Thunder Mountain Gold, Inc. is an exploration-stage mineral company focused on developing precious and base metals resources in Idaho and Nevada.

# Company Summary: Thunder Mountain Gold, Inc.

## Business Overview
- **Industry:** Mineral exploration and development, focusing on precious and base metals.
- **Core Operations:** Exploration, development, and expansion of mineral properties, primarily in Idaho and Nevada.

## Key Properties
- **South Mountain Project (Idaho):**
  - Location: Approximately 70 miles southwest of Boise, Idaho.
  - Type: Underground polymetallic mine and exploration property.
  - Metals of Interest: Zinc, silver, gold, copper, and lead.
  - Historic Production: Approximately 53,642 tons mined historically.
  - Mineral Resources (as of Dec 31, 2024): 
    - Measured & Indicated: 223,000 short tons with high-grade zinc, silver, gold, copper, and lead.
    - Inferred: 959,000 short tons with similar mineralization.
  - Ownership: 100% owned through subsidiaries.
  - Exploration activities include geophysical surveys, soil and rock chip sampling, drilling (52 core drillholes between 2019-2021), and geophysical surveys such as magnetic, radiometric, and electromagnetic studies.
  - Development Plans: Continued exploration; no proven or probable reserves as of Dec 31, 2024.

- **Trout Creek Project (Nevada):**
  - Location: Lander County, Nevada.
  - Size: 26 unpatented lode claims (~533 acres).
  - Status: Exploration stage, with no known resources or reserves.
  - Geology: Targeted via geophysical methods indicating a potential drill target 500 feet below the surface.
  - Work: Minimal existing activity; future plans include geophysics and geochemical sampling to identify drill targets.

## Company Size & Financials
- **Employees:** 1 full-time officer and 3 part-time officers.
- **Shareholders:** Approximately 1,168 shareholders as of Dec 31, 2024.
- **Common Stock Outstanding:** 73,255,579 shares as of Feb 15, 2025.
- **Market Listings:** OTCQB (symbol: THMG), TSX-V (symbol: THM).
- **Market Capitalization:** Approximate market value of $1,110,787.44 as of June 28, 2024.

## Financial Highlights (2024)
- **Revenue:** No revenue reported; company is in exploration stage.
- **Net Income/Loss:** 
  - Net loss of **$631,111** for the year ended Dec 31, 2024.
  - Improved from a net loss of **$817,227** in 2023.
- **Cash & Equivalents:** $481,322 as of Dec 31, 2024.
- **Funding:** Raised approximately $470,000 from private placements in December 2024; an investor agreement for $130,000 (held in escrow as of year-end, received in February 2025).
- **Expenses:** Operating expenses for 2024 were $585,613, primarily exploration, legal, and administrative activities.

## Strategic & Development Plans
- Focused on exploration and expanding mineral resources at South Mountain.
- Conducting geophysical studies and drill target testing through surface drilling.
- Exploring options for joint ventures, alliances, and property acquisitions.
- Planning to raise additional capital through equity or debt to fund ongoing exploration.

## Additional Details
- The company has no proven reserves or current production.
- Engagements include ongoing environmental and permitting work, land acquisitions, and geophysical surveys.
- The company is classified as an emerging growth company and a smaller reporting company.
- No dividends are paid or planned; earnings are reinvested into exploration activities.
- The company faces typical industry risks, including market fluctuations, operational hazards, regulatory compliance, and funding challenges.

Thunder Mountain Gold, Inc. is a mining exploration company focused on developing high-grade polymetallic mineral properties in the United States, primarily zinc, silver, gold, and copper.

# Company Overview: Thunder Mountain Gold, Inc.

## Company Description
Thunder Mountain Gold, Inc. is a mining exploration company engaged in the identification, acquisition, exploration, and development of mineral properties primarily in the United States. The company has a focus on polymetallic exploration, particularly high-grade zinc, silver, gold, and copper deposits.

## History
- **Incorporation**: Originally incorporated in 1935 as Montgomery Mines, Inc. in Idaho. The name was changed to Thunder Mountain Gold, Inc. in 1978.
- **Re-incorporation**: Moved from Idaho to Nevada in 2007.
- **Subsidiaries**: The company owns 100% of Thunder Mountain Resources, Inc. and through it, owns South Mountain Mines, Inc. and a share of Owyhee Gold Territory, LLC.

## Locations
- **Primary Properties**: 
  - **South Mountain Project**: Located approximately 70 miles southwest of Boise, Idaho, consisting of 18 patented mining claims covering about 346 acres and additional unpatented lode mining claims and leased private lands.
  - **Trout Creek Project**: Located in Lander County, Nevada, consisting of 26 unpatented lode mining claims over approximately 533 acres.

## Operations
- **Current Focus**: The company is primarily focusing on the South Mountain Project, which has a rich history of mineralization dating back to 1868. The mine is classified as an Exploration Stage property with no current income from operations.
- **Drilling and Exploration**: As of December 31, 2023, the company has completed various drilling and exploration programs, with highlights including recent updates to mineral resource estimates and drilling undertaken in 2021.
- **Mineral Resources (As of December 31, 2023)**:
  - **Measured & Indicated Resources**: 223,000 tons grading 9.02% Zn, 4.27 opt Ag, 0.059 opt Au, 0.64% Cu, and 0.94% Pb.
  - **Inferred Resources**: 959,000 tons grading 7.56% Zn, 5.67 opt Ag, 0.037 opt Au, 0.80% Cu, and 1.06% Pb.

## Financial Information
- **Employees**: The company employs three full-time officers, but there are no onsite personnel currently at the properties.
- **Revenue**: The company reports no income, relying on financing and capital raises for future operations.
- **Cash and Cash Equivalents**: As of December 31, 2023, the company had cash and cash equivalents totaling $170,628.
- **Common Stock**: The company held 6.636 million shares of BeMetals Corp. common stock valued at $427,836 as of December 31, 2023, which the company intends to sell for additional funds.

## Risk Factors
The company acknowledges several risk factors that could impact its operation, including:
- Lack of proven reserves.
- Dependence on successful capital raising efforts.
- Volatility in metal prices impacting exploration viability.
- Cybersecurity threats and IT system disruptions.
- Regulatory and environmental laws governing mining operations.

## Regulatory Environment
The company is subject to various federal, state, and local regulations related to mining activities, including environmental protection laws. It has accrued reclamation costs of $81,250 related to the South Mountain Project.

## Conclusion
Thunder Mountain Gold, Inc. operates in the mining exploration sector with a focus on developing its key properties, particularly the South Mountain Project, while facing challenges associated with financing and regulatory compliance. With no current revenue, the company is reliant on future exploration success and capital investments to achieve profitability.

THUNDER MOUNTAIN GOLD INC

10-K / March 31, 2025

10-K / September 11, 2024

10-K / March 31, 2025

Company Summary: Thunder Mountain Gold, Inc.

Business Overview

Key Properties

Company Size & Financials

Financial Highlights (2024)

Strategic & Development Plans

Additional Details