Mammoth Announces Final Closing of its Upsized $980,000 Private Placement

About this update from Mammoth Resources Corp.

[{"type":"text","content":"Mammoth Announces Final Closing of its Upsized $980,000 Private Placement\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Toronto, Canada –\n \n\n\n\n TheNewswire -\n \n\n\n\n (August 1\n \n\n\n\n 9\n \n\n\n\n , 2025) - Mammoth Resources\nCorp. (TSX-V: MTH), (the “Company”,\n \n\n\n\n or\n \n\n\n\n “Mammoth”)\n \n\n\n\n is pleased to announced receipt of TSX\nVenture Exchange (the “Exchange”) approval for a final closing of\n39,222,300 units, consisting of one common share and one-half common\nshare purchase warrant (a “Unit”) for gross proceeds of $980,000\nof its recently announced, upsized private placement (the “Private\nPlacement”) of\n \n\n\n\n up to 39\nmillion Units, for gross proceeds of up to $980,000. The upsized\nPrivate Placement is at the same terms as the Company’s initially\nannounced $750,000 Private Placement (refer to press release dated\nJune 5, 2025), wherein each Unit offered at a price of $0.025 per\nUnit, consists of one common share of the Company (a \"Common\nShare\") and one-half Common Share purchase warrant (the\n\"Warrant\"). Each Warrant will entitle the holder thereof to\nacquire one Common Share until eighteen months following the closing\nof the Private Placement, at an exercise price of $0.05. The final\nclosing date of the Private Placement is August 18, 2025.\n \n\n\n\n\n\n As part of this Private Placement, Mr.\nJose Antonio Berlanga Lopez, has purchased a 19.2% interest in\nMammoth, such investment in support of the previously announced\nstrategic alliance between Mammoth and RM Mineria S de RL de CV (refer\nto press release dated June 5, 2025).\n \n\n\n\n\n\n Thomas Atkins,\nPresident and CEO of Mammoth commented on the closing of the financing\nand next steps in the advancement of the Company,\nstating\n \n\n\n\n :\n\"\n \n\n\n\n It’s terrific that there was such enthusiastic demand for\nMammoth’s shares in this private placement that we were able to\nupsize the amount from an initially announced $750,000 placement to\n$980,000. Both the strategic partners and Mammoth management and\ndirectors were significant participants in this financing. With the\nfunds in place, we look forward to working with our strategic\npartners, wherein we can combine Mammoth’s efforts in Mexico wit...

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