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White Metal Resources
(TGOL)
White Metal Resources (TGOL) vs. iShares MSCI Canada ETF (EWC)
White Metal Resources Business Overview & Revenue Model
White Metal Resources Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -16.26K | -14.93K | -13.07K | -10.08K | -3.85K | -1.27K |
| EBITDA | -570.90K | -1.13M | -646.18K | -993.99K | -950.44K | -555.89K |
| Net Income | -592.05K | -1.15M | -690.75K | 455.57K | -1.07M | 653.20K |
Balance Sheet | ||||||
| Total Assets | 10.71M | 8.91M | 7.61M | 9.78M | 7.39M | 6.21M |
| Cash, Cash Equivalents and Short-Term Investments | 1.74M | 1.19M | 828.39K | 1.83M | 1.67M | 3.71M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 300.15K | 36.08K | 47.83K | 884.67K | 183.73K | 122.80K |
| Stockholders Equity | 10.41M | 8.88M | 7.56M | 8.89M | 7.18M | 6.06M |
Cash Flow | ||||||
| Free Cash Flow | -724.46K | -932.39K | -692.60K | -691.46K | -514.11K | -472.72K |
| Operating Cash Flow | -715.49K | -881.13K | -692.60K | -641.65K | -500.54K | -462.85K |
| Investing Cash Flow | -1.71M | -600.37K | -328.41K | -755.48K | -2.38M | -853.95K |
| Financing Cash Flow | 2.60M | 2.07M | 0.00 | 1.08M | 1.83M | 3.85M |
White Metal Resources Technical Analysis
White Metal Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | C$23.55M | -0.95 | -125.25% | ― | ― | -500.71% | |
49 Neutral | C$21.05M | -25.86 | -6.33% | ― | ― | 6.45% | |
48 Neutral | C$15.72M | -14.55 | -2.38% | ― | ― | 22.59% | |
48 Neutral | C$26.54M | -24.60 | -6.76% | ― | ― | 78.16% | |
45 Neutral | C$15.78M | -79.17 | -32.86% | ― | ― | 86.96% | |
44 Neutral | C$17.60M | -6.46 | ― | ― | ― | -51.55% |
White Metal Resources Corporate Events
Thunder Gold Corp. has engaged Atrium Research Corporation to provide company-sponsored equity research coverage and recorded management interviews over a 12-month term starting February 1, 2026, for a quarterly cash fee, subject to TSX Venture Exchange approval. The arm’s-length agreement, with Atrium holding no equity in Thunder Gold, is intended to raise the company’s visibility among investors and better communicate the investment case for its Tower Mountain gold project, potentially strengthening market understanding and support for the ongoing advancement of this emerging large-scale gold system in Ontario.
The most recent analyst rating on (TSE:TGOL) stock is a Hold with a C$0.09 price target. To see the full list of analyst forecasts on White Metal Resources stock, see the TSE:TGOL Stock Forecast page.
Thunder Gold Corp. has released its maiden mineral resource estimate for the Tower Mountain Gold Property, outlining an indicated resource of 34.5 million tonnes grading 0.46 g/t gold for 514,000 ounces and an inferred resource of 211.1 million tonnes grading 0.45 g/t gold for 3,053,000 ounces, all contained within an optimized open-pit shell. The estimate, prepared by Micon International, highlights a low strip ratio, competitive discovery costs, and confirms the presence of a large, continuous intrusion-related gold system focused along only 20% of the Tower Mountain Intrusive Complex contact, leaving substantial exploration upside. Management says the pit design provides operational flexibility through selective cut-off strategies and stockpiling, while initial environmental test work indicating net acid-neutralizing mineralization supports a favourable permitting profile. The new resource will guide Thunder Gold’s 2026 work program, which will prioritize converting inferred resources to higher confidence categories, expanding the resource within and adjacent to the current pit, advancing metallurgical test work, and launching environmental baseline studies, with the goal of delivering an updated resource and initial economic study in 2027 to further de-risk and advance the project toward development.
The most recent analyst rating on (TSE:TGOL) stock is a Hold with a C$0.07 price target. To see the full list of analyst forecasts on White Metal Resources stock, see the TSE:TGOL Stock Forecast page.
Thunder Gold Corp. has launched a fully funded 5,000-metre Phase One resource definition drill program at its Tower Mountain Gold Property, scheduled to begin on February 1, 2026, with drilling concentrated along the western contact of the Tower Mountain Intrusive Complex to increase geological confidence in existing mineralization and potentially expand the resource base. The company expects completion of an independent mineral resource estimate by February 2026, plans detailed metallurgical work to optimize gold recoveries and process design, and aims to be positioned to initiate a combined resource update and scoping study by the fourth quarter of 2026, following a 2025 campaign that expanded mineralized footprints, confirmed internal geological models and demonstrated promising recoveries from metallurgical testing.
The most recent analyst rating on (TSE:TGOL) stock is a Hold with a C$0.07 price target. To see the full list of analyst forecasts on White Metal Resources stock, see the TSE:TGOL Stock Forecast page.
Thunder Gold Corp. has closed an upsized, non-brokered private placement of flow-through units, raising gross proceeds of $2.15 million after increasing the offering to meet investor demand. The company issued 28.67 million flow-through units at $0.075 each, with attached warrants exercisable at $0.10 for 18 months, and paid approximately $37,905 in finders’ fees, while insider participation triggered related-party transaction rules but remained below thresholds requiring formal valuation or minority approval. All securities issued are subject to a standard hold period and are not registered for sale in the United States, underscoring that the financing is primarily aimed at funding Canadian exploration activities, which could accelerate work at the Tower Mountain Gold Property and support Thunder Gold’s positioning within the junior gold exploration sector.
Thunder Gold Corp. has announced an increase in its non-brokered private placement of flow-through units to $2.15 million, reflecting strong investor demand. The proceeds will support the exploration of its Tower Mountain Gold Property and qualify as ‘flow-through mining expenditures,’ solidifying the company’s commitment to unlocking the site’s significant gold potential and enhancing its market position as a promising gold exploration player.
Thunder Gold Corp. has announced a non-brokered private placement of flow-through units to raise approximately C$2 million. The funds will support ongoing exploration at the Tower Mountain Gold Property and other qualifying Canadian exploration expenses. This move is expected to enhance the company’s exploration capabilities and strengthen its position in the gold exploration industry.
Thunder Gold Corp. announced the results of its Phase Three drill program at the Tower Mountain Gold Property in Ontario, highlighting the potential for expanding the mineralization footprint and defining a scalable gold system. The drilling results demonstrated significant gold mineralization across several targets, indicating both near-term and long-term resource growth potential. The company emphasized the low-cost and efficient nature of the project, given its proximity to infrastructure, and expressed confidence in the scalability of the Tower Mountain project.
Thunder Gold Corp. has announced its Annual General and Special Meeting of shareholders scheduled for December 19, 2025, in Toronto, Ontario. The company is addressing potential delays in the receipt of proxy-related materials due to a disruption in Canada Post services. The meeting will provide shareholders with an opportunity to discuss the company’s progress and future plans, particularly regarding the Tower Mountain Gold Property, which presents significant exploration opportunities and potential for expansion.
Thunder Gold Corp. announced that its CEO, Wes Hanson, will host an investor update on November 25, 2025, to discuss the company’s exploration strategy and progress on the Tower Mountain Gold Project. The project is positioned as a district-scale opportunity with significant potential for expansion, supported by existing infrastructure and favorable market conditions. The update will provide insights into the company’s strategy for defining a large-tonnage, low-grade gold system and its competitive positioning in the industry.