB, nor either of its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact:

Thunder Mountain Gold, Inc.

Eric T. Jones
President and Chief Executive Officer
Eric@thundermountaingold.com
Office: (208) 658-1037

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279149

FAQ

What does Thunder Mountain Gold's market making agreement with ITG mean for THMG shareholders?

ITG will provide dedicated market making from April 1, 2025, which may enhance trading liquidity while costing the company CDN$6,000 per month.

How long is the ITG market making agreement for Thunder Mountain Gold (THMG)?

The initial term is one month with automatic one-month renewals and either party may terminate with 30 days notice.

How will Thunder Mountain Gold pay for the market making fees under the ITG agreement?

The company will pay the monthly CDN$6,000 fee from its available cash and working capital resources.

Does ITG own any shares or rights to acquire shares of Thunder Mountain Gold (THMG)?

No; ITG does not own any interest in, nor have the right to acquire, common shares of the company.

When will Thunder Mountain Gold evaluate the duration of the ITG market making agreement?

The company will be evaluating the agreement's duration in early 2026.