Thunder Gold Announces $2.5 Million Financing
Thunder Gold Announces $2.5 Million
Financing
Thunder Bay, Ontario--(Newsfile Corp. - February 24, 2026) - Thunder Gold Corp. (TSXV: TGOL) (FSE:
Z25) (OTCQB: TGOLF) ("Thunder Gold" or the "Company") is pleased to announce a non-brokered
private placement of 25,000,000 units of the Company (the "Units") at a price of $0.10 per Unit, for total
proceeds of $2,500,000 (the "Offering").
Each Unit consists of one common share of the Company (each, a "Common Share") and one-half of
one (1/2) common share purchase warrant (each whole warrant, a "Warrant").
Each Warrant being
exercisable for an additional Common Share of the Company at an exercise price of $0.15 for 18
months from the date of issue.
Proceeds from the Offering shall be used to fund ongoing exploration and definition drilling at the
Company's 100%-owned, 2,100 hectare, Tower Mountain Gold Property, located in the Shebandowan
Greenstone Belt, 40 kilometres west of the port city of Thunder Bay, Ontario.
Wes Hanson, President and CEO states,
"This Offering allows us to advance the Tower Mountain
property through rapid conversion of the inferred resource to the measured and indicated category in
advance of an updated Mineral Resource Estimate and initial Scoping Study in Q4, 2026. We also
plan to solicit bids from qualified independent consultants to establish the environmental baseline
framework for the property with a view to initiating baseline sampling in 2026 as well."
The Offering is expected to close on or about March 15, 2026 (the "Closing Date") and is subject to
approval by the TSX Venture Exchange (the "TSXV"). All securities issued pursuant to the Offering will
be subject to a four (4) month plus a day hold period from the date of issuance in accordance with
applicable securities legislation and policies of the TSXV.
In connection with the Offering, the Company may pay finders' fees to eligible finders in accordance with
the policies of the TSXV consisting of a cash fee equal to up to 6% of the gross proceeds raised under
the Offering and finder's warrants equal to up to 6% of the Units and FT Shares sold under the Offering.
Each finder's warrant entitles the holder thereof to acquire one Common Share at a price of $0.15 for a
period of 18 months from the Closing Date.
The securities issued pursuant to the Offering have not been, nor will they be, registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws, and
may not be offered or sold to, or for the account or benefit of, persons in the United States or U.S.
persons absent registration under the U.S. Securities Act and all applicable state securities laws or
compliance with the requirements of an exemption therefrom. This press release shall not constitute an
offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful.
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 40-km west of Thunder Bay, Ontario. The 2,100-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 Corp. 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
NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS
DEFINED IN THE POLICIES OF THE TSXV) 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: the size of the Offering and other statements
concerning the Offering; the anticipated use of proceeds from the Offering; the renunciation to the
purchasers of FT Shares and timing thereof; the tax treatment of the FT Shares and the Company's
plans regarding exploring its mineral exploration properties; 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 funding 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/285071