Thunder Mountain Gold Reports Increased Net Loss and Financial Challenges for Q1 2025

Thunder Mountain Gold, Inc. reported a net loss of $540,300 for the three months ended March 31, 2025, a significant increase from the loss of $205,560 recorded in the same period of the previous year. The company's total operating expenses surged to $541,346, up from $162,834 in the prior year, primarily driven by a 234% increase in exploration expenses, which rose to $67,073. This increase reflects the company's strategic focus on advancing its South Mountain Project. The company’s accumulated deficit also widened to $8,340,019 as of March 31, 2025, compared to $7,799,719 at the end of 2024.

In terms of financial position, Thunder Mountain's total assets decreased to $728,181 from $981,458 at the end of 2024, largely due to a decline in cash and cash equivalents, which fell to $363,709 from $481,322. Current liabilities also decreased slightly to $1,269,893 from $1,308,685, indicating a modest improvement in the company's short-term financial obligations. The company’s stockholders' equity remained negative at $(622,962), reflecting ongoing financial challenges.

Strategically, Thunder Mountain has made notable developments, including a partnership with Swiss-based MFD Investment Holdings, which is expected to provide $1 million in project-related funding and technical support for the South Mountain Project. Additionally, the company issued 3,045,000 stock options to its officers and directors in February 2025, valued at $325,815, as part of its compensation strategy. The company also completed a private placement financing in December 2024, generating approximately $620,000, which has been crucial for its operational funding.

Operationally, the company has maintained a minimal workforce, employing one full-time officer and one part-time employee. The focus remains on advancing exploration efforts at the South Mountain Project, with plans to continue environmental and engineering work necessary for a Preliminary Economic Analysis. However, the company faces significant liquidity challenges, as it reported a net cash outflow from operating activities of $247,613 for the first quarter of 2025, compared to $200,171 in the same period of 2024. The company is actively seeking additional financing through various means, including public offerings and private placements, to ensure its viability.

Looking ahead, Thunder Mountain Gold acknowledges the substantial doubt regarding its ability to continue as a going concern, given its current financial position and the need for additional capital. The company plans to pursue further exploration and development of its properties, but it recognizes that without securing sufficient funding, it may have to curtail its operations significantly. The management remains committed to exploring all available options to enhance its financial stability and operational capacity in the coming months.