Thunder Mountain Gold, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 12, 2026, reporting a net loss and increased exploration spending for the nine months ended September 30, 2026.

Key Highlights

  • Net loss of $1,697,796 for the three months ended September 30, 2026, compared to a net loss of $480,751 in the same quarter of 2025, according to the filing.
  • Cash and cash equivalents of $5,020,607 as of September 30, 2026, up from $2,592,167 at December 31, 2025, the company disclosed.
  • Exploration expenses of $2,126,699 for the nine months ended September 30, 2026, compared to $636,623 in the same period of 2025, per the filing.
  • 101,596,030 shares of common stock issued and outstanding as of November 5, 2026, as reported on the cover page.
  • Proceeds of $5,663,316 from issuances of stock and warrants during the nine months ended September 30, 2026, the filing stated.
  • Accumulated deficit of $13,930,342 as of September 30, 2026, per the condensed consolidated balance sheet.

Thunder Mountain Gold Financial Position and Operations Through September 30, 2026

Thunder Mountain Gold, Inc., a Nevada-incorporated company headquartered in Boise, Idaho, is engaged in mineral exploration and files its common stock under Section 12(g) of the Securities Exchange Act with the common stock carrying a $0.001 par value. The company's securities are registered pursuant to Section 12(g) of the Act and are not listed on a national exchange registered under Section 12(b). According to the filing, the company trades its common stock (OTC:THMG) and classifies itself as a non-accelerated filer and a smaller reporting company.

For the three months ended September 30, 2026, the filing reported total operating expenses of $1,702,574, driven primarily by exploration costs of $1,218,537 and management and administrative expenses of $376,575. This compares to total operating expenses of $482,210 in the third quarter of 2025. For the nine months ended September 30, 2026, total operating expenses reached $3,311,941, against $1,922,919 in the comparable prior-year period. The net loss per common share on a basic and diluted basis was $(0.02) for the three months ended September 30, 2026, and $(0.03) for the nine months ended September 30, 2026, the company disclosed.

The balance sheet as of September 30, 2026 showed total assets of $6,112,096, up from $3,290,870 at December 31, 2025. Total liabilities were $1,952,635 as of September 30, 2026. The filing noted the company holds a noncontrolling interest in Owyhee Gold Trust, which carried a balance of $169,639 in both periods. Cash flows from financing activities provided $5,649,304 for the nine months ended September 30, 2026, largely attributable to proceeds from issuances of stock and warrants of $5,663,316, net of share issuance costs paid of $104,012. Net cash used in investing activities was $331,568, which included acquisition of mineral properties of $302,504 and purchase of a reclamation bond of $10,000.

What Was Disclosed

Thunder Mountain Gold, Inc. disclosed its unaudited condensed consolidated financial statements for the quarter and nine months ended September 30, 2026, showing a year-over-year increase in net losses, higher exploration spending, and a larger cash balance compared to December 31, 2025, funded primarily through stock and warrant issuances.