News Summary
On December 17, 2025, Thunder Gold Corp. announced an increase to its previously announced (December 12, 2025) non-brokered private placement. The financing has been upsized from C$2.0 million to C$2.15 million due to strong investor demand.
The offering consists of up to 28,666,667 flow-through units at a price of C$0.075 per unit. Each unit includes one flow-through common share and one common share purchase warrant. Each warrant allows the holder to purchase an additional common share at an exercise price of C$0.10 for 18 months.
The proceeds will be used to fund the ongoing exploration program at the company’s 100%-owned Tower Mountain Gold Property in Ontario, with expenditures qualifying as “flow-through mining expenditures”.
Material Impact
The news of upsizing the private placement is a routine but positive development. It follows strong Phase 3 drill results released on December 8 and precedes a highly anticipated maiden Mineral Resource Estimate (MRE) expected in January 2026.
Catalysts
– Immediate: The formal closing of the C$2.15 million private placement.
– 3-6 Months: The single most important catalyst is the delivery of the maiden NI 43-101 Mineral Resource Estimate for the Tower Mountain project, which is expected by the end of January 2026. The size (tonnage) and grade of this initial resource will be a major valuation driver and will dictate the next steps for the company. Any significant deviation from the conceptual target previously mentioned by management could result in high stock price volatility.
Materiality Conclusion
The upsizing of the private placement is a routine and positive event. It provides necessary funding and signals strong investor support. However, it is not a material, game-changing event. The truly material events were the preceding drill results and the engagement of Micon for the MRE. This news is a logical and expected consequence of those developments.
