Thunder Mountain Gold Inc. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>Thunder Mountain Gold Inc. filed its quarterly report (10-Q) for the period ending March 31, 2024, detailing its financial status and operations in metal mining.</b>

AI Summary

THUNDER MOUNTAIN GOLD INC (THMG) filed a Quarterly Report (10-Q) with the SEC on May 14, 2024. Filed a Form 10-Q for the quarterly period ended March 31, 2024. Company is engaged in Metal Mining (SIC 1000). Incorporated in Nevada (NV). Business and mailing address located at 11770 W. President Dr. Ste F, Boise, ID 83713. Reports operations for the period January 1, 2024, to March 31, 2024.

Why It Matters

For investors and stakeholders tracking THUNDER MOUNTAIN GOLD INC, this filing contains several important signals. This filing provides investors and stakeholders with the latest financial performance and operational updates for Thunder Mountain Gold Inc. during the first quarter of 2024. The 10-Q filing is a standard requirement for publicly traded companies, ensuring transparency regarding their financial health and business activities.

Risk Assessment

Risk Level: low — THUNDER MOUNTAIN GOLD INC shows low risk based on this filing. The filing is a standard 10-Q report with no immediate red flags, indicating routine disclosure.

Analyst Insight

Review the detailed financial statements and operational updates within the 10-Q to assess the company's performance and future prospects.

Key Numbers

• 2024-03-31 — Report Period End Date (Conformed Period of Report)
• 2024-05-14 — Filing Date (Filed as of Date)
• 2024-01-01 — Quarter Start Date (Reporting period for Q1 2024)
• 2023-03-31 — Prior Year Quarter End Date (Comparison period)

Key Players & Entities

• THUNDER MOUNTAIN GOLD INC (company) — Filer name
• 0000711034 (company) — Central Index Key
• 1000 (company) — Standard Industrial Classification for Metal Mining
• NV (company) — State of Incorporation
• 11770 W. PRESIDENT DR. STE F (company) — Business Address Street 1
• BOISE (company) — Business Address City
• ID (company) — Business Address State
• 83713 (company) — Business Address ZIP

FAQ

Industry Context

Thunder Mountain Gold Inc. operates within the metal mining industry, focusing on the exploration and development of mineral properties.

Regulatory Implications

As a publicly traded company in the US, Thunder Mountain Gold Inc. is subject to SEC regulations, including the requirement to file quarterly reports (10-Q) under the Securities Exchange Act of 1934.

What Investors Should Do

1. Analyze the financial statements for revenue, expenses, and net income for the quarter ended March 31, 2024.
2. Review any disclosures regarding mining operations, exploration activities, or property status.
3. Compare the current quarter's financial results with the same period in the prior year to identify trends.

Year-Over-Year Comparison

This filing is a 10-Q for the quarter ended March 31, 2024, compared to the prior year's quarter ended March 31, 2023. Specific financial data for this period is not yet available in this header information.

Key Financial Figures

• $0.001 — nge on Which Registered Common Stock, $0.001 par value THMG THM OTCQB TSX-V

Filing Documents

• form10q.htm (10-Q) — 574KB
• exhibit31-1.htm (EX-31.1) — 6KB
• exhibit31-2.htm (EX-31.2) — 6KB
• exhibit32-1.htm (EX-32.1) — 2KB
• exhibit32-2.htm (EX-32.2) — 2KB
• exhibit95.htm (EX-95) — 22KB
• form10qxz001.jpg (GRAPHIC) — 3KB
• form10qxz002.jpg (GRAPHIC) — 27KB
• form10qxz003.jpg (GRAPHIC) — 81KB
• form10qxz004.jpg (GRAPHIC) — 43KB
• 0001062993-24-010122.txt (&nbsp;) — 3653KB
• thmg-20240331.xsd (EX-101.SCH) — 45KB
• thmg-20240331_cal.xml (EX-101.CAL) — 31KB
• thmg-20240331_def.xml (EX-101.DEF) — 91KB
• thmg-20240331_lab.xml (EX-101.LAB) — 580KB
• thmg-20240331_pre.xml (EX-101.PRE) — 176KB
• form10q_htm.xml (XML) — 245KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION 3

- Financial Statements

Item 1 - Financial Statements 3

Management's Discussion and Analysis or Plan of Operation

Item 2. Management's Discussion and Analysis or Plan of Operation 14

Quantitative and Qualitative Disclosures about Market Risk

Item 3. Quantitative and Qualitative Disclosures about Market Risk 25

Controls and Procedures

Item 4. Controls and Procedures 25

- OTHER INFORMATION

PART II - OTHER INFORMATION 26

Legal Proceedings

Item 1. Legal Proceedings. 26

Risk Factors

Item 1A. Risk Factors. 26

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 30

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities. 31

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 31

Other Information

Item 5. Other Information 31

Exhibits

Item 6. Exhibits 32

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

- Financial Statements

Item 1 - Financial Statements Thunder Mountain Gold, Inc. Condensed Consolidated Balance Sheets (Unaudited) March 31, 2024 and December 31, 2023 March 31, 2024 December 31, 2023 ASSETS Current assets: Cash and cash equivalents $ 355,438 $ 170,628 Investment in BeMetals, at fair value (Note 4) - 427,836 Prepaid expenses and other assets 55,550 33,786 Total current assets 410,988 632,250 Property and equipment: Land 332,509 332,509 Total property and equipment 332,509 332,509 Right to use asset (Note 9) 16,785 21,629 Total assets $ 760,282 $ 986,388 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable and other accrued liabilities $ 23,394 $ 39,050 Accrued legal fees (Note 6) 136,685 136,685 Operating lease liability - (Note 9) 17,254 18,612 Deferred compensation (Note 6) 1,104,625 1,104,625 Total current liabilities 1,281,958 1,298,972 Operating lease liability - long-term (Note 9) - 3,532 Accrued reclamation costs 81,250 81,250 Total liabilities 1,363,208 1,383,754 Commitments and Contingencies (Notes 2 and 3) Stockholders' equity: Preferred stock; $ 0.0001 par value, 5,000,000 shares authorized; no shares issued or outstanding - - Common stock; $ 0.001 par value; 200,000,000 shares authorized, 60,855,579 shares issued and outstanding, respectively 60,856 60,856 Additional paid-in capital 6,564,947 6,564,947 Less: 11,700 shares of treasury stock, at cost ( 24,200 ) ( 24,200 ) Accumulated deficit ( 7,374,168 ) ( 7,168,608 ) Total Thunder Mountain Gold, Inc stockholders' equity ( 772,565 ) ( 567,005 ) Noncontrolling interest in Owyhee Gold Trust (Note 3) 169,639 169,639 Total stockholders' equity ( 602,926 ) ( 397,366 ) Total liabilities and stockholders' equity $ 760,282 $ 986,388 The accompanying notes are an integral part of these condensed consolidated finan

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View this 10-Q filing on SEC EDGAR