Mammoth Resources closes $980,000 upsized placement

Executive Summary

• Mammoth Resources Corp. completed the final closing of its upsized private placement, issuing 39,222,300 units for gross proceeds of $980,000.
• The financing was priced at C$0.025 per unit and includes common shares plus half‑share purchase warrants exercisable at C$0.05 within 18 months.
• Strategic investor Jose Antonio Berlanga Lopez acquired a 19.2% stake, reinforcing the company’s alliance with RM Mineria S de RL de CV for future Mexican project development.

Key Details

• Units Issued: 39,222,300 units (each unit = 1 common share + ½ warrant).
• Pricing: C$0.025 per unit; warrants exercisable at C$0.05 per share.
• Gross Proceeds: $980,000 CAD, representing an upsized amount from the originally announced $750,000 placement.
• Closing Date: August 18, 2025 (final closing of the private placement).
• Investor Participation: Jose Antonio Berlanga Lopez purchased a 19.2% interest in Mammoth, supporting the strategic alliance with RM Mineria S de RL de CV.
• Warrant Terms: Each warrant allows acquisition of one common share for up to 18 months after closing at an exercise price of C$0.05.
• Strategic Alliance Context: The financing strengthens a previously announced partnership aimed at combining Mammoth’s Mexican exploration assets with RM Mineria’s mining and metallurgical expertise.
• Related‑Party Assessment: Company concluded no related‑party concerns; the investor’s stake remains below 20%, and warrant language prevents any party from exceeding a 20% interest, avoiding insider or business combination classifications.

Notable Quotes

“It’s terrific that there was such enthusiastic demand for Mammoth's shares in this private placement… With the funds in place, we look forward to working with our strategic partners…” – Thomas Atkins, President & CEO, Mammoth Resources Corp.

“I’m happy that Mammoth was able to do so well in this financing… We look forward to working together with Mammoth management…” – Jose Antonio Berlanga Lopez, President, RM Mineria S de RL de CV.