THMG THUNDER MOUNTAIN GOLD INC

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Executive Summary

Thunder Mountain Gold's auditor, Assure CPA, LLC, resigned after merging into Sadler Gibb & Associates LLC, which was immediately engaged as the new independent auditor. The change was driven by the merger, not by any disagreements or reportable events, though the prior audit reports contained a going-concern explanatory paragraph. This is a routine auditor transition due to firm consolidation, but the pre-existing going-concern doubt remains a material risk factor.

Actionable Insight

Key Facts

• Assure CPA, LLC resigned as auditor on June 3, 2026, after merging into Sadler Gibb & Associates LLC via an asset purchase agreement.
• Sadler Gibb & Associates LLC was engaged as the new independent registered public accounting firm on June 4, 2026, approved by the Audit Committee.
• No disagreements or reportable events occurred between the company and Assure CPA during fiscal years 2024 and 2025 or the interim period through May 31, 2026.
• Assure CPA's audit reports for fiscal years 2024 and 2025 each contained an explanatory paragraph expressing substantial doubt about the company's ability to continue as a going concern.
• The company did not consult with Sadler Gibb prior to engagement on any accounting, auditing, or financial reporting matters.

Financial Impact

No financial impact from the auditor change itself; the going-concern qualification from prior audits persists.

Risk Factors

• Going-concern uncertainty flagged in prior audit reports remains unresolved.
• New auditor may identify previously undisclosed issues during the 2026 audit.
• Micro-cap OTC stock with limited liquidity and potential financing risk.

Market Snapshot

Documents Analyzed

This report is based on 5 SEC documents filed with EDGAR.

US Market Status