Thunder Mountain Gold Inc. and MFD Investment Holdings SA Enter Small-Scale Production Agreement for South Mountain Project
Reuters
Sep 08, 2025
<a href="https://laohu8.com/S/THMG">Thunder Mountain Gold</a> Inc. and MFD Investment Holdings SA Enter Small-Scale Production Agreement for South Mountain Project
Thunder Mountain Gold Inc. has entered into a small-scale production agreement with MFD Investment Holdings SA for the South Mountain Project in Owyhee County, Idaho. Under this agreement, Thunder Mountain Gold will operate the project while MFD will provide 100% of the necessary capital funding. The project revenues from small-scale production will be divided, with MFD receiving 80% and Thunder Mountain Gold 20% until MFD recovers 1.5 times its investment. After this, the revenue will be shared equally until 1.5 million tonnes are mined, after which all revenues will go to Thunder Mountain Gold. This agreement is subject to permitting and other approvals and is part of an option agreement that allows MFD to acquire a 10% interest in the project by investing $1.0 million in exploration by October 31, 2026.
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