Financing ·
Thunder Mountain Gold, Inc. announced on July 8, 2026, that its board of directors has approved a debt settlement…
THMGThunder Mountain Gold Inc
Thunder Mountain Gold, Inc. announced on July 8, 2026, that its board of directors has approved a debt settlement through the debt settlement of US$1,104,625 (CAD$1,578,036) in outstanding compensations payable to the President and CEO and certain former service providers via the issuance of up to 1,578,036 Common Shares at US$0.70 (CAD$1.00) per share. Additionally, the company has approved a non-brokered private placement of units (one common share and one-half warrant) at US$0.70 (CAD$1.00) per unit for gross proceeds of up to approximately US$6.4 million. The proceeds will be used to advance the South Mountain Project through drilling, assaying, and geophysical surveys. Thunder Mountain Gold, Inc. operates in the gold mining industry and focuses on the exploration and development of gold projects.