$THMG

THUNDER MOUNTAIN GOLD INC

CIK:0000711034|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Operating expenses:
Exploration	$ 741,034	$ 278,889	$ 908,162	$ 345,962
Legal and accounting	116,177	29,442	211,363	75,252
Management and administrative	157,561	591,032	489,842	1,019,495
Total operating expenses	1,014,772	899,363	1,609,367	1,440,709
Net operating loss	(1,014,772)	(899,363)	(1,609,367)	(1,440,709)
Other income (expense):
Interest expense	(2,563)	0	(5,125)	0
Other income	5,025	248	11,424	1,294
Total other income (expense)	2,462	248	6,299	1,294
Net loss	(1,012,310)	(899,115)	(1,603,068)	(1,439,415)
Net loss - noncontrolling interest in Owyhee Gold Trust	0	0	0	0
Net loss - Thunder Mountain Gold, Inc.	$ (1,012,310)	$ (899,115)	$ (1,603,068)	$ (1,439,415)
Net loss per common share-basic	$ (0.01)	$ (0.01)	$ (0.02)	$ (0.02)
Net loss per common share-diluted	$ (0.01)	$ (0.01)	$ (0.02)	$ (0.02)
Weighted average common shares outstanding basic	93,505,579	78,740,927	93,497,292	76,013,406
Weighted average common shares outstanding diluted	93,505,579	78,740,927	93,497,292	76,013,406

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net loss	$ (1,603,068)	$ (1,439,415)
Adjustments to reconcile net loss to net cash used by operating activities:
Stock based compensation	136,320	771,045
Noncash lease expense	0	(46)
Change in:
Prepaid expenses and other assets	(230,451)	(16,416)
Accounts payable and other accrued liabilities	460,560	(661)
Accrued legal fees	0	(5,000)
Net cash used in operating activities	(1,236,639)	(690,493)
Cash flows from investing activities:
Acquisition of mineral properties	(285,249)	0
Purchase of reclamation bond	(5,000)	0
Net cash used in investing activities	(290,249)	0
Cash flows from financing activities:
Proceeds from issuances of stock and warrants	0	1,270,000
Proceeds from exercise of stock options	40,000	0
Net cash provided by financing activities	40,000	1,270,000
Net increase (decrease) in cash and cash equivalents	(1,486,888)	579,507
Cash and cash equivalents, beginning of period	2,592,167	481,322
Cash and cash equivalents, end of period	1,105,279	1,060,829
Noncash financing and investing activities:
Common stock issued for subscription receivable	$ 0	$ 60,000

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 1,105,279	$ 2,592,167
Subscription receivable	0	50,000
Prepaid expenses and other assets	286,509	56,058
Total current assets	1,391,788	2,698,225
Property and equipment, net	877,894	592,645
Reclamation bond	5,000	0
Total assets	2,274,682	3,290,870
Current liabilities:
Accounts payable and other accrued liabilities	637,931	177,371
Accrued legal fees	131,685	131,685
Note payable - current	37,100	37,100
Deferred compensation	1,104,625	1,104,625
Total current liabilities	1,911,341	1,450,781
Note payable - long term	167,900	167,900
Accrued reclamation costs	86,380	86,380
Total liabilities	2,165,621	1,705,061
Commitments and Contingencies
Stockholders' equity:
Preferred stock; $0.0001 par value, 5,000,000 shares authorized; no shares issued or outstanding	0	0
Common stock; $0.001 par value; 200,000,000 shares authorized, 93,505,579 and 93,255,579 shares issued and outstanding, respectively	93,506	93,256
Additional paid-in capital	12,152,662	11,976,592
Less: 11,700 shares of treasury stock, at cost	(24,200)	(24,200)
Less: Subscription receivable	(50,000)	0
Accumulated deficit	(12,232,546)	(10,629,478)
Total Thunder Mountain Gold, Inc stockholders' equity	(60,578)	1,416,170
Noncontrolling interest in Owyhee Gold Trust	169,639	169,639
Total stockholders' equity	109,061	1,585,809
Total liabilities and stockholders' equity	$ 2,274,682	$ 3,290,870