Thunder Mountain Gold, Inc. filed a Form 8-K on November 4, 2026, disclosing the appointment of Ron Clayton as a director of the company, effective October 1, 2026, along with a grant of stock options as compensation for his service.

Key Highlights

  • New director appointed: Ron Clayton joined the board of Thunder Mountain Gold, Inc. effective October 1, 2026.
  • Stock option grant: Clayton received 400,000 stock options under the company's 2014 Stock Option Plan, exercisable at $0.75 per share.
  • Option term: The options vest immediately upon grant and expire on September 30, 2031, subject to TSX Venture Exchange approval.
  • Extensive industry background: According to the filing, Clayton brings more than 40 years of mining industry experience across underground and open-pit operations, executive leadership, and board oversight.
  • Current external role: Clayton has served as Chairman of the Board of i-80 Gold Corporation since March 2021, the filing disclosed.
  • Restricted securities: All securities issued to Clayton will be issued as "restricted securities" and subject to a four-month Exchange hold period.

Ron Clayton's Appointment and Compensation at Thunder Mountain Gold

Thunder Mountain Gold, Inc. (OTCQB:THMG), incorporated in Idaho, reported that it appointed Ron Clayton to its board of directors effective October 1, 2026. The company disclosed the appointment under Item 5.02 of Form 8-K, filed November 4, 2026. Following the appointment, the company listed its directors and officers as Eric Jones (President, CEO, and Director), Ron Clayton (Director), James A. Sabala (Director), Ralph Noyes (Director and Chairman), and Douglas J. Glaspey (Director), with Megan Anderson serving as Chief Financial Officer, Rocky Chase as Vice-President of Operations, and Steve Osterberg as Senior Vice President of Exploration.

As compensation for his board role, the filing states that the company granted Clayton 400,000 stock options under its 2014 Stock Option Plan. Each option allows Clayton to purchase one share of common stock at an exercise price of $0.75 per share. The options vest immediately upon grant, have a five-year term from October 1, 2026, and are set to expire on September 30, 2031, subject to TSX Venture Exchange approval. The filing noted that the securities will be issued in reliance on the exemption from registration under Section 4(a)(2) of the U.S. Securities Act of 1933 and will be classified as "restricted securities" under Rule 144, subject to a four-month Exchange hold period.

According to the filing, Clayton's career history includes serving as President and Chief Executive Officer of 1911 Gold Corporation from January 2019 to March 2022, as a director of Gold Standard Ventures Corporation from January 2018 to August 2022, as a director of Mayfair Gold Corporation, as President, CEO, and director of Tahoe Resources Inc., as Chief Operating Officer of Tahoe Resources Inc., and as Chief Operating Officer of Hecla Mining Co. The filing also states Clayton holds a Bachelor of Science in Mining Engineering from the Colorado School of Mines and completed the Tuck Executive Education Program at Dartmouth. The company disclosed that Clayton has no family relationships with existing directors or officers, and no related-party transactions requiring disclosure under Item 404(a) of Regulation S-K.

What Was Disclosed

Thunder Mountain Gold disclosed the board appointment of Ron Clayton effective October 1, 2026, along with a grant of 400,000 immediately vesting stock options at $0.75 per share expiring September 30, 2031, issued as restricted securities subject to Exchange hold period conditions.