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Thunder Mountain Gold ( (TSE:THM) ) just unveiled an announcement.
Thunder Mountain Gold has entered into a small-scale production agreement with MFD Investment Holdings for the South Mountain Project in Idaho. Under this agreement, MFD will fully fund the qualifying capital needed for production, while Thunder Mountain Gold will operate the project. This strategic move allows Thunder Mountain Gold to maintain operator control and generate non-dilutive cash flow, enhancing shareholder value. The agreement outlines a revenue-sharing model that initially favors MFD until their investment is recouped, after which profits will be split equally, ultimately benefiting Thunder Mountain Gold once production targets are met.
More about Thunder Mountain Gold
Thunder Mountain Gold, Inc. operates in the mining industry, focusing on the development of polymetallic projects. Its primary products include high-grade zinc, silver, gold, and copper, with a market focus on resource growth and exploration.
Average Trading Volume: 12,866
Technical Sentiment Signal: Buy
Current Market Cap: C$36.85M
See more data about THM stock on TipRanks’ Stock Analysis page.