Thunder Mountain Gold Closes US$2.5 Million Private Placement Proceeds to Advance South Mountain and Corporate Growth Plans
Thunder Mountain Gold Closes US$2.5 Million Private Placement
Proceeds to Advance South Mountain and Corporate Growth Plans
Vancouver, British Columbia and Boise, Idaho--(Newsfile Corp. - October 27, 2025) - Thunder Mountain
Gold, Inc. (TSXV: THM) (OTCQB: THMG) (the "Company" or "Thunder Mountain") announces it has closed
its previously announced non-brokered private placement (the "Private Placement") for aggregate gross
proceeds of US$2,500,000.
Investor highlights
Fully funded near-term work program: Proceeds are earmarked to advance South Mountain
technical work (drilling, metallurgy, resource and mine planning studies) and for general working
capital.
Simple, aligned structure: 10,000,000 units at US$0.25 per unit; each unit includes one common
share and one-half common share purchase warrant. Each whole warrant is exercisable at
US$0.40 until October 24, 2027.
Use of Proceeds: Funding supports a sequence of near-term technical and corporate milestones
intended to advance the South Mountain Project, reduce project risk and advance step-out
exploration.
CEO comment
Eric T. Jones, President & CEO, said, " This financing provides the capital needed to advance South
Mountain. We appreciate the strong support from our investors, which underscores their confidence in
our strategy, assets, management team, and long-term vision. "
Financing details
Under the Private Placement, the Company issued 10,000,000 units (each, a "Unit") at a price of US$0.25
per Unit for gross proceeds of US$2,500,000. Each Unit consists of one common share of the Company
(a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a
"Warrant"). Each Warrant entitles the holder to purchase one additional Common Share at a price of
US$0.40 until October 24, 2027.
All securities issued pursuant to the Private Placement are subject to a statutory four-month hold period
expiring February 24, 2026, in accordance with applicable Canadian securities laws and the policies of
the TSX Venture Exchange.
The Private Placement was conducted pursuant to exemptions from prospectus and registration
requirements of applicable securities laws and was made to accredited investors on a private placement
basis. The securities oƯered have not been 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 oƯered or sold within
the United States or to "U.S. persons" (as defined in Regulation S under the U.S. Securities Act) absent
registration or an applicable exemption from such registration requirements.
Final acceptance of the Private Placement remains subject to the TSX Venture Exchange.
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 Mining 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.
The South Mountain Project
The South Mountain Mine is a polymetallic development project containing high-grade zinc, silver, gold,
and copper, and is located on private land approximately 70 miles southwest of Boise, Idaho (See Figure
1 above). The Project is on private land, permitting has been, and should remain straightforward. The
Project was intermittently mined from the late from 1940s to the late 1960s, most notably by Anaconda
Copper, with over 4,000 feet of underground developmental workings that that have been rehabilitated,
re-engineered, and are MSHA compliant. Thunder Mountain Gold Inc. purchased and advanced the
project from 2007 through Present, with expenditures into the project of approximately US$25 million.
Historic test mining and processing at the Project has mostly come from high-grade Carbonate
Replacement Deposits (CRD) and skarn zones that remain open at depth and along strike. According to
historical smelter records, approximately 53,642 tons of mineralized material have been mined and
direct shipped to the smelter, with average grades; 14.5% Zn, 10.6 o.p.t. Ag (363.42 g/t Ag), 0.058 o.p.t.
Au (1.98 g/t Au), 1.4% Cu, and 2.4% Pb were realized (See SK-1300 Technical Resource Statement, and
NI 43-101 Technical Report: Updated Mineral Resource Estimate for the South Mountain Project, dated
December 31, 2023, and December 15, 2023, respectively. More details are available on the Thunder
Mountain Gold Inc. website and at www.SEC.gov, and www.sedar.com).
Technical Data in this Release
The technical information in this news release was reviewed and approved by Tyson Forbush, C.P .G.,
consulting geologist with GeoTech LLC, and a "Qualified Person" as defined by the U.S. SK-1300
regulations & National Instrument 43-101 (Canada) standards.
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 diƯerent from any future results, performance or
achievements expressed or implied by the forward-looking information. There can be no assurance that
forward-looking information will prove to be accurate, as actual results and future events could diƯer
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
Neither the TSX Venture Exchange nor 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 OƯicer
OƯice: (208) 658-1037
SOURCE: Thunder Mountain Gold, Inc. - USD