Thunder Mountain Gold (THMG) 10-Q 14 Nov 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2022	Oct. 21, 2022
Document Information [Line Items]
Registrant Name	THUNDER MOUNTAIN GOLD INC
Registrant CIK	0000711034
Fiscal Year End	--12-31
SEC Form	10-Q
Period End date	Sep. 30, 2022
Document Quarterly Report	true
Tax Identification Number (TIN)	91-1031015
Number of common stock shares outstanding		60,855,579
Filer Category	Non-accelerated Filer
Current with reporting	Yes
Interactive Data Current	Yes
Shell Company	false
Small Business	true
Emerging Growth Company	false
Document Transition Report	false
Entity File Number	001-08429
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	11770 W President Dr. STE F
Entity Address, City or Town	Boise
Entity Address, State or Province	ID
Entity Address, Postal Zip Code	83713-8986
City Area Code	208
Local Phone Number	658-1037
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Exchange OTCQB [Member]
Document Information [Line Items]
Trading Symbol	THMG
Trading Exchange	NONE
Title of 12(g) Security	Common Stock, $0.001 par value
Exchange TSX-V [Member]
Document Information [Line Items]
Trading Symbol	THM
Trading Exchange	NONE
Title of 12(g) Security	Common Stock, $0.001 par value

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 840,820	$ 1,156,622
Prepaid expenses, deposits and other assets	37,141	18,390
Total current assets	877,961	1,175,012
Property and Equipment:
Land	280,333	280,333
Equipment, net of accumulated depreciation of $181,722 and $180,500, respectively	883	2,105
Total property and equipment	281,216	282,438
Investment in BeMetals, at fair value	669,624	1,520,684
Total assets	1,828,801	2,978,134
Current liabilities:
Accounts payable and other accrued liabilities	34,866	11,495
Accrued related party liability	151,685	166,685
Accrued interest payable to related parties	19,698	80,177
Advance from BeMetals	82,420	36,187
Deferred officer compensation	1,041,500	1,041,500
Related parties notes payable	28,768	66,768
Total current liabilities	1,358,937	1,402,812
Accrued reclamation costs	65,000	65,000
Total liabilities	1,423,937	1,467,812
Commitments and Contingencies
Stockholders' equity:
Preferred stock; $0.0001 par value, 5,000,000 shares authorized; no shares issued or outstanding	0	0
Common stock; $0.001 par value; 200,000,000 shares authorized, 60,855,579 shares issued and outstanding	60,856	60,856
Additional paid-in capital	6,564,947	6,406,606
Less: 11,700 shares of treasury stock, at cost	(24,200)	(24,200)
Accumulated deficit	(6,370,441)	(5,106,642)
Total Thunder Mountain Gold, Inc stockholders' equity	231,162	1,336,620
Noncontrolling interest in Owyhee Gold Trust	173,702	173,702
Total stockholders' equity	404,864	1,510,322
Total liabilities and stockholders' equity	$ 1,828,801	$ 2,978,134

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parentheticals)	Sep. 30, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares
Statement of Financial Position [Abstract]
Accumulated Depreciation | $	$ 181,722	$ 180,500
Preferred Stock, Par or Stated Value Per Share | (per share)	$ 0.0001	$ 0.0001
Preferred Stock, Shares Authorized	5,000,000	5,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share | (per share)	$ 0.001	$ 0.001
Common Stock, Shares Authorized	200,000,000	200,000,000
Common Stock, Shares Issued	60,855,579	60,855,579
Common Stock, Shares Outstanding	60,855,579	60,855,579
Treasury Stock, Shares	11,700	11,700

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenues:
Gain on mineral interest	$ 0	$ 250,000	$ 0	$ 500,000
Management service income	75,000	75,000	225,000	225,000
Total revenues	75,000	325,000	225,000	725,000
Operating expenses:
Exploration	1,072	4,940	3,310	12,640
Legal and accounting	21,237	14,187	106,329	68,694
Management and administrative	121,272	116,745	527,470	341,098
Depreciation	331	618	1,222	2,232
Total operating expenses	143,912	136,490	638,331	424,664
Net operating income (loss)	(68,912)	188,510	(413,331)	300,336
Other income (expense):
Unrealized gain (loss) on investment	(230,072)	(842,931)	(851,060)	(913,942)
Gain on sale of investment	0	0	0	92,685
Other income	494	(436)	592	8,384
Total other income (expense)	(229,578)	(843,367)	(850,468)	(812,873)
Net (loss)	(298,490)	(654,857)	(1,263,799)	(512,537)
Net Income (loss) - noncontrolling interest in Owyhee Gold Trust	0	0	0	0
Net (loss) - Thunder Mountain Gold, Inc.	$ (298,490)	$ (654,857)	$ (1,263,799)	$ (512,537)
Net (loss) per common share-basic		$ (0.01)	$ (0.02)	$ (0.01)
Net (loss) per common share-diluted		$ (0.01)	$ (0.02)	$ (0.01)
Weighted average common shares outstanding-basic	60,855,579	60,855,579	60,855,579	60,855,579
Weighted average common shares outstanding-diluted	60,855,579	60,855,579	60,855,579	60,855,579

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities:
Net (loss)	$ (1,263,799)	$ (512,537)
Adjustments to reconcile net income to net cash used by operating activities:
Depreciation	1,222	2,232
Stock based compensation	158,341	0
Gain on mineral interest	0	(500,000)
Unrealized (gain) loss on investment	851,060	913,942
Gain on sale of investment	0	(92,685)
Change in:
Prepaid expenses and other assets	(18,751)	(14,531)
Accounts payable and other accrued liabilities	23,371	(4,914)
Accrued liability payable to related parties	(15,000)	(20,000)
Accrued interest payable to related parties	(60,479)	(190)
Advance from BeMetals	46,233	29,820
Net cash used by operating activities	(277,802)	(198,863)
Cash flows from investing activities:
Proceeds from sale of investment	0	649,557
Proceeds from mineral interest	0	500,000
Net cash used by financing activities	0	1,149,557
Cash flows from financing activities:
Proceeds from Exercise of Options	0	35,534
Payments on related parties notes payable	(38,000)	(39,808)
Net cash used by financing activities	(38,000)	(4,274)
Net increase (decrease) in cash and cash equivalents	(315,802)	946,420
Cash and cash equivalents, beginning of period	1,156,622	274,155
Cash and cash equivalents, end of period	840,820	1,220,575
Noncash financing activities
Shares issued for settlement of option exercise with accrued interest and wages	$ 0	$ 35,466

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-In Capital [Member]	Treasury Stock [Member]	Accumulated Deficit [Member]	Non-Controlling Interest in OGT [Member]	Total
Equity Balance at Dec. 31, 2020	$ 60,146	$ 6,336,316	$ (24,200)	$ (4,534,846)	$ 173,702	$ 2,011,118
Equity Balance (Shares) at Dec. 31, 2020	60,145,579
Stock Options exercised	$ 710	70,290				71,000
Stock Options exercised (Shares)	710,000
Net income (loss)				(512,537)		(512,537)
Equity Balance at Sep. 30, 2021	$ 60,856	6,406,606	(24,200)	(5,047,383)	173,702	1,569,581
Equity Balance (Shares) at Sep. 30, 2021	60,855,579
Equity Balance at Dec. 31, 2020	$ 60,146	6,336,316	(24,200)	(4,534,846)	173,702	$ 2,011,118
Equity Balance (Shares) at Dec. 31, 2020	60,145,579
Stock Options exercised (Shares)						710,000
Equity Balance at Dec. 31, 2021	$ 60,856	6,406,606	(24,200)	(5,106,642)	173,702	$ 1,510,322
Equity Balance (Shares) at Dec. 31, 2021	60,855,579
Equity Balance at Jun. 30, 2021	$ 60,146	6,336,316	(24,200)	(4,392,526)	173,702	2,153,438
Equity Balance (Shares) at Jun. 30, 2021	60,145,579
Stock Options exercised	$ 710	70,290				71,000
Stock Options exercised (Shares)	710,000
Net income (loss)				(654,857)		(654,857)
Equity Balance at Sep. 30, 2021	$ 60,856	6,406,606	(24,200)	(5,047,383)	173,702	1,569,581
Equity Balance (Shares) at Sep. 30, 2021	60,855,579
Equity Balance at Dec. 31, 2021	$ 60,856	6,406,606	(24,200)	(5,106,642)	173,702	1,510,322
Equity Balance (Shares) at Dec. 31, 2021	60,855,579
Stock Options issued for Services		158,341				158,341
Net income (loss)				(1,263,799)		(1,263,799)
Equity Balance at Sep. 30, 2022	$ 60,856	6,564,947	(24,200)	(6,370,441)	173,702	404,864
Equity Balance (Shares) at Sep. 30, 2022	60,855,579
Equity Balance at Jun. 30, 2022	$ 60,856	6,564,947	(24,200)	(6,071,951)	173,702	703,354
Equity Balance (Shares) at Jun. 30, 2022	60,855,579
Net income (loss)				(298,490)		(298,490)
Equity Balance at Sep. 30, 2022	$ 60,856	$ 6,564,947	$ (24,200)	$ (6,370,441)	$ 173,702	$ 404,864
Equity Balance (Shares) at Sep. 30, 2022	60,855,579

Summary of Significant Accounti

Summary of Significant Accounting Policies and Business Operations	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Significant Accounting Policies and Business Operations [Text Block]	1. Summary of Significant Accounting Policies and Business Operations Business Operations Thunder Mountain Gold, Inc. ("Thunder Mountain", "THMG", or "the Company") was originally incorporated under the laws of the State of Idaho on November 9, 1935, under the name of Montgomery Mines, Inc. In April 1978, the Montgomery Mines Corporation was obtained by a group of the Thunder Mountain property holders and changed its name to Thunder Mountain Gold, Inc., with the primary goal to further develop their holdings in the Thunder Mountain Mining District, located in Valley County, Idaho. Thunder Mountain Gold, Inc. takes its name from the Thunder Mountain Mining District, where its principal lode mining claims were located. For several years, the Company's activities were restricted to maintaining its property position and exploration activities. During 2005, the Company sold its holdings in the Thunder Mountain Mining District. During 2007, the Company acquired the South Mountain Mines property in southwest Idaho and initiated exploration activities on that property, which continue today. On February 27, 2019, the Company entered into an Option Agreement, (the "BeMetals Option Agreement") with BeMetals Corporation. Under the terms of the BeMetals Option Agreement, BMET USA will be entitled to purchase 100% of the issued and outstanding shares of South Mountain Mines, Inc. ("SMMI") from Thunder Mountain Resources, Inc. ("TMRI"), both wholly owned subsidiaries of the Company. The original term of the agreement was for two years, but was extended on May 18, 2020 by three months. On September 14, 2021, the BeMetals Option Agreement was amended, extending the option period to December 31, 2022, due to the COVID-19 pandemic, and business conditions surrounding restricted international travel, and corresponding access to capital markets. During this term, BeMetals is required to conduct a preliminary economic assessment ("PEA"), completed by a mutually agreed third-party engineering firm. Over its term, this agreement requires issuance of 10,000,000 million shares of BMET stock to the Company by BeMetals, and cash payments to the Company of $1,350,000: $1,100,000 in cash and $250,000 in exchange for shares of the Company's common stock. In the event that BeMetals decides not to proceed with the South Mountain Project, BeMetals will not be obligated to make any additional payments. See Note 3 for further information. Basis of Presentation and Going Concern The accompanying consolidated financial statements have been prepared under the assumption that the Company will continue as a going concern. The Company has historically incurred losses, however, under the BeMetals Option Agreement (Note 3), the Company now has a recurring source of revenue, and its ability to continue as a going concern is no longer dependent on equity capital raises and borrowings. However, if necessary, the Company continues to have the ability to raise additional capital in order to fund its future exploration and working capital requirements. The Company's plans for the long-term continuation as a going concern include operating on the cash flows and consideration payments provided under the BeMetals Option Agreement. COVID-19 In March 2020, COVID-19 was declared a pandemic by the World Health Organization and the Centers for Disease Control and Prevention. Its rapid spread around the world and throughout the United States prompted many countries, including the United States, to institute restrictions on travel, public gatherings and certain business operations. These restrictions disrupted economic activity in Thunder Mountain Gold's business related to raising capital. As of September 30, 2022, the disruption did not materially impact the Company' financial statements. However, if the severity of the economic disruptions increase as the duration of the COVID-19 pandemic continues, the negative financial impact could be significantly greater in future periods. The COVID-19 outbreak could have a variety of adverse impacts to the Company, including their ability to continue operations of their exploration under the BeMetals Options Agreement. As of September 30, 2022, there were no material adverse impacts to the Company's BeMetals Options Agreement due to COVID-19. Principles of Consolidation The consolidated financial statements include the accounts of the Company; its wholly owned subsidiaries, Thunder Mountain Resources, Inc. ("TMRI") and South Mountain Mines, Inc. ("SMMI"); and a company in which the Company owns 75% and has majority control, Owyhee Gold Trust, LLC ("OGT"). The Company's consolidated financial statements reflect the other investor's 25% non-controlling, capped interest in OGT. Intercompany accounts are eliminated in consolidation. Accounting Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The more significant areas requiring the use of management estimates and assumptions include the carrying value of properties and mineral interests, environmental remediation liabilities, deferred tax assets, and stock-based compensation. Management's estimates and assumptions are based on historical experience and other assumptions believed to be reasonable under the circumstances. Actual results could differ from those estimates. Revenue Recognition Management service revenue is recognized when the Company has satisfied its performance obligation required under its management contract with BeMetals. Such obligation is satisfied over time as work is performed and the Company has a contractual right to payment. Income Taxes The Company recognizes deferred income tax liabilities or assets at the end of each period using the tax rate expected to be in effect when the taxes are actually paid or recovered. A valuation allowance is recognized on deferred tax assets when it is more likely than not that some or all of the deferred tax assets will not be realized. Cash and Cash Equivalents For the purposes of the balance sheet and statement of cash flows, the Company considers all highly liquid investments with a maturity of three months or less when purchased to be a cash equivalent. Fair Value Measurements When required to measure assets or liabilities at fair value, the Company uses a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used. The Company determines the level within the fair value hierarchy in which the fair value measurements in their entirety fall. The categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Level 1 uses quoted prices in active markets for identical assets or liabilities, Level 2 uses significant other observable inputs, and Level 3 uses significant unobservable inputs. The amount of the total gains or losses for the period are included in earnings that are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held at the reporting date. At September 30, 2022, the Company has one financial asset, investment in equity security, that is adjusted to fair value on a recurring basis for which the fair value is determined based on Level 1 inputs as the equity security is traded on a stock exchange. The Company has no financial liabilities that are adjusted to fair value on a recurring basis. Financial Instruments The Company's financial instruments include cash and cash equivalents, investment in BeMetal's equity security and related party notes payable, the carrying value of which approximates fair value based on the nature of those instruments. Investments The Company determines the appropriate classification of investments at the time of acquisition and re-evaluates such determinations at each reporting date. Equity securities that have a readily determined fair value are carried at fair value determined using Level 1 fair value measurement inputs with the change in fair value recognized as unrealized gain (loss) in the consolidated statement of operations each reporting period. Gains and losses on the sale of securities are recognized on a specific identification basis. Mineral Interests The Company capitalizes costs for acquiring mineral interests, and expenses costs to maintain mineral rights and leases as incurred. Exploration costs are expensed in the period in which they occur. Should a property reach the production stage, these capitalized costs would be amortized using the units-of-production method based on periodic estimates of ore reserves. Mineral interests are periodically assessed for impairment of value and any subsequent losses are charged to operations at the time of impairment. If a mineral interest is abandoned or sold, its capitalized costs are charged to operations. Consideration received by the Company pursuant to joint ventures or purchase option agreements is applied against the carrying value of the related mineral interest. When and if payments received exceed the carrying value, the excess amount is recognized as a gain in the consolidated statement of operations in the period the consideration is received. Investments in Joint Ventures For companies and joint ventures where the Company holds more than 50% of the voting interests, but less than 100%, and has significant influence, the company or joint venture is consolidated, and other investor interests are presented as noncontrolling. See Note 3 regarding the Company's investment in Owyhee Gold Trust. Joint ventures in which the Company has the ability to exercise significant influence, but does not control, are accounted for under the equity method of accounting. Reclamation and Remediation The Company's operations have been, and are subject to, standards for mine reclamation that have been established by various governmental agencies. The Company would record the fair value of an asset retirement obligation as a liability in the period in which the Company incurred a legal obligation for the retirement of tangible long-lived assets. A corresponding asset would also be recorded and depreciated over the life of the asset. For non-operating properties, the Company accrues costs associated with environmental remediation obligations when it is probable that such costs will be incurred, and they are reasonably estimable. Such costs are based on management's estimate of amounts expected to be incurred when the remediation work is performed. At September 30, 2022 and December 31, 2021, the Company had accrued $65,000 on its consolidated balance sheets relating to estimated mine closure and reclamation costs on its South Mountain Mines property. Share-Based Compensation Share-based payments to employees and directors, including grants of employee stock options, are measured at fair value and expensed in the consolidated statements of operations over the vesting period. Recent Accounting Pronouncements Accounting Standards Updates Adopted In August 2020, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2020-06 Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging-Contracts in Entity's Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity's Own Equity. The update is to address issues identified because of the complexity associated with applying generally accepted accounting principles for certain financial instruments with characteristics of liabilities and equity. The update is effective for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years and with early adoption permitted. The adoption of this standard did not impact the Company's consolidated financial statements. Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the financial statements upon adoption. Net Income (Loss) Per Share The Company is required to have dual presentation of basic earnings per share ("EPS") and diluted EPS. The Company calculates basic earnings (loss) per share by dividing net income or loss available to common stockholders by the weighted average number of common shares outstanding. We do not include the impact of any potentially dilutive common stock equivalents in our basic earnings (loss) per share calculations. Diluted earnings per share reflect potentially dilutive common stock equivalents, including options and warrants that could share in our earnings through the conversion to common shares, except where their inclusion would be anti-dilutive. For the three-month and nine month periods ended September 30, 2022 and September 30, 2021 Outstanding common stock equivalents were excluded from the calculation of diluted earnings per share as their effect would have been anti-dilutive due to the net loss for the period.

Mineral Interest Commitments

Mineral Interest Commitments	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Mineral Interest Commitments [Text Block]	2. Mineral Interest Commitments The Company has two lease arrangements with landowners that own land parcels adjacent to the Company's South Mountain patented and unpatented mining claims. The leases were originally for a seven-year period, with annual payments of $20 per acre. The leases were renewed for an additional 10 years at $30 per acre paid annually; committed payments as of September 30, 2022, are listed in the table below. The leases have no work requirements. Annual Payment Acree Lease (June) $ 3,390 Lowry Lease (October) 11,280 Total $ 14,670 The Company has 26 unpatented claims (533 acres) in the Trout Creek area and 21 unpatented claims in the South Mountain area. The claim fees are paid on these unpatented claims annually as follows: Target Area 2022 Trout Creek -State of Nevada $ 4,290 Trout Creek -Lander County, Nevada 324 South Mountain-State of Idaho 3,465 Total $ 8,079

South Mountain Project

South Mountain Project	9 Months Ended
	Sep. 30, 2022
Equity Method Investments [Abstract]
South Mountain Project [Text Block]	3. South Mountain Project BeMetals Option Agreement: On February 27, 2019, the Company entered into an Option Agreement, (the "BeMetals Option Agreement") with BeMetals Corp., a British Columbia corporation ("BeMetals"), and BeMetals USA Corp., a Delaware corporation ("BMET USA"), a wholly owned subsidiary of BeMetals. Under the terms of the BeMetals Option Agreement, BMET USA will be entitled to purchase 100% of the issued and outstanding shares of SMMI from TMRI, both wholly owned subsidiaries of the Company. SMMI is the Company's subsidiary that holds the Company's investment in the South Mountain project mineral interest. The original term of the agreement is for two years with BeMetals completing a PEA completed by a mutually agreed third-party engineering firm. On May 18, 2020, the Company extended the BMET Option Agreement by three months from the existing BeMetals Option Agreement date, due to the COVID-19 pandemic, and business conditions surrounding restricted international travel, and corresponding access to capital markets. On September 14, 2021, the BeMetals Option Agreement was amended, effecting Tranche 6 with the addition of Tranches 7 and 8. The option period has been extended to December 31, 2022, unless agreed to be further extended by all parties. Pursuant to the amended BeMetals Option Agreement, BMET USA will be entitled to purchase 100% of the outstanding shares of SMMI from TMRI if the following obligations are satisfied: Tranche 1: cash payment of $100,000 to TMRI within 1 business day of delivery of voting support agreements from shareholders of THMG who hold or control shares carrying more than 50% of the voting rights attached to all outstanding THMG Shares. Payment was received on March 5, 2019 and is nonrefundable. Tranche 2: Tranche 2 conditions were completed on June 10, 2019, with the issuance of 10 million common shares of BMET USA to TMRI having a fair value of $1,883,875; and BMET USA's purchase of 2.5 million shares of THMG common stock at a price of $0.10 per share, for an aggregate purchase price of $250,000, on a private placement basis (received June 2019). Tranche 3: Cash payment of $250,000 on or before the 6-month anniversary of the Tranche 2. Payment was received on December 10, 2019. Tranche 4: Cash payment of $250,000 on or before the 15-month anniversary of the Tranche 2, was received on September 10, 2020, and was recognized as a gain on sale of mineral interest during the year ended December 31, 2020. Tranche 5: Cash payment of $250,000 on or before the 21-month anniversary of the Tranche 2, was received on March 5, 2021, and recognized as a gain on sale of mineral interest for the period ended March 31, 2021. Tranche 6: Cash payment of $250,000 on or before September 30, 2021, which was received on September 10, 2021, and fulfilled the cash option payment requirement per the original agreement. Tranche 7: Commencing from September 14, 2021, BeMetals shall fund and complete a surface drilling exploration program with a minimum of 7,000 feet. Including but not limited to corresponding sampling and analysis. Tranche 8: Upon BeMetal's intention to exercise their option, and completion of Tranches 1 through 7. An additional payment of an amount equal to the lesser of 50% of the market capitalization of BeMetals at the time, and the greater of either $10 million; or 20% of the net present value of the South Mountain Project as calculated in the PEA and discounted at 8%. Less the sum of: US$850,000 being the total cash payments made by BMET USA. The Tranche 2 Shares Value $1,883,875. The aggregate value of the South Mountain Project Liabilities, excluding reclamation and environmental liabilities. BeMetals Management Service Income Concurrent with the BeMetals Option Agreement, BMET USA and SMMI entered a management contract whereby BeMetals will pay $25,000 monthly to SMMI for management services to enable BMET to perform exploration and development work with respect to the South Mountain Project. Management service income of $225,000 was recognized for the nine months ended September 30, 2022, and 2021, respectively. Management Service income for the three months ended September 30, 2022, and 2021 was $75,000, respectively. Advance from BeMetals BeMetals provides funding to SMMI for ongoing project expenses, including office lease payments. Under the terms of the Option Agreement, SMMI's management provides BeMetals a request for funds monthly to cover the upcoming month's expenses. At September 30, 2022, and December 31, 2021, advances received from BeMetals that have not yet been spent totaled $82,420 and $36,187, respectively. SMMI Joint Venture - OGT, LLC The Company's wholly owned subsidiary SMMI is the sole manager of the South Mountain Project in its entirety through a separate Mining Lease with Option to Purchase ("Lease Option") with the Company's majority-owned subsidiary OGT. The Lease Option includes a capped $5 million less net returns royalties paid through the date of exercise. The Lease Option expires in November 2026. If SMMI exercises the option, the option payment of $5 million less advance royalties will be distributed 100% by OGT to OGT's minority member. Under the Lease Option, SMMI pays an advance $5,000 net returns royalty to OGT annually on November 4 which is distributed to OGT's minority member.

Investment in Equity Security

Investment in Equity Security	9 Months Ended
	Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Investment in Equity Security [Text Block]	4. In June 2019 in connection with the BeMetals Option Agreement (see Note 3), the Company received 10,000,000 shares of BeMetals Corp. common stock that had a fair value of $1,883,875. On May 4, 2021, the Company sold 2,000,000 shares held in BeMetals Corp. for US $649,557 ($CAD 800,000). The shares of common stock were sold through Canaccord Genuity at a price of US $0.325 ($CAD 0.40). A foreign exchange gain of $9,147 was recognized on the sale as the funds were not transferred to the company until May 17, 2021. This gain is included in other income on the consolidated statement of operations. This sale met the requirements under the terms of the BeMetals Option Agreement. The fair value of the Company's shares in BeMetals is $669,624 at September 30, 2022, compared to the fair value of the investment of $1,520,684 at December 31, 2021. For the three months and nine months ended September 30, 2022, the Company had an unrealized loss of $230,072 and $851,060, respectability.

Property and Equipment

Property and Equipment	9 Months Ended
	Sep. 30, 2022
Property, Plant and Equipment [Abstract]
Property and Equipment [Text Block]	5. The Company's property and equipment are as follows: September 30 December 31, 2022 2021 Vehicles $ 22,441 $ 22,441 Buildings 65,071 65,071 Construction Equipment 36,447 36,447 Mining Equipment 58,646 58,646 182,605 182,605 Accumulated Depreciation (181,722 ) (180,500 ) 883 2,105 Land 280,333 280,333 Total Property and Equipment $ 281,216 $ 282,438

Related Notes

Related Notes	9 Months Ended
	Sep. 30, 2022
Related Party Transactions [Abstract]
Related Notes [Text Block]	6. Board of Directors Compensation On March 16, 2022, the Company's Compensation Committee recommended that the Company's Board of Directors receive nominal compensation for their service. The Company's Board of Directors passed the resolution for Board members compensation total amount of cash compensation paid to the Board of Directors was $16,550. Board of Directors Compensation Notes Payable Mr. Jones is the Company's President and Chief Executive Officer on September 30, 2022 Mr. Jones had a note payable balance of $28,768. On August 21, 2022 Mr. Jones received payment of accrued interest of $38,000. Mr. Jones had accrued interest payable balance on September 30, 2022 and December 31, 2021 of $9,698 and $47,698, respectfully. The note, as amended, stopped accruing monthly interest on January 1, 2021. James Collord, the Company's Vice President and Chief Operating Officer was paid $40,000, paying off the principal of the note payable balance of $39,808 as well as $192 of accrued interest ending December 31, 2021. During the nine months ended September 30, 2022, Mr. Collord received a payment of accrued interest of $22,479, and had accrued interest payable balance at September 30, 2022 and December 31, 2021 of $10,000 and $32,479, respectfully. Deferred Officer Compensation Three of the Company's officers began deferring compensation for services on April 1, 2015. On July 31, 2018, the Company stopped expensing and deferring compensation for the three Company officers in the interest of marketing the SMMI project. As part of the BeMetals agreement (Note 3), the Company resumed compensation for these officers on May 15, 2019. The officers deferred compensation balances at September 30, 2022 and December 31, 2021 represent the balances deferred prior to the BeMetals agreement and are as follows: Eric Jones, President and Chief Executive Officer - $420,000; Jim Collord, Vice President and Chief Operating Officer - $420,000; and Larry Thackery, Chief Financial Officer - $201,500, for a total of $1,041,500. Accrued Related Party Liability During 2015 to 2018 he Company engaged Baird Hanson LLP ("Baird"), a company owned by one of the Company's former directors, to provide legal services. The Company's director Joseph Baird retired from the Board of Directors of Thunder Mountain Gold, Inc., and from all other positions or offices with the Company effective April 11, 2022. Baird received $15,000 in payments during the nine months ended September 30, 2022. At September 30, 2022 and December 31, 2021, the balance due to Baird for prior years' legal services was $151,685 and $166,685, respectfully. On May 10, 2022, the Company agreed to facilitate the sale of 1,000,000 shares of the Company's common stock held by Joseph Baird, one of the Company's former directors and a shareholder. In anticipation of the sale, the Company received $10,000 for the sale of shares that had not yet transferred to the purchasers. The Company held funds in prepaid expense, deposits and other assets with a corresponding liability due to Mr. Baird of $10,000 classified in accounts payable and other accrued liabilities on its consolidated balance sheet at September 30, 2022.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2022
Stockholders' Equity Note [Abstract]
Stockholders' Equity [Text Block]	7. Stockholders' Equity The Company's common stock has a par value of $0.001 with 200,000,000 shares authorized. The Company also has 5,000,000 authorized shares of preferred stock with a par value of $0.0001. On July 19, 2021, the Company issued 710,000 common shares because of stock options exercised by Company officers and certain Directors. The options entitled the holder to receive one share of the Company's common stock at an exercise price of $0.10 per share. The Company received net cash proceeds from the option exercise of $71,000 in exchange for 355,352 common shares and issued an additional 354,648 common shares to settle advanced funds, accrued wages, and accrued interest to officers of $35,466.

Stock Options

Stock Options	9 Months Ended
	Sep. 30, 2022
Share-based Payment Arrangement [Abstract]
Stock Options [Text Block]	8. Stock Options The Company On March 21, 2022, the Company granted 1,820,000 stock options to officers and The total amount of compensation cost recognized for share-based payment awards to nonemployees was $13,920. The Company has elected to recognize the effect of forfeitures in compensation cost when they occur. Previously recognized compensation cost for a nonemployee share-based payment award shall be reversed in the period that the award is forfeited. On July 19, 2021, management and Board members exercised stock options for 710,000 shares of common stock for total consideration $71,000. The Company issued 354,648 common shares in exchange for advanced funds, accounts payables, and accrued interest payable to management for a nonmonetary value of $35,466. An additional 355,352 common shares were exercised for cash consideration of $35,534. On July 19, 2021, the Company's President and Chief Executive Officer, Eric Jones, exercised stock options representing 200,000 shares of common stock for total consideration of $20,000. This payment was noncash representing $7,146 from the accounts payable and $12,854 net of accrued wages. James Collord, the Company's Vice President and Chief Operating Officer exercised stock options in the amount of $10,000 representing 100,000 shares of common stock Mr. Collord exercised stock options, using $8,163 of accrued interest plus $2,500 in accrued wages, net of $663 in related taxes, to cover the option exercise price of $10,000. Additionally, Larry Thackery, the Company's CFO, exercised stock options for 160,000 shares of common stock for $16,000 with $10,535 in cash, and $5,917 in accrued wages, net of $453 in related taxes. Board Members, Ralph Noyes, and Doug Glaspey exercised stock options of 150,000 and 100,000 shares of common stock, respectively. This transaction was a cash transaction of $15,000 for Ralph Noyes, and $10,000 for Doug Glaspey for a total of $25,000 in cash. The fair value of each option award was estimated on the date of the grant using the assumptions noted in the following table: March 21, 2022 Stock price $0.088 Exercise price $0.09 Expected volatility 188.9% Expected dividends - Expected terms (in years) 5.0 Risk-free rate 2.39% During the nine months ended September 30, 2022, 400,000 options expired. The following is a summary of the Company's options issued and outstanding under the SIP: Shares Weighted Outstanding and exercisable at December 31, 2020 5,705,000 $ 0.10 Exercised (710,000 ) 0.10 Expired (1,640,000 ) 0.10 Outstanding and exercisable at December 31, 2021 3,355,000 $ 0.10 Granted 1,820,000 0.09 Expired (400,000 ) 0.09 Outstanding and exercisable at September 30, 2022 4,775,000 $ 0.093 The average remaining contractual term of the options outstanding and exercisable at September 30, 2022 was 2.97 years. At September 30, 2022, options outstanding and exercisable had no aggregate intrinsic value based on the Company's stock price of $0.07 at September 30, 2022.

Leases

Leases	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Leases [Text Block]	9. Leases The Company renewed its office operating lease on February 1, 2022, for 12 months, and does not anticipate the lease will be more than 12 months as of September 30, 2022. Since the remaining lease term is one year or less the Company did not recognize a right to use asset and a related lease liability on the balance sheet for the lease renewal. For the nine months ended September 30, 2022, the Company paid $13,050 in lease payments, which was reimbursed by BeMetals under the terms of the Option Agreement.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies and Business Operations (Policies)	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business Operations [Policy Text Block]	Business Operations Thunder Mountain Gold, Inc. ("Thunder Mountain", "THMG", or "the Company") was originally incorporated under the laws of the State of Idaho on November 9, 1935, under the name of Montgomery Mines, Inc. In April 1978, the Montgomery Mines Corporation was obtained by a group of the Thunder Mountain property holders and changed its name to Thunder Mountain Gold, Inc., with the primary goal to further develop their holdings in the Thunder Mountain Mining District, located in Valley County, Idaho. Thunder Mountain Gold, Inc. takes its name from the Thunder Mountain Mining District, where its principal lode mining claims were located. For several years, the Company's activities were restricted to maintaining its property position and exploration activities. During 2005, the Company sold its holdings in the Thunder Mountain Mining District. During 2007, the Company acquired the South Mountain Mines property in southwest Idaho and initiated exploration activities on that property, which continue today. On February 27, 2019, the Company entered into an Option Agreement, (the "BeMetals Option Agreement") with BeMetals Corporation. Under the terms of the BeMetals Option Agreement, BMET USA will be entitled to purchase 100% of the issued and outstanding shares of South Mountain Mines, Inc. ("SMMI") from Thunder Mountain Resources, Inc. ("TMRI"), both wholly owned subsidiaries of the Company. The original term of the agreement was for two years, but was extended on May 18, 2020 by three months. On September 14, 2021, the BeMetals Option Agreement was amended, extending the option period to December 31, 2022, due to the COVID-19 pandemic, and business conditions surrounding restricted international travel, and corresponding access to capital markets. During this term, BeMetals is required to conduct a preliminary economic assessment ("PEA"), completed by a mutually agreed third-party engineering firm. Over its term, this agreement requires issuance of 10,000,000 million shares of BMET stock to the Company by BeMetals, and cash payments to the Company of $1,350,000: $1,100,000 in cash and $250,000 in exchange for shares of the Company's common stock. In the event that BeMetals decides not to proceed with the South Mountain Project, BeMetals will not be obligated to make any additional payments. See Note 3 for further information.
Basis of Presentation and Going Concern [Policy Text Block]	Basis of Presentation and Going Concern The accompanying consolidated financial statements have been prepared under the assumption that the Company will continue as a going concern. The Company has historically incurred losses, however, under the BeMetals Option Agreement (Note 3), the Company now has a recurring source of revenue, and its ability to continue as a going concern is no longer dependent on equity capital raises and borrowings. However, if necessary, the Company continues to have the ability to raise additional capital in order to fund its future exploration and working capital requirements. The Company's plans for the long-term continuation as a going concern include operating on the cash flows and consideration payments provided under the BeMetals Option Agreement.
COVID-19 [Policy Text Block]	COVID-19 In March 2020, COVID-19 was declared a pandemic by the World Health Organization and the Centers for Disease Control and Prevention. Its rapid spread around the world and throughout the United States prompted many countries, including the United States, to institute restrictions on travel, public gatherings and certain business operations. These restrictions disrupted economic activity in Thunder Mountain Gold's business related to raising capital. As of September 30, 2022, the disruption did not materially impact the Company' financial statements. However, if the severity of the economic disruptions increase as the duration of the COVID-19 pandemic continues, the negative financial impact could be significantly greater in future periods. The COVID-19 outbreak could have a variety of adverse impacts to the Company, including their ability to continue operations of their exploration under the BeMetals Options Agreement. As of September 30, 2022, there were no material adverse impacts to the Company's BeMetals Options Agreement due to COVID-19.
Principles of Consolidation [Policy Text Block]	Principles of Consolidation The consolidated financial statements include the accounts of the Company; its wholly owned subsidiaries, Thunder Mountain Resources, Inc. ("TMRI") and South Mountain Mines, Inc. ("SMMI"); and a company in which the Company owns 75% and has majority control, Owyhee Gold Trust, LLC ("OGT"). The Company's consolidated financial statements reflect the other investor's 25% non-controlling, capped interest in OGT. Intercompany accounts are eliminated in consolidation.
Accounting Estimates [Policy Text Block]	Accounting Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The more significant areas requiring the use of management estimates and assumptions include the carrying value of properties and mineral interests, environmental remediation liabilities, deferred tax assets, and stock-based compensation. Management's estimates and assumptions are based on historical experience and other assumptions believed to be reasonable under the circumstances. Actual results could differ from those estimates.
Revenue Recognition [Policy Text Block]	Revenue Recognition Management service revenue is recognized when the Company has satisfied its performance obligation required under its management contract with BeMetals. Such obligation is satisfied over time as work is performed and the Company has a contractual right to payment.
Income Taxes [Policy Text Block]	Income Taxes The Company recognizes deferred income tax liabilities or assets at the end of each period using the tax rate expected to be in effect when the taxes are actually paid or recovered. A valuation allowance is recognized on deferred tax assets when it is more likely than not that some or all of the deferred tax assets will not be realized.
Cash and Cash Equivalents [Policy Text Block]	Cash and Cash Equivalents For the purposes of the balance sheet and statement of cash flows, the Company considers all highly liquid investments with a maturity of three months or less when purchased to be a cash equivalent.
Fair Value Measurements [Policy Text Block]	Fair Value Measurements When required to measure assets or liabilities at fair value, the Company uses a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used. The Company determines the level within the fair value hierarchy in which the fair value measurements in their entirety fall. The categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Level 1 uses quoted prices in active markets for identical assets or liabilities, Level 2 uses significant other observable inputs, and Level 3 uses significant unobservable inputs. The amount of the total gains or losses for the period are included in earnings that are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held at the reporting date. At September 30, 2022, the Company has one financial asset, investment in equity security, that is adjusted to fair value on a recurring basis for which the fair value is determined based on Level 1 inputs as the equity security is traded on a stock exchange. The Company has no financial liabilities that are adjusted to fair value on a recurring basis.
Financial Instruments [Policy Text Block]	Financial Instruments The Company's financial instruments include cash and cash equivalents, investment in BeMetal's equity security and related party notes payable, the carrying value of which approximates fair value based on the nature of those instruments.
Investments [Policy Text Block]	Investments The Company determines the appropriate classification of investments at the time of acquisition and re-evaluates such determinations at each reporting date. Equity securities that have a readily determined fair value are carried at fair value determined using Level 1 fair value measurement inputs with the change in fair value recognized as unrealized gain (loss) in the consolidated statement of operations each reporting period. Gains and losses on the sale of securities are recognized on a specific identification basis.
Mineral Interests [Policy Text Block]	Mineral Interests The Company capitalizes costs for acquiring mineral interests, and expenses costs to maintain mineral rights and leases as incurred. Exploration costs are expensed in the period in which they occur. Should a property reach the production stage, these capitalized costs would be amortized using the units-of-production method based on periodic estimates of ore reserves. Mineral interests are periodically assessed for impairment of value and any subsequent losses are charged to operations at the time of impairment. If a mineral interest is abandoned or sold, its capitalized costs are charged to operations. Consideration received by the Company pursuant to joint ventures or purchase option agreements is applied against the carrying value of the related mineral interest. When and if payments received exceed the carrying value, the excess amount is recognized as a gain in the consolidated statement of operations in the period the consideration is received.
Investments in Joint Ventures [Policy Text Block]	Investments in Joint Ventures For companies and joint ventures where the Company holds more than 50% of the voting interests, but less than 100%, and has significant influence, the company or joint venture is consolidated, and other investor interests are presented as noncontrolling. See Note 3 regarding the Company's investment in Owyhee Gold Trust. Joint ventures in which the Company has the ability to exercise significant influence, but does not control, are accounted for under the equity method of accounting.
Reclamation and Remediation [Policy Text Block]	Reclamation and Remediation The Company's operations have been, and are subject to, standards for mine reclamation that have been established by various governmental agencies. The Company would record the fair value of an asset retirement obligation as a liability in the period in which the Company incurred a legal obligation for the retirement of tangible long-lived assets. A corresponding asset would also be recorded and depreciated over the life of the asset. For non-operating properties, the Company accrues costs associated with environmental remediation obligations when it is probable that such costs will be incurred, and they are reasonably estimable. Such costs are based on management's estimate of amounts expected to be incurred when the remediation work is performed. At September 30, 2022 and December 31, 2021, the Company had accrued $65,000 on its consolidated balance sheets relating to estimated mine closure and reclamation costs on its South Mountain Mines property.
Share-Based Compensation [Policy Text Block]	Share-Based Compensation Share-based payments to employees and directors, including grants of employee stock options, are measured at fair value and expensed in the consolidated statements of operations over the vesting period.
Recent Accounting Pronouncements [Policy Text Block]	Recent Accounting Pronouncements Accounting Standards Updates Adopted In August 2020, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2020-06 Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging-Contracts in Entity's Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity's Own Equity. The update is to address issues identified because of the complexity associated with applying generally accepted accounting principles for certain financial instruments with characteristics of liabilities and equity. The update is effective for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years and with early adoption permitted. The adoption of this standard did not impact the Company's consolidated financial statements. Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the financial statements upon adoption.
Net Income (Loss) Per Share [Policy Text Block]	Net Income (Loss) Per Share The Company is required to have dual presentation of basic earnings per share ("EPS") and diluted EPS. The Company calculates basic earnings (loss) per share by dividing net income or loss available to common stockholders by the weighted average number of common shares outstanding. We do not include the impact of any potentially dilutive common stock equivalents in our basic earnings (loss) per share calculations. Diluted earnings per share reflect potentially dilutive common stock equivalents, including options and warrants that could share in our earnings through the conversion to common shares, except where their inclusion would be anti-dilutive. For the three-month and nine month periods ended September 30, 2022 and September 30, 2021 Outstanding common stock equivalents were excluded from the calculation of diluted earnings per share as their effect would have been anti-dilutive due to the net loss for the period.

Mineral Interest Commitments (T

Mineral Interest Commitments (Tables)	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of committed payments [Table Text Block]	Annual Payment Acree Lease (June) $ 3,390 Lowry Lease (October) 11,280 Total $ 14,670
Schedule of claim fees paid on unpatented claims [Table Text Block]	Target Area 2022 Trout Creek -State of Nevada $ 4,290 Trout Creek -Lander County, Nevada 324 South Mountain-State of Idaho 3,465 Total $ 8,079

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2022
Property, Plant and Equipment [Abstract]
Schedule of property and equipment [Table Text Block]	September 30 December 31, 2022 2021 Vehicles $ 22,441 $ 22,441 Buildings 65,071 65,071 Construction Equipment 36,447 36,447 Mining Equipment 58,646 58,646 182,605 182,605 Accumulated Depreciation (181,722 ) (180,500 ) 883 2,105 Land 280,333 280,333 Total Property and Equipment $ 281,216 $ 282,438

Stock Options (Tables)

Stock Options (Tables)	9 Months Ended
	Sep. 30, 2022
Share-based Payment Arrangement [Abstract]
Schedule of fair value assumptions [Table Text Block]	March 21, 2022 Stock price $0.088 Exercise price $0.09 Expected volatility 188.9% Expected dividends - Expected terms (in years) 5.0 Risk-free rate 2.39%
Schedule of options issued and outstanding [Table Text Block]	Shares Weighted Outstanding and exercisable at December 31, 2020 5,705,000 $ 0.10 Exercised (710,000 ) 0.10 Expired (1,640,000 ) 0.10 Outstanding and exercisable at December 31, 2021 3,355,000 $ 0.10 Granted 1,820,000 0.09 Expired (400,000 ) 0.09 Outstanding and exercisable at September 30, 2022 4,775,000 $ 0.093

Summary of Significant Accoun_3

Summary of Significant Accounting Policies and Business Operations (Narrative) (Details) - USD ($)	1 Months Ended
	Feb. 27, 2019	Sep. 30, 2022	Dec. 31, 2021
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Accrued reclamation costs		$ 65,000	$ 65,000
Owyhee Gold Trust, LLC [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Percentage of ownership interest		75%
Ownership percentage by noncontrolling owners		25%
BeMetals Option Agreement [Member] | South Mountain Mines, Inc [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Percentage of ownership interest	100%
BeMetals Option Agreement [Member] | BeMetals USA Corp [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Number of shares received	10,000,000
Cash and equity proceeds from sale of subsidiary	$ 1,350,000
Cash received	1,100,000
Shares exchanged for common stock	$ 250,000

Mineral Interest Commitments (N

Mineral Interest Commitments (Narrative) (Details)	9 Months Ended
	Sep. 30, 2022 USD ($) a
Other Commitments [Line Items]
Lease contract	7 years
Annual committed lease payments per acre per original agreement	$ 20
Lease renewal term	10 years
Annual committed lease payments per acre	$ 30
Trout Creek [Member]
Other Commitments [Line Items]
Number of unpatented claims	26
Area of land | a	533
South Mountain [Member]
Other Commitments [Line Items]
Number of unpatented claims	21

Mineral Interest Commitments -

Mineral Interest Commitments - Schedule of other commitments (Details)	9 Months Ended
	Sep. 30, 2022 USD ($)
Other Commitments [Line Items]
Payments to Acquire Mineral Rights	$ 14,670
Acree Lease (June) [Member]
Other Commitments [Line Items]
Payments to Acquire Mineral Rights	3,390
Lowry Lease (October) [Member]
Other Commitments [Line Items]
Payments to Acquire Mineral Rights	$ 11,280

Mineral Interest Commitments _2

Mineral Interest Commitments - Schedule of unpatented claims lease payments (Details)	9 Months Ended
	Sep. 30, 2022 USD ($)
Other Commitments [Line Items]
Unpatented claims lease payments	$ 8,079
Trout Creek [Member] | State of Nevada [Member]
Other Commitments [Line Items]
Unpatented claims lease payments	4,290
Trout Creek - Lander County [Member] | State of Nevada [Member]
Other Commitments [Line Items]
Unpatented claims lease payments	324
South Mountain [Member] | State of Idaho [Member]
Other Commitments [Line Items]
Unpatented claims lease payments	$ 3,465

South Mountain Project (Narrati

South Mountain Project (Narrative) (Details)

1 Months Ended

3 Months Ended

9 Months Ended

Sep. 14, 2021 ft²

Sep. 10, 2021 USD ($)

Mar. 05, 2021 USD ($)

Sep. 10, 2020 USD ($)

Dec. 10, 2019 USD ($)

Jun. 10, 2019 USD ($) $ / shares shares

Mar. 05, 2019 USD ($)

Jun. 30, 2019 USD ($) shares

Feb. 27, 2019 USD ($)

Sep. 30, 2022 USD ($)

Sep. 30, 2021 USD ($)

Sep. 30, 2022 USD ($)

Sep. 30, 2021 USD ($)

Dec. 31, 2021 USD ($)

SMMI Joint Venture - OGT, LLC [Member]

South Mountain Project [Line Items]

Advanced payment on royalties

$ 5,000,000

Advance net returns on royalty

5,000

BeMetals Option Agreement [Member] | BeMetals USA Corp [Member]

South Mountain Project [Line Items]

Cash received

$ 1,100,000

Number of common shares received | shares

10,000,000

Fair value of common shares received

$ 1,883,875

Monthly payments for management services to perform exploration and development work

25,000

Management service income

$ 75,000

$ 75,000

225,000

$ 225,000

Advances received

$ 82,420

82,420

$ 36,187

BeMetals Option Agreement [Member] | BeMetals USA Corp [Member] | Tranche One [Member]

South Mountain Project [Line Items]

Percentage of ownership interest

50%

Cash received

$ 100,000

BeMetals Option Agreement [Member] | BeMetals USA Corp [Member] | Tranche Two [Member]

South Mountain Project [Line Items]

Number of common shares received | shares

10,000,000

Fair value of common shares received

$ 1,883,875

$ 1,883,875

BeMetals Option Agreement [Member] | BeMetals USA Corp [Member] | Tranche Two [Member] | Private Placement [Member]

South Mountain Project [Line Items]

Number of common shares received | shares

2,500,000

Fair value of common shares received

$ 250,000

Price per share | $ / shares

$ 0.1

BeMetals Option Agreement [Member] | BeMetals USA Corp [Member] | Tranche Three [Member]

South Mountain Project [Line Items]

Cash received

$ 250,000

BeMetals Option Agreement [Member] | BeMetals USA Corp [Member] | Tranche Four [Member]

South Mountain Project [Line Items]

Cash received

$ 250,000

BeMetals Option Agreement [Member] | BeMetals USA Corp [Member] | Tranche Five [Member]

South Mountain Project [Line Items]

Cash received

$ 250,000

BeMetals Option Agreement [Member] | BeMetals USA Corp [Member] | Tranche Six [Member]

South Mountain Project [Line Items]

Cash received

$ 250,000

BeMetals Option Agreement [Member] | BeMetals USA Corp [Member] | Tranche Seven [Member]

South Mountain Project [Line Items]

Area of minimum drilling exploration program | ft²

7,000

BeMetals Option Agreement [Member] | BeMetals USA Corp [Member] | Tranche Eight [Member]

South Mountain Project [Line Items]

Option agreement, description

An additional payment of an amount equal to the lesser of 50% of the market capitalization of BeMetals at the time, and the greater of either $10 million; or 20% of the net present value of the South Mountain Project as calculated in the PEA and discounted at 8%.

Cash received

$ 850,000

BeMetals Option Agreement [Member] | South Mountain Mines, Inc [Member]

South Mountain Project [Line Items]

Percentage of ownership interest

100%

Investment in Equity Security (

Investment in Equity Security (Narrative) (Details) $ / shares in Units, $ / shares in Units, $ in Thousands			1 Months Ended	3 Months Ended		9 Months Ended
	May 04, 2021 CAD ($) $ / shares shares	May 04, 2021 USD ($) shares	Jun. 30, 2019 USD ($) shares	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)	May 04, 2021 $ / shares
Net Investment Income [Line Items]
Investment in BeMetals, at fair value				$ 669,624		$ 669,624		$ 1,520,684
Unrealized gain (loss) on investment				(230,072)	$ (842,931)	(851,060)	$ (913,942)
BeMetals USA Corp [Member]
Net Investment Income [Line Items]
Investment in BeMetals, at fair value				$ 669,624		$ 669,624		$ 1,520,684
Sale of stock, number of shares issued in transaction | shares	2,000,000	2,000,000
Sale of stock, consideration received on transaction	$ 800,000	$ 649,557
Sale of stock price per share | (per share)	$ 0.4								$ 0.325
Foreign exchange gain (loss)		$ 9,147
BeMetals Option Agreement [Member] | BeMetals USA Corp [Member]
Net Investment Income [Line Items]
Number of common shares received | shares			10,000,000
Fair value of common shares received			$ 1,883,875

Property and Equipment - Schedu

Property and Equipment - Schedule of property and equipment (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property and Equipment, Gross	$ 182,605	$ 182,605
Accumulated Depreciation	(181,722)	(180,500)
Property and Equipment Net, Excluding Land	883	2,105
Land	280,333	280,333
Total property and equipment	281,216	282,438
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, Gross	22,441	22,441
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, Gross	65,071	65,071
Construction Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, Gross	36,447	36,447
Mining Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, Gross	$ 58,646	$ 58,646

Related Notes (Narrative) (Deta

Related Notes (Narrative) (Details) - USD ($)		1 Months Ended		3 Months Ended		9 Months Ended		12 Months Ended
	May 10, 2022	Aug. 21, 2022	Jul. 19, 2021	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Related Party Transaction [Line Items]
Amount of compensation paid to the Board of Directors				$ 2,900		$ 16,550
Related parties notes payable				28,768		28,768		$ 66,768
Payments on related parties notes payable						38,000	$ 39,808
Accrued interest payable to related parties				19,698		19,698		80,177
Proceeds from Exercise of Options			$ 35,534			0	35,534
Deferred officer compensation				1,041,500		1,041,500		1,041,500
Legal and accounting				21,237	$ 14,187	106,329	68,694
Accounts payable and other accrued liabilities				34,866		34,866		11,495
Eric Jones [Member]
Related Party Transaction [Line Items]
Related parties notes payable				28,768		28,768
Payments on related parties notes payable		$ 38,000
Accrued interest payable to related parties				9,698		9,698		47,698
Deferred officer compensation				420,000		420,000
James Collord [Member]
Related Party Transaction [Line Items]
Related parties notes payable								39,808
Payments of principal balance of notes payable							$ 40,000
Payment of accrued interest of notes payable						22,479		192
Accrued interest payable to related parties				10,000		10,000		32,479
Deferred officer compensation				420,000		420,000		420,000
Larry Thackery [Member]
Related Party Transaction [Line Items]
Deferred officer compensation				201,500		201,500		201,500
Baird Hanson LLP [Member]
Related Party Transaction [Line Items]
Payment of accrued interest of notes payable				15,000
Sale of common stock	1,000,000
Amount of sale of stock	$ 10,000
Legal and accounting						151,685		$ 166,685
Accounts payable and other accrued liabilities				$ 10,000		$ 10,000

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Details)	1 Months Ended	3 Months Ended	9 Months Ended	12 Months Ended
	Jul. 19, 2021 USD ($) $ / shares shares	Sep. 30, 2021 USD ($)	Sep. 30, 2021 USD ($)	Dec. 31, 2021 $ / shares shares	Sep. 30, 2022 $ / shares shares	Sep. 30, 2022 $ / shares shares
Stockholders' Equity Note [Abstract]
Common Stock, Par or Stated Value Per Share | (per share)				$ 0.001	$ 0.001	$ 0.001
Common Stock, Shares Authorized				200,000,000	200,000,000	200,000,000
Preferred Stock, Shares Authorized				5,000,000	5,000,000	5,000,000
Preferred Stock, Par or Stated Value Per Share | (per share)				$ 0.0001	$ 0.0001	$ 0.0001
Common shares issued for stock options exercised	710,000			710,000
Exercise price of option | $ / shares	$ 0.1			$ 0.1
Stock options exercised | $	$ 71,000	$ 71,000	$ 71,000
Options exercised for cash	355,352
Options exercised to settle advanced funds, accrued wages, and accrued interest	354,648
Value of common shares to settle advanced funds, accrued wages, and accrued interest | $	$ 35,466

Stock Options (Narrative) (Deta

Stock Options (Narrative) (Details) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
	Jul. 19, 2021	Mar. 21, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted to officers and directors		1,820,000		1,820,000
Stock options granted to directors, fair value		$ 158,341
Compensation cost recognized for share-based payment awards to nonemployees		$ 13,920
Exercise price		$ 0.09		$ 0.09
Common shares issued for stock options exercised	710,000					710,000
Stock options exercised	$ 71,000		$ 71,000		$ 71,000
Options exercised to settle advanced funds, accrued wages, and accrued interest	354,648
Value of common shares to settle advanced funds, accrued wages, and accrued interest	$ 35,466
Options exercised for cash	355,352
Proceeds from exercise of options	$ 35,534			$ 0	$ 35,534
Options expired				400,000		1,640,000
Weighted average remaining contractual term				2 years 11 months 19 days
Share Price		$ 0.088		$ 0.07
Eric Jones [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares issued for stock options exercised	200,000
Stock options exercised	$ 20,000
Accounts payable	7,146
Accrued wages	$ 12,854
James Collord [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares issued for stock options exercised	100,000
Stock options exercised	$ 10,000
Accrued wages	2,500
Accrued interest	8,163
Accrued taxes	$ 663
Larry Thackery [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares issued for stock options exercised	160,000
Stock options exercised	$ 16,000
Proceeds from exercise of options	10,535
Accrued wages	5,917
Accrued taxes	$ 453
Ralph Noyes [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares issued for stock options exercised	150,000
Proceeds from exercise of options	$ 15,000
Doug Glaspey [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares issued for stock options exercised	100,000
Proceeds from exercise of options	$ 10,000
Ralph Noyes and Doug Glaspey [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Proceeds from exercise of options	$ 25,000

Stock Options - Schedule of ass

Stock Options - Schedule of assumptions used to estimated the fair value of option award (Details) - $ / shares	3 Months Ended
	Mar. 21, 2022	Sep. 30, 2022
Share-based Payment Arrangement [Abstract]
Stock price	$ 0.088	$ 0.07
Exercise price	$ 0.09
Expected volatility	188.90%
Expected dividends	0%
Expected terms (in years)	5 years
Risk-free rate	2.39%

Stock Options - Schedule of sum

Stock Options - Schedule of summary of options issued and outstanding (Details) - $ / shares	1 Months Ended	3 Months Ended	9 Months Ended	12 Months Ended
	Jul. 19, 2021	Mar. 21, 2022	Sep. 30, 2022	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Options Outstanding, at beginning		3,355,000	3,355,000	5,705,000
Weighted Average Exercise Price, Outstanding at Beginning		$ 0.1	$ 0.1	$ 0.1
Shares Granted		1,820,000	1,820,000
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price		$ 0.09	$ 0.09
Shares Exercised	(710,000)			(710,000)
Weighted Average Exercise Price, Exercised	$ 0.1			$ 0.1
Shares Expired			(400,000)	(1,640,000)
Weighted Average Exercise Price, Expired			$ 0.09	$ 0.1
Options Outstanding, at ending			4,775,000	3,355,000
Weighted Average Exercise Price, Outstanding at Ending			$ 0.093	$ 0.1

Leases (Narrative) (Details)

Leases (Narrative) (Details)	9 Months Ended
	Sep. 30, 2022 USD ($)
Leases [Abstract]
Lease payments	$ 13,050