- Business
- Thunder Mountain Gold, Inc. (TSX-V: THM; OTCQB: THMG) is a junior mineral exploration company focused on advancing high-grade precious and base metal projects in North America; it primarily explores and develops polymetallic deposits rich in zinc, silver, gold, copper, lead, and other commodities. The company holds interests in the flagship South Mountain Project in Owyhee County, Idaho, comprising approximately 327 patented and unpatented acres, 36 acres of private land, and additional leased land totaling around 489 acres, featuring NI 43-101 and SK-1300 compliant resources with historical high-grade production from carbonate replacement deposits and skarn zones; it also controls the broader South Mountain Complex for further exploration upside and the Trout Creek Project, covering over 50 unpatented claims spanning approximately 1,560 acres in Lander County, Nevada, along the Battle Mountain-Eureka Trend targeting gold. Founded in 1935 and headquartered in Boise, Idaho, Thunder Mountain Gold operates exclusively in the United States, targeting critical metals demand driven by green energy and technology sectors with a legacy exceeding 87 years in exploration. Recent developments include closing a US$2.5 million non-brokered private placement in October 2025 to fund drilling, metallurgical studies, resource updates, and mine planning at South Mountain; executing a small-scale production agreement in September 2025 with MFD Investment Holdings SA, a non-dilutive venture where MFD funds 100% of advancement while the company operates the project; completing a US$1.2 million private placement in May 2025; initiating Phase II exploration with magnetotelluric surveys and geophysics in July 2025 ahead of drilling; and appointing Ron Espell as COO and Rocky Chase as VP of Operations in February 2025 to bolster project execution.