THMG terminates BeMetals option agreement for South Mountain Project

THUNDER MOUNTAIN GOLD INC

Termination effective Dec. 29, 2022; option originally signed Feb. 28, 2019.
BeMetals invested $8.5M and issued 10M BMET shares to THMG under the agreement.
THMG regains full control of South Mountain high-grade Zn-Ag-Au-Cu project in Idaho.
Company plans to raise capital via equity or strategic partnership to advance project.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

THUNDER MOUNTAIN GOLD INC terminated BeMetals Option Agreement with BeMetals Corporation and BeMetals USA Corporation (effective 2022-12-30).

Action: termination
Counterparty: BeMetals Corporation and BeMetals USA Corporation
Effective: 2022-12-30

Exact text from the filing

Thunder Mountain Gold, Inc. by and through its subsidiaries Thunder Mountain Resources, Inc., a Nevada Corporation, and South Mountain Mines, Inc., an Idaho Corporation ("SMMI") (collectively the "Company", "THMG", or "We", "Our" or "Us") agreed to terminate an Option Agreement, (the " BeMetals Option Agreement ") with BeMetals Corporation, a British Columbia corporation, and BeMetals USA Corporation, a Delaware corporation (" BeMetals BMET ").

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THUNDER MOUNTAIN GOLD INC filing history →

Source: SEC EDGAR

accession 0001062993-23-000533

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