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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 | Jul 2024 | Jul 2023 | Jul 2022 | Jul 2021 | Jul 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$39.29M | 66.13 | -6.11% | ― | ― | 6.45% | |
51 Neutral | C$19.14M | 251.29 | -125.25% | ― | ― | -500.71% | |
49 Neutral | C$19.76M | -28.06 | -2.38% | ― | ― | 22.59% | |
49 Neutral | C$31.73M | -27.98 | -7.34% | ― | ― | 78.16% | |
46 Neutral | C$16.61M | -5.43 | -34.77% | ― | ― | 86.96% | |
42 Neutral | C$12.04M | -5.36 | ― | ― | ― | -51.55% |
White Metal Resources Corporate Events
Thunder Gold Corp. has filed an NI 43-101 Technical Report supporting the 2026 mineral resource estimate for its Tower Mountain Gold Property, located about 40 kilometres west of Thunder Bay, Ontario. The report, prepared by Micon International Limited and approved by President and CEO Wes Hanson as Qualified Person, is now available on the company’s website and on SEDAR+.
The Tower Mountain property covers 2,500 hectares around the largest exposed intrusive complex in the eastern Shebandowan Greenstone Belt, where historical drilling has outlined anomalous gold over a 1,500-metre strike length and to depths greater than 500 metres. By formalizing the resource estimate under NI 43-101, Thunder Gold reinforces the technical credibility and growth potential of Tower Mountain as a scalable, cost-effective gold project, underpinning its strategy to develop a long-life open-pit operation and enhance long-term value for shareholders and the regional mining sector.
The most recent analyst rating on (TSE:TGOL) stock is a Hold with a C$0.16 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 non-brokered private placement of 25,000,000 units at $0.10 per unit to raise $2.5 million, each unit comprising one common share and half a warrant exercisable at $0.15 for 18 months. The financing, expected to close in mid-March subject to TSX Venture Exchange approval, may include customary finders’ fees and will be subject to a standard four-month hold period on issued securities.
Proceeds will be directed to ongoing exploration and definition drilling at the Tower Mountain Gold Property, with a focus on upgrading inferred resources to measured and indicated ahead of an updated mineral resource estimate and initial scoping study planned for late 2026. The company also intends to advance environmental baseline work at the site, signalling a move toward more advanced project evaluation and potentially enhancing the asset’s long-term development prospects.
The most recent analyst rating on (TSE:TGOL) stock is a Hold with a C$0.13 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 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.