Proceeds to Advance South Mountain and Company Progress Plans
Thunder Mountain Gold, Inc. (TSXV: THM,OTC:THMG) (OTCQB: THMG) (the “Firm” or “Thunder Mountain”) broadcasts it has closed its beforehand introduced non-brokered non-public placement (the “Personal Placement”) for mixture gross proceeds of US$2,500,000.
Investor highlights
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Absolutely funded near-term work program: Proceeds are earmarked to advance South Mountain technical work (drilling, metallurgy, useful resource and mine planning research) and for normal working capital.
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Easy, aligned construction: 10,000,000 items at US$0.25 per unit; every unit consists of one frequent share and one-half frequent share buy warrant. Every complete warrant is exercisable at US$0.40 till October 24, 2027.
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Use of Proceeds: Funding helps a sequence of near-term technical and company milestones meant to advance the South Mountain Venture, scale back venture danger and advance step-out exploration.
CEO remark
Eric T. Jones, President & CEO, stated, ” This financing gives the capital wanted to advance South Mountain. We recognize the sturdy help from our traders, which underscores their confidence in our technique, belongings, administration crew, and long-term imaginative and prescient.”
Financing particulars
Below the Personal Placement, the Firm issued 10,000,000 items (every, a “Unit”) at a worth of US$0.25 per Unit for gross proceeds of US$2,500,000. Every Unit consists of 1 frequent share of the Firm (a “Frequent Share”) and one-half of 1 frequent share buy warrant (every complete warrant, a “Warrant”). Every Warrant entitles the holder to buy one further Frequent Share at a worth of US$0.40 till October 24, 2027.
All securities issued pursuant to the Personal Placement are topic to a statutory four-month maintain interval expiring February 24, 2026, in accordance with relevant Canadian securities legal guidelines and the insurance policies of the TSX Enterprise Alternate.
The Personal Placement was performed pursuant to exemptions from prospectus and registration necessities of relevant securities legal guidelines and was made to accredited traders on a non-public placement foundation. The securities supplied haven’t been registered below the USA Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities legal guidelines, and is probably not supplied or bought inside the USA or to “U.S. individuals” (as outlined in Regulation S below the U.S. Securities Act) absent registration or an relevant exemption from such registration necessities.
Last acceptance of the Personal Placement stays topic to the TSX Enterprise Alternate.
Relating to Thunder Mountain Gold, Inc.
Thunder Mountain Gold Inc., a junior exploration firm based in 1935, owns pursuits in base and valuable metals tasks within the western U.S. The Firm’s principal asset is The South Mountain Mine, a historic former Anaconda Mining improvement of zinc, silver, gold, lead, and copper, positioned on non-public land in Owyhee County Idaho. Thunder Mountain Gold additionally owns 100% of the Trout Creek Venture – a gold exploration venture positioned alongside the western flank of the Shoshone Mountain Vary within the Reese River Valley, adjoining to and surrounded by Nevada Gold Mines, a Barrick and Newmont Gold, Inc. three way partnership. For extra data on Thunder Mountain Gold, please go to the Firm’s web site at www.Thundermountaingold.com.
The South Mountain Venture
The South Mountain Mine is a polymetallic improvement venture containing high-grade zinc, silver, gold, and copper, and is positioned on non-public land roughly 70 miles southwest of Boise, Idaho (See Determine 1 above). The Venture is on non-public land, allowing has been, and will stay simple. The Venture was intermittently mined from the late from Nineteen Forties to the late Sixties, most notably by Anaconda Copper, with over 4,000 toes of underground developmental workings that which were rehabilitated, re-engineered, and are MSHA compliant. Thunder Mountain Gold Inc. bought and superior the venture from 2007 by Current, with expenditures into the venture of roughly US$25 million. Historic check mining and processing on the Venture has largely come from high-grade Carbonate Alternative Deposits (CRD) and skarn zones that stay open at depth and alongside strike. Based on historic smelter data, roughly 53,642 tons of mineralized materials have been mined and direct shipped to the smelter, with common 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 a pair of.4% Pb have been realized (See SK-1300 Technical Useful resource Assertion, and NI 43-101 Technical Report: Up to date Mineral Useful resource Estimate for the South Mountain Venture, dated December 31, 2023, and December 15, 2023, respectively. Extra particulars can be found on the Thunder Mountain Gold Inc. web site and at www.SEC.gov, and www.sedar.com).
Technical Information on this Launch
The technical data on this information launch was reviewed and permitted by Tyson Forbush, C.P.G., consulting geologist with GeoTech LLC, and a “Certified Individual” as outlined by the U.S. SK-1300 rules & Nationwide Instrument 43-101 (Canada) requirements.
Ahead-Wanting Statements
This press launch accommodates forward-looking statements which might be primarily based on the beliefs of administration and replicate the Firm’s present expectations. Typically, forward-looking statements may be recognized by way of forward-looking terminology corresponding to “plans”, “expects”, “is anticipated”, “finances”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes” or variations of such phrases and phrases or statements that sure actions, occasions or outcomes “might”, “may”, “would”, “would possibly” or “might be taken”, “happen” or “be achieved” or the unfavorable connotation thereof. The forward-looking statements are primarily based on sure assumptions, which may change materially sooner or later. By their nature, forward-looking data includes identified and unknown dangers, uncertainties and different components which will trigger precise outcomes, efficiency or achievements to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking data. There may be no assurance that forward-looking data will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in such statements. Accordingly, traders mustn’t place undue reliance on forward-looking data. Ahead-looking data is offered as of the date of this press launch, and the Firm assumes no obligation to replace or revise them to replicate new occasions or circumstances, besides as required in accordance with relevant legal guidelines.
Cautionary Observe to Traders
Neither the TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this launch.
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