Thunder Mountain Gold Reports Increased Financial Losses and Advances South Mountain Project

Thunder Mountain Gold, Inc. reported a significant increase in its financial losses for the fiscal year ending December 31, 2025, with a net loss of $2.83 million, or $0.03 per share, compared to a loss of $631,111, or $0.01 per share, in the previous year. The increase in losses was primarily attributed to heightened operating expenses, which rose to $2.83 million from $585,613 in 2024. This surge was driven by increased exploration activities, professional fees, and stock-based compensation related to corporate development efforts. The company continues to operate as an exploration-stage entity, with no revenue generated from mining operations.

In terms of operational developments, Thunder Mountain Gold has focused on advancing its South Mountain Project in Idaho, which is a polymetallic exploration stage property. The company has made strategic moves, including a partnership with Swiss-based MFD Investment Holdings SA, which is set to provide $1 million in project-related expenditures and technical support. This partnership is expected to enhance the company's financial strength and facilitate the advancement of technical and economic studies related to the South Mountain Project. Additionally, the company staked 13 unpatented mining claims covering approximately 260 acres of Bureau of Land Management land in 2024, further expanding its mineral rights.

The company’s exploration efforts have yielded a mineral resource estimate for the South Mountain Project, which includes 223,000 tons of measured and indicated resources grading 9.02% zinc, 4.27 ounces per ton silver, and 0.059 ounces per ton gold. Inferred resources were reported at 959,000 tons grading 7.56% zinc and 5.67 ounces per ton silver. The DMEA Zone, a significant area of mineralization, remains open for further exploration, indicating potential for future resource expansion. The company has also accrued $86,380 in reclamation costs related to the South Mountain Project, reflecting its commitment to environmental compliance.

As of December 31, 2025, Thunder Mountain Gold had cash reserves of $2.59 million, a substantial increase from $481,322 in the previous year. The company generated $3.77 million in net cash from financing activities, primarily through private placement offerings. However, it reported a net cash used in operating activities of $1.61 million, highlighting the ongoing need for capital to support exploration and operational activities. Looking ahead, the company plans to continue its exploration efforts at the South Mountain Project and evaluate opportunities for additional property acquisitions through partnerships and joint ventures. The management remains focused on securing the necessary funding to sustain operations and advance its exploration initiatives.