THUNDER MOUNTAIN GOLD INC

Signed a new, more modest deal for South Mountain: MFD Investment Holdings can earn a 10% project interest by spending $1M on exploration by October 2026, and will fund 100% of the capital needed to reach small-scale production, splitting revenue 80/20 in MFD's favor until it recoups 1.5x its investment, then 50/50 -- a concrete near-term path to cash flow after the larger BeMetals option collapsed.

capital raising announcement

The BeMetals option to buy South Mountain outright was terminated -- ending, after four years, the most ambitious monetization attempt for the project without a sale.

material agreement

BeMetals Corporation signed a multi-tranche option agreement to buy 100% of South Mountain Mines outright -- payments and BeMetals shares across six tranches that could total $10M+ or 20% of the project's NPV over roughly two years -- a real validation of South Mountain's value by an outside buyer.

material agreement

Formed the Owyhee Gold Trust LLC joint venture with Idaho State Gold Company for South Mountain, and cancelled the $1M secured note from May 2012 -- its principal credited instead to ISGC's capital account in the new JV, removing the all-assets lien and default risk.

capital raising announcement

Took a $1M secured convertible note from Idaho State Gold Company (ISGC) -- a related party, since director G. Peter Parsley is also employed by ISGC -- tied to a proposed South Mountain joint venture; the note carried 8% interest and a first-priority lien over all company assets, a real default-risk exposure until the JV closed.

capital raising announcement

Launched a much larger CAD$4.5M offering (up to 18M units) to fund South Mountain and the company's new Trout Creek/Reese River Valley exploration joint venture with Newmont in Nevada -- a real validation from a major gold producer.

capital raising announcement

Began trading on the TSX Venture Exchange (ticker THM) and closed out the CAD$1.24M private placement, with proceeds earmarked for exploration at South Mountain.

capital raising announcement

Launched a CAD$1.2M offering (6M units) tied to an planned TSX Venture Exchange listing, with the first tranche of 1.46M units (~CAD$292,000) closing immediately.

capital raising announcement

Agreed to buy South Mountain Mines, Inc. -- 17 patented claims (326 acres) in the South Mountain Mining District, Owyhee County, Idaho -- for $300,000, with a $50,000 deposit paid; this property becomes the company's flagship asset for the next two decades.

asset acquisition disposition

Closed the Dewey Mining transactions: paid $3.3M for the stock and Dewey's own shares, sold the Valley County land to the Trust for Public Land, and netted about $2.2M in proceeds after dissolving Dewey Mining.

asset acquisition disposition

Announced a land-arbitrage deal: agreed to buy Dewey Mining Co. (and 1.88M of its own shares back) from the Yanke estate and Donald Nelson for $3.3M, then immediately flip Dewey's Valley County, Idaho land and mining claims to the conservation nonprofit Trust for Public Land for at least $5.5M.

asset acquisition disposition