Thunder Mountain Gold Files Q3 2024 10-Q

TL;DR

THUNDER MOUNTAIN GOLD (THMG) FILED ITS Q3 10-Q. FINANCIALS SHOWING EQUITY CHANGES.

AI Summary

Thunder Mountain Gold, Inc. filed its quarterly report for the period ending September 30, 2024. The company, based in Boise, Idaho, is involved in metal mining. Financial details for the period and comparative periods are presented, including common stock, additional paid-in capital, retained earnings, and treasury stock.

Why It Matters

This filing provides investors with an update on Thunder Mountain Gold's financial position and operational performance for the third quarter of 2024.

Risk Assessment

Risk Level: medium — As a mining company, Thunder Mountain Gold is subject to inherent risks related to exploration, extraction, commodity prices, and regulatory environments.

Key Numbers

• 2024-09-30 — Reporting Period End Date (Latest financial data available)
• 2023-09-30 — Prior Year Period End Date (For comparative analysis)

Key Players & Entities

• Thunder Mountain Gold, Inc. (company) — Filer
• 2024-09-30 (date) — Reporting Period End Date
• 2024-11-13 (date) — Filing Date
• Boise, ID (location) — Company Headquarters
• Metal Mining (industry) — Standard Industrial Classification

FAQ

Key Financial Figures

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

Filing Documents

• form10q.htm (10-Q) — 533KB
• exhibit31-1.htm (EX-31.1) — 6KB
• exhibit31-2.htm (EX-31.2) — 6KB
• exhibit32-1.htm (EX-32.1) — 3KB
• exhibit32-2.htm (EX-32.2) — 2KB
• exhibit95.htm (EX-95) — 13KB
• form10qxz001.jpg (GRAPHIC) — 3KB
• 0001062993-24-019025.txt ( ) — 3350KB
• thmg-20240930.xsd (EX-101.SCH) — 49KB
• thmg-20240930_cal.xml (EX-101.CAL) — 29KB
• thmg-20240930_def.xml (EX-101.DEF) — 106KB
• thmg-20240930_lab.xml (EX-101.LAB) — 607KB
• thmg-20240930_pre.xml (EX-101.PRE) — 192KB
• form10q_htm.xml (XML) — 264KB

- 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 15

Quantitative and Qualitative Disclosures about Market Risk

Item 3. Quantitative and Qualitative Disclosures about Market Risk 20

Controls and Procedures

Item 4. Controls and Procedures 20

- OTHER INFORMATION

PART II - OTHER INFORMATION 22

Legal Proceedings

Item 1. Legal Proceedings. 22

Risk Factors

Item 1A. Risk Factors. 22

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 27

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities. 27

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 27

Other Information

Item 5. Other Information 27

Exhibits

Item 6. Exhibits 28

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

- Financial Statements

Item 1 - Financial Statements Thunder Mountain Gold, Inc. Condensed Consolidated Balance Sheets (Unaudited) September 30, 2024 and December 31, 2023 September 30, 2024 December 31, 2023 ASSETS Current assets: Cash and cash equivalents $ 141,511 $ 170,628 Investment in BeMetals, at fair value (Note 4) - 427,836 Prepaid expenses and other assets 54,707 33,786 Total current assets 196,218 632,250 Property and Equipment: Land 332,509 332,509 Total property and equipment 332,509 332,509 Right to use asset (Note 9) 6,835 21,629 Total assets $ 535,562 $ 986,388 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable and other accrued liabilities $ 37,180 $ 39,050 Accrued legal fees 136,685 136,685 Operating lease liability - current (Note 9) 7,022 18,612 Deferred officer compensation (Note 6) 1,104,625 1,104,625 Total current liabilities 1,285,512 1,298,972 Operating lease liability - long-term (Note 9) - 3,532 Accrued reclamation costs 81,250 81,250 Total liabilities 1,366,762 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 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 ( 7,602,442 ) ( 7,168,608 ) Total Thunder Mountain Gold, Inc stockholders' equity ( 1,000,839 ) ( 567,005 ) Noncontrolling interest in Owyhee Gold Trust (Note 3) 169,639 169,639 Total stockholders' equity ( 831,200 ) ( 397,366 ) Total liabilities and stockholders' equity $ 535,562 $ 986,388 The accompanying notes are an integral part of these condensed consolidated financ

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