Thunder Mountain Gold Reports Increased Losses and Financial Developments for Q2 2025

Thunder Mountain Gold, Inc. reported significant financial developments in its latest 10-Q filing for the quarter ending June 30, 2025. The company recorded a net loss of $899,115 for the three months ended June 30, 2025, compared to a loss of $113,643 in the same period last year. For the first half of 2025, the net loss increased to $1,439,415, up from $319,203 in the prior year. This increase in losses is primarily attributed to heightened exploration expenditures and stock-based compensation expenses related to options granted to executives.

Total operating expenses for the second quarter reached $899,363, marking a substantial increase of 685% from the previous year. Exploration costs surged to $278,889, reflecting a year-over-year increase of 1,151%, driven by strategic initiatives to advance the South Mountain Project. Legal and accounting fees also rose, totaling $29,442, while management and administrative expenses increased significantly due to non-cash stock-based compensation of $445,230.

In terms of financial position, Thunder Mountain reported total current assets of $1,173,147 as of June 30, 2025, compared to $647,224 at the end of 2024. The company’s cash and cash equivalents increased to $1,060,829 from $481,322, bolstered by financing activities that generated $1,270,000 in cash inflow during the first half of the year. This included proceeds from a private placement financing of 10,000,000 units at $0.12 per unit, which closed in May 2025.

The company continues to focus on its South Mountain Project, with plans to advance exploration and development activities. Thunder Mountain has also entered into a strategic partnership with MFD Investment Holdings, which will provide $1,000,000 in project-related expenditures and technical support. However, the company faces challenges in securing additional financing due to current capital market conditions, raising concerns about its ability to continue as a going concern. As of June 30, 2025, the company reported an accumulated deficit of $9,239,134, highlighting the need for ongoing capital to sustain operations and exploration efforts.

Looking ahead, Thunder Mountain Gold, Inc. aims to continue its exploration initiatives while actively seeking additional funding through various means, including public offerings and private placements. The company acknowledges the uncertainty surrounding its financial future and the necessity of securing capital to support its operational and exploration commitments.