Overview of Thunder Mountain Gold’s Financial Performance

Thunder Mountain Gold, Inc. is an exploration-stage company that owns mining rights, claims, and properties in Nevada and Idaho, including the South Mountain Project in Idaho. The company’s financial report for the first quarter of 2025 highlights several key points about its financial condition and performance.

Revenue and Profit Trends

• The company reported a net loss of $540,300 for the three months ended March 31, 2025, a significant increase of 163% compared to the same period in 2024.
• This increase in net loss was primarily due to higher exploration expenses related to advancing the South Mountain Project and stock compensation for stock options issued to officers and directors.
• Legal and accounting costs decreased by 4% during the quarter, while management and administrative expenses increased by 351% due to the stock compensation.

Liquidity and Capital Resources

• As of March 31, 2025, the company had cash and cash equivalents of $363,709, down from $272,538 on April 28, 2025.
• The company’s financial statements raise substantial doubt about its ability to continue as a going concern, as it may not have sufficient liquidity to sustain normal operations for the next 12 months without additional financing.
• The company is actively seeking additional funds through various means, including public offerings, private placements, mergers, option agreements, and external debt.
• On December 16, 2024, the company closed a private placement, issuing 12.4 million shares of common stock and warrants for gross proceeds of approximately $620,000.

Strengths and Weaknesses Strengths:

• The company owns 100% of the South Mountain Project, which has the potential for future profitable exploitation.
• The company has taken steps to improve its internal controls and reporting, including a technical report on the South Mountain Property.

Weaknesses:

• The company is in the exploration stage and does not have any revenue-generating mining operations.
• The company’s financial condition raises substantial doubt about its ability to continue as a going concern, and it will need to secure additional financing to fund its operations and exploration activities.
• The company faces competition from larger, better-financed mineral exploration and development companies.

Outlook

• The company’s plan of operation for the next 12 months is to continue advancing the South Mountain Project, including baseline environmental and engineering work necessary to complete a Preliminary Economic Analysis.
• The company will also continue to explore options to advance the South Mountain Project and acquire additional properties through partnerships, joint ventures, option agreements, and strategic relationships.
• However, the company’s ability to execute on these plans will depend on its ability to secure additional financing, which is currently uncertain given the company’s financial condition and the broader economic climate.