THMG on OTC

THUNDER MOUNTAIN GOLD INC

American metal mining company that raised $2.5 million in 2025 (SEC Form D). Summary from the record

Price unavailable

Last updated Oct 19, 2026.

Overview

Compare with Paramount Gold Nevada Corp., Idaho Copper Corp or ZHEN DING RESOURCES INC., or pick any stock.

TickerTHMG on OTC¹
IndustryMetal Mining¹
HeadquartersBoise, Idaho¹
Incorporated inNV²
Business address11770 W. President Dr. Ste F, Boise, Id 83713²
Filer categoryNon-accelerated filer, Smaller reporting company²
Legal formCorporation

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

-148.8%Operating margin³

-414.9%Net margin³

-62.5%Revenue growth, 2022⁴

-497.5%Return on equity³

Where the money goes

Where each dollar of revenue went, fiscal 2022

Other costs

Other costs100¢$300.0K

Out of $300.0K in revenue.⁴³ The company lost money this year.

Financial statements

Revenue⁵⁶⁴$300.0K in 2022−85% since 2019

Operating income⁵⁶⁴³-$446.3K in 2022−65% since 2019

Net income⁵⁶⁴³-$1.2M in 2022

Every line of the income statement as filed: the last 2 fiscal years, latest first.⁹

Period ending	2025-12-31	2024-12-31
Exploration	$911.5K	$148.0K
Legal and accounting	$262.2K	$112.6K
Management and administrative	$1.7M	$325.0K
Total operating expenses	$2.8M	$585.6K
Net operating loss	-$2.8M	-$585.6K
Realized loss on sale of investment	$0	-$42.9K
Other	$7.2K	$2.4K
Reclamation expense	-$5.1K
Total other income (expense)	$2.0K	-$40.5K
Net loss	-$2.8M	-$626.1K
Net income - noncontrolling interest in Owyhee Gold Trust	$5.0K	$5.0K
Net Income (Loss) Attributable to Parent, Total	-$2.8M	-$631.1K
Net loss per common share-basic	-$0.03	-$0.01
Net loss per common share-diluted	-$0.03	-$0.01
Weighted average common shares outstanding basic	82.0M shares	62.5M shares
Weighted average common shares outstanding diluted	82.0M shares	62.5M shares

Total assets⁵⁶⁴³$1.7M in 2022−26% since 2019

Total liabilities⁵⁶⁴³$1.3M in 2022−23% since 2019

Shareholders’ equity⁵⁶⁴³$250.2K in 2022−61% since 2019

Cash⁶⁴³$682.7K in 2022+170% since 2019

Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.⁹

Period ending	2025-12-31	2024-12-31	2023-12-31	2023-01-31
Cash and cash equivalents	$2.6M	$481.3K
Subscription receivable	$50.0K	$130.0K
Prepaid expenses and other assets	$56.1K	$35.9K
Total current assets	$2.7M	$647.2K
Property and equipment, net	$592.6K	$332.5K
Right to use asset	$0	$1.7K		$38.7K
Total assets	$3.3M	$981.5K
Accounts payable and other accrued liabilities	$177.4K	$65.6K
Accrued legal fees	$131.7K	$136.7K
Operating lease liability	$0	$1.8K
Note payable - current	$37.1K	$0
Deferred compensation	$1.1M	$1.1M
Total current liabilities	$1.5M	$1.3M
Note payable - long term	$167.9K	$0
Accrued reclamation costs	$86.4K	$81.2K
Total liabilities	$1.7M	$1.4M
Common stock; $0.001 par value; 200,000,000 shares authorized, 93,255,579 and 73,255,579 shares issued and outstanding, respectively	$0	$0
Common stock; $0.001 par value; 200,000,000 shares authorized, 93,255,579 and 73,255,579 shares issued and outstanding, respectively	$93.3K	$73.3K
Additional paid-in capital	$12.0M	$7.2M
Less: 11,700 shares of treasury stock, at cost	-$24.2K	-$24.2K
Accumulated deficit	-$10.6M	-$7.8M
Total Thunder Mountain Gold, Inc stockholders' equity	$1.4M	-$578.1K
Noncontrolling interest in Owyhee Gold Trust	$169.6K	$169.6K	$169.6K
Total stockholders' equity	$1.6M	-$408.5K	-$397.4K
Total liabilities and stockholders' equity	$3.3M	$981.5K
Preferred stock, par value per share	$0.00	$0.00
Preferred stock, shares authorized	5.0M shares	5.0M shares
Preferred Stock, shares issued	0 shares	0 shares
Preferred Stock, Shares Outstanding	0 shares	0 shares
Common stock, par value per share	$0.00	$0.00
Common stock, Shares Authorized	200.0M shares	200.0M shares
Common Stock, Shares Issued	93.3M shares	73.3M shares
Common Stock, Shares Outstanding	93.3M shares	73.3M shares
Treasury Stock Common, Shares	11.7K shares	11.7K shares

Period ending	2025-12-31	2024-12-31	2023-12-31	2023-01-31
Cash and cash equivalents	$2.6M	$481.3K
Subscription receivable	$50.0K	$130.0K
Prepaid expenses and other assets	$56.1K	$35.9K
Total current assets	$2.7M	$647.2K
Property and equipment, net	$592.6K	$332.5K
Right to use asset	$0	$1.7K		$38.7K
Total assets	$3.3M	$981.5K
Accounts payable and other accrued liabilities	$177.4K	$65.6K
Accrued legal fees	$131.7K	$136.7K
Operating lease liability	$0	$1.8K
Note payable - current	$37.1K	$0
Deferred compensation	$1.1M	$1.1M
Total current liabilities	$1.5M	$1.3M
Note payable - long term	$167.9K	$0
Accrued reclamation costs	$86.4K	$81.2K
Total liabilities	$1.7M	$1.4M
Common stock; $0.001 par value; 200,000,000 shares authorized, 93,255,579 and 73,255,579 shares issued and outstanding, respectively	$0	$0
Common stock; $0.001 par value; 200,000,000 shares authorized, 93,255,579 and 73,255,579 shares issued and outstanding, respectively	$93.3K	$73.3K
Additional paid-in capital	$12.0M	$7.2M
Less: 11,700 shares of treasury stock, at cost	-$24.2K	-$24.2K
Accumulated deficit	-$10.6M	-$7.8M
Total Thunder Mountain Gold, Inc stockholders' equity	$1.4M	-$578.1K
Noncontrolling interest in Owyhee Gold Trust	$169.6K	$169.6K	$169.6K
Total stockholders' equity	$1.6M	-$408.5K	-$397.4K
Total liabilities and stockholders' equity	$3.3M	$981.5K
Preferred stock, par value per share	$0.00	$0.00
Preferred stock, shares authorized	5.0M shares	5.0M shares
Preferred Stock, shares issued	0 shares	0 shares
Preferred Stock, Shares Outstanding	0 shares	0 shares
Common stock, par value per share	$0.00	$0.00
Common stock, Shares Authorized	200.0M shares	200.0M shares
Common Stock, Shares Issued	93.3M shares	73.3M shares
Common Stock, Shares Outstanding	93.3M shares	73.3M shares
Treasury Stock Common, Shares	11.7K shares	11.7K shares

Cash from operations⁵⁶⁴³-$402.1K in 2022+27% since 2019

Every line of the cash flow as filed: the last 2 fiscal years, latest first.⁹

Period ending	2025-12-31	2024-12-31
Net loss	-$2.8M	-$626.1K
Stock based compensation	$1.1M	$0
Noncash lease expense	-$46	-$469
Realized loss on sale of investment	$0	$42.9K
Accrued reclamation costs	$5.1K
Prepaid expenses and other assets	-$20.2K	-$2.1K
Accounts payable and other accrued liabilities	$106.8K	$46.6K
Net cash used by operating activities	-$1.6M	-$539.3K
Proceeds from sale of investment	$0	$385.0K
Land purchase	-$55.1K	$0
Net cash provided by (used in) investing activities	-$55.1K	$385.0K
Proceeds from issuances of stock and warrants	$3.6M	$470.0K
Proceeds received on subscription receivable	$130.0K	$0
Noncontrolling interest net returns royalty	-$5.0K	-$5.0K
Net cash provided by financing activities	$3.8M	$465.0K
Net increase in cash and cash equivalents	$2.1M	$310.7K
Common stock issued in consideration for vendor services received	$0	$20.0K
Common stock subscription receivable	$50.0K	$130.0K
Issuance of note payable in connection with land acquisition	$205.0K	$0

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Leadership

Who has led THUNDER MOUNTAIN GOLD INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

Eric T. Jones2012–2024

President

James Ellis Collord2009

Chief financial officer

Chief operating officer

James Ellis Collord2022

2010201520202025

Chief executive officerEric T. Jones May 25, 2012 to Jul 15, 2024¹⁰
PresidentJames Ellis Collord Mar 19, 2009 to Oct 9, 2009¹¹
Chief financial officerLarry Thackery Aug 21, 2017 to Mar 14, 2022¹²
Chief financial officerEric T. Jones Oct 2, 2008 to Oct 3, 2011¹³
Chief operating officerJames Ellis Collord Mar 14, 2022 to Mar 14, 2022¹⁴

Board members and other officers (8)

Board memberDouglas J. Glaspey Mar 14, 2022 to Mar 14, 2022¹⁵
Board memberLarry Thackery Mar 14, 2022 to Mar 14, 2022¹⁶
Board memberRalph Noyes Mar 16, 2022 to Mar 16, 2022¹⁷
Board memberJames A. Sabala Mar 23, 2022 to Mar 23, 2022¹⁸
Board memberLarry Kornze Mar 24, 2022 to Mar 24, 2022¹⁹
Board memberPaul Albert Beckman Nov 29, 2016 to Mar 14, 2022²⁰
Board memberJames Ellis Collord Mar 19, 2009 to Mar 14, 2022¹¹
Board memberEric T. Jones Oct 2, 2008 to Jul 15, 2024¹³

Named in SEC Form D filings

People the company listed in its private-offering notices.

acting VP, OperationsRonald David Chase named Jan 2, 2025 to Dec 8, 2025²¹

Timeline

May 25, 2012New chief executive Eric T. Jones becomes CEO¹⁰

Filings

59 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 14 major events, 15 insider forms, 2 private raises, 6 other. The latest 20:

Aug 26, 20268-K EDGAR
Aug 14, 202610-Q EDGAR
Jul 9, 20268-K EDGAR
Jun 8, 20268-K EDGAR
May 12, 202610-Q EDGAR
Mar 31, 202610-K EDGAR
Feb 3, 20268-K EDGAR
Dec 23, 2025DEF 14A EDGAR
Dec 8, 2025D EDGAR
Nov 10, 202510-Q EDGAR
Nov 4, 20258-K EDGAR
Sep 9, 20258-K EDGAR
Aug 11, 202510-Q EDGAR
May 30, 20258-K EDGAR
May 13, 202510-Q EDGAR
Mar 31, 202510-K/A EDGAR
Mar 31, 202510-K EDGAR
Feb 18, 20258-K/A EDGAR
Jan 2, 2025D EDGAR
Dec 13, 20248-K EDGAR

The 59 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

12 open-market trades by officers, directors and large owners since October 2021: 12 buys and 0 sales. Grants, option exercises and gifts are left out.

Date	Who	Trade	Shares	Price	Value	Filing
Jul 12, 2024	Jones Eric TCEO	Buy	125,000	$0.06	$7.5K	Form 4
Jul 8, 2024	Jones Eric TCEO	Buy	194,199	$0.04	$7.8K	Form 4
Feb 5, 2024	Jones Eric TCEO	Buy	10,000	$0.04	$400	Form 4
Sep 1, 2023	Jones Eric TCEO	Buy	10,000	$0.07	$700	Form 4
Aug 30, 2023	Jones Eric TCEO	Buy	10,000	$0.07	$700	Form 4
Aug 28, 2023	Jones Eric TCEO	Buy	11,000	$0.07	$770	Form 4
Aug 24, 2023	Jones Eric TCEO	Buy	5,000	$0.07	$350	Form 4
Aug 23, 2023	Jones Eric TCEO	Buy	5,000	$0.05	$250	Form 4
Aug 21, 2023	Jones Eric TCEO	Buy	30,000	$0.05	$1.5K	Form 4
Aug 18, 2023	Jones Eric TCEO	Buy	10,000	$0.06	$600	Form 4
Aug 17, 2023	Jones Eric TCEO	Buy	30,000	$0.05	$1.5K	Form 4
Aug 11, 2023	Jones Eric TCEO	Buy	45,000	$0.05	$2.2K	Form 4

From Forms 4 filed with the SEC.

Money raised

Private offerings the company reported to the SEC on Form D.

Oct 24, 2025Raised $2.5 million in a private offering of equity Form D: $4.5 million offered in all Form D
Dec 16, 2024Raised $27,000 in a private offering of equity Form D: $81,000 offered in all Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

Fund	Shares	Value	Share of the fund	Change
Ferguson Wellman Capital Management, Inc	10,000	$7.9K	0.0%	No change

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARTHUNDER MOUNTAIN GOLD INC filings on SEC EDGAR
2
SEC EDGARTHUNDER MOUNTAIN GOLD INC filings on SEC EDGAR
3
SEC EDGARTHUNDER MOUNTAIN GOLD INC 10-K for fiscal 2022
4
SEC EDGARTHUNDER MOUNTAIN GOLD INC 10-K for fiscal 2022
5
SEC EDGARTHUNDER MOUNTAIN GOLD INC 10-K for fiscal 2019
6
SEC EDGARTHUNDER MOUNTAIN GOLD INC 10-K for fiscal 2020
7
SEC EDGARTHUNDER MOUNTAIN GOLD INC 10-Q for fiscal 2026
8
SEC EDGARTHUNDER MOUNTAIN GOLD INC 10-Q for fiscal 2026
9
SEC EDGARTHUNDER MOUNTAIN GOLD INC 10-K filed 2026-03-31: income statement
10
SEC EDGAREric T. Jones, Chief executive officer
11
SEC EDGARJames Ellis Collord, President
12
SEC EDGARLarry Thackery, Chief financial officer
13
SEC EDGAREric T. Jones, Chief financial officer
14
SEC EDGARJames Ellis Collord, Chief operating officer
15
SEC EDGARDouglas J. Glaspey, Board member
16
SEC EDGARLarry Thackery, Board member
17
SEC EDGARRalph Noyes, Board member
18
SEC EDGARJames A. Sabala, Board member
19
SEC EDGARLarry Kornze, Board member
20
SEC EDGARPaul Albert Beckman, Board member
21
SEC EDGARTHUNDER MOUNTAIN GOLD INC Form D naming Ronald David Chase