Masivo working on expanding near Boston mine

Executive Summary

• Masivo Silver Corp. targets a $1.2 million equity raise at $0.06 per share with half‑warrants exercisable at $0.10, slated to close on Aug. 15 2025.
• The proceeds will fund Phase 2 drilling at the Boston mine (Nevada) and Phase 1 drilling at the Cerro Colorado project (Sonora, Mexico).
• The company announces a delay in filing its FY 2024 audited financial statements and related MD&A, seeking a voluntary management cease‑trade order (MCTO) until filings are completed (expected by Aug. 31 2025).

Key Details

• Financing: $1.2 million raise at $0.06 per share; each share accompanied by a half‑warrant exercisable at $0.10.
• Use of Proceeds: Continue Phase 2 drilling at Boston mine (Nevada) and initiate Phase 1 drilling at Cerro Colorado project (Mexico).
• Acquisition Activity: Negotiating multiple acquisition opportunities near the Boston mine in Elko County, Nevada.
• Drilling Plans – Mexico: $75,000 drill credit secured; target start of Cerro Colorado drilling in Q4 2025 pending definitive agreement with Minera Goldzone and partners.
• Assay Results: Qualified Person Brian Brewer is completing assays on remaining seven core holes at Boston mine; results expected in coming months.
• Regulatory Filing Delay: Anticipated delay in filing FY 2024 audited financial statements, MD&A, CEO & CFO certifications (original deadline July 29 2025). Audit work ongoing; completion targeted for Aug. 31 2025.
• Management Cease‑Trade Order (MCTO): Application submitted to Canadian securities regulators for a voluntary MCTO restricting insider trading until required filings are made or order is lifted.
• Financial Information Challenges: Delay partly due to difficulty obtaining financial data from Mexican operations; audit in progress.
• No Insolvency Proceedings: Company confirms no steps taken toward insolvency and asserts no material information beyond this release.

Notable Quotes

(No direct quotes provided in the release.)