Tue, May 13, 5:34 PM (36 days ago)
### Thunder Mountain Gold, Inc. (THMG) Q1 2025 Financial Summary **Company Overview:** Thunder Mountain Gold, Inc. (THMG) is an exploration-stage mining company focused on developing its South Mountain Project in Idaho. The company has faced significant financial challenges, with an accumulated deficit of $8,340,019 as of March 31, 2025, raising substantial doubt about its ability to continue as a going concern. **Financial Performance:** - **Revenue:** THMG reported no revenue for the quarter ended March 31, 2025, as it is still in the exploration stage. - **Net Loss:** The company incurred a net loss of $540,300 for Q1 2025, compared to a net loss of $205,560 in Q1 2024. The increase in net loss is primarily due to higher exploration expenditures and stock compensation costs. - **Operating Expenses:** Total operating expenses for Q1 2025 were $541,346, up from $162,834 in Q1 2024. The increase is mainly attributed to higher exploration and management/administrative costs. - **Cash Flow:** THMG experienced a net cash outflow from operating activities of $247,613 for Q1 2025, compared to $200,171 in Q1 2024. The company received $130,000 from financing activities, resulting in a net decrease in cash of $117,613 for the quarter. **Financial Health and Trends:** - **Liquidity:** As of March 31, 2025, THMG had cash and cash equivalents of $363,709, down from $481,322 at the end of 2024. The company's current assets totaled $395,672, while current liabilities were $1,269,893. - **Profit Margins:** THMG operates at a significant loss, with no profit margins to report. - **Earnings Changes:** The company's net loss increased by 163% year-over-year, primarily due to higher exploration and stock compensation expenses. **Future Operations and Uncertainties:** - **Financing:** THMG is actively seeking additional funding through various means, including public offerings, private placements, and mergers. The company approved a private placement financing of $1,200,000 on April 15, 2025, which is expected to close by May 15, 2025. - **Exploration and Development:** The company plans to continue advancing the South Mountain Project, subject to available capital. THMG is also exploring options to acquire additional properties through partnerships and joint ventures. - **Going Concern:** THMG's ability to continue as a going concern is uncertain due to its significant accumulated deficit and limited liquidity. The company's financial statements do not include any adjustments for potential going concern issues. **Risk Factors:** - **Financial Risks:** THMG faces substantial financial risks, including the need for additional capital to fund exploration and operational activities. - **Operational Risks:** The company's exploration and development activities are subject to various risks, including geological uncertainties, regulatory compliance, and environmental challenges. - **Market Risks:** THMG's stock price has been volatile, and the company's ability to raise capital may be affected by market conditions and investor sentiment. **Conclusion:** Thunder Mountain Gold, Inc. is in a critical phase of its development, facing significant financial challenges and uncertainties. The company's ability to secure additional funding and successfully advance its South Mountain Project will be crucial for its long-term viability. Investors should closely monitor THMG's financial performance and strategic initiatives as it navigates these challenges.