Thunder Gold Corp Announces $1.25 Million Private Placement for Gold Exploration

White Metal Resources ( (TSE:TGOL) ) just unveiled an update.

Thunder Gold Corp has announced a non-brokered private placement to raise approximately $1.25 million through the sale of 20,833,333 units at $0.06 per unit. The funds will be used for further exploration of the Tower Mountain Gold Property and general working capital. The financing is subject to TSXV approval and involves PowerOne Capital Markets Limited as a finder. The announcement could enhance Thunder Gold’s exploration capabilities and strengthen its position in the gold exploration sector.

More about White Metal Resources

Thunder Gold Corp, formerly known as White Metal Resources Corp, operates in the mining industry, focusing on the exploration and development of gold properties. Its primary asset is the Tower Mountain Gold Property, located near Thunder Bay, Ontario, which is known for its significant gold occurrences within intrusive rocks.

YTD Price Performance: 50.0%

Average Trading Volume: 264,553

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$12.4M

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