MTH:CC - Mammoth Announces Strategic Alliance and $750,000 Private Placement Financing
(TheNewswire)
Toronto, Canada – TheNewswire - ( June 5, 2025 ) - Mammoth Resources Corp. (TSX-V: MTH),(the “Company”, or “Mammoth”) wouldlike to announce that it has entered into a strategic alliance (the"Alliance") with RM Minerías de RL de CV (“RM"), aprivate Mexican company formed by a group of primarily Mexican miningand metallurgical specialists focused on acquiring, developing andrestarting to commercial production, mineral extraction and processingfacilities in Mexico.
Mammoth would also like to announce anon-brokered private placement of up to 30 million units of theCompany (the "Units") at an offering price of $0.025 perUnit, for gross proceeds of up to $750,000 (the "PrivatePlacement"). Each Unit consists of one common share of theCompany (a "Common Share") and one-half common sharepurchase warrant (the "Warrant"). Each Warrant will entitlethe holder thereof to acquire one Common Share until eighteen monthsfollowing closing of the private placement, at an exercise price of$0.05. The Company has set no minimum number of Units to bedistributed and no minimum dollar amount required to be raised inconnection with the Private Placement. The gross proceedsof the Private Placement will be used to advance the Company'sTenoriba precious metal project in Chihuahua State, Mexico, evaluatepotential project acquisitions and support working capitalneeds.
Thomas Atkins,President and CEO of Mammoth commented on the strategic alliance,stating :" Mammoth has been discussing working together with the principals ofRM Minerias for some time. We see significant strength in combiningMammoth’s own efforts in Mexico with a group of experienced, Mexicanmine builders on projects in Mexico. Through this alliance, Mammothshareholders gain additional leverage from Minerias’ experience inthe future development of Mammoth’s 100 percent owned Tenoribagold-silver project in Mexico, while also gaining exposure toparticipate in additional, near-term, Mexican, mineral producingopportunities thereby gaining a degree of independence from cyclicalequity markets in assuring the financing of future corporate andproject developments ."
Jose Antonio BerlangaBalderas, President and CEO of RM Mineria reiterated these thoughts,stating :" RM Minerias is comprised of an experienced group of mining andmetallurgical professionals with an abundance of success developingand restarting mineral extraction and processing facilities throughoutMexico. Our conversations with Thomas and the Mammoth team over thepast months, our interest in the potential at Tenoriba, combined withadditional project development opportunities in Mexico, all combine tocreate a strong platform for future Mexican project developmentopportunities ."
The StrategicAlliance
Mammoth personnel have been indiscussions with the principals of RM for several months, building ourrelationship and combined vision for the future. Mammoth sees a veryattractive union of initiatives from the strategic alliance with RM,including direct Mexican mineral project development experience andsuccess that has the potential to enhance the future development ofTenoriba while also offering Mammoth's shareholders to future mineralproduction opportunities at a time when commodity prices are on therise and yet, where North American capital markets, for early-stageprojects, continue to be challenging.
One of the two principals of RM includesMr. Jose Antonio Berlanga Balderas, CEO of RM, a private Mexicancompany formed by a group of mining and metallurgical specialists. Mr.Berlanga Balderas is a professional Mining and Metallurgical Engineerwith more than 45 years experience identifying, developing, operatingand optimizing mineral extraction opportunities in the Mexican miningsector, including: providing services to Minera Autlan, and ServiciosIndustriales Peñoles. Mr. Berlanga Balderas experience includes: asGeneral Director Minas Nuevas, operating one of the first heapleaching operations in Mexico; as founder of Minera Mexico Michoacán,developing the El Oro project; as Technical Deputy Director of theMining Development Trust (a Mexican state-owned company that offers financing andtechnical assistance to mining companies); and as Development Manager,Internacional de Metales Precios, one of the main gold and silvertrading companies in Mexico.
Mr. Berlanga Balderas has participatedin the Canadian junior mining industry, bringing significantexperience to the companies in which he has participated resulting insignificant value creation, including: Aurcana Corporation's La Negramine, Cayden Resources' El Barqueño and Morelos Sur projects, SkeenaResources' Malpica Project, Cortez Goldcorp's Altiplano operation andTelson Mining's (now Luca Mining) Tahuehueto and Campo Morado mine andfacilities.
Mr. Berlanga Balderas has been Presidentof the Colegio de Ingenieros de Minas y Metalurgistas y Geologos deMéxico (CIMMGM), has been District President and member of theNational Board of Directors in the Asociación de Ingenieros de Minas,Metalurgistas y Geólogos de Mexico (AIMMGM) and is a member of theProspectors and Developers Association of Canada (PDAC) and theAmerican Institute of Mining Engineers (AIME).
Mr. Berlanga Balderas is supported byMr. José Antonio Berlanga Lopez, President of RM, a ProfessionalMining and Metallurgical Engineer with more than 20 years experiencein México. He is a graduate from the Universidad Nacional Autonoma deMéxico (UNAM) and has a strong background investigating miningopportunities, start-up companies, business strategy and mineralconcentrate trading in Mexico and has worked for several companies,such as Minera La Negra, Altiplano Gold Silver, Mercuria, AzureMinerals, Reyna Mining Engineering.
Mr. Berlanga Lopez is a member of theColegio de Ingenieros de Minas y Metalurgistas y Geologos de México(CIMMGM), the Asociación de Ingenieros de Minas, Metalurgistas yGeólogos de Mexico (AIMMGM), and of the Prospectors and
Developers Association of Canada(PDAC).
The PrivatePlacement
This Private Placement is available toaccredited investors. The pricing of this Private Placement wasgranted under the Venture Exchange Discretionary Waiver Bulletin(“Bulletin”). Under the conditions of the Bulletin, the pricing ofthe Private Placement is set by the previous day’s closing shareprice of $0.025/share. The pricing of the Private Placement representsa small premium from the 10-day volume-weighted average share priceduring the past 10 trading days of $0.022/share. Securities issuedunder this Private Placement will be subject to a four-month holdperiod. In accordance with the requirements of the Investment DealerExemption, the Company confirms there is no material fact or materialchange related to the Company which has not been disclosed. TheCompany has been granted conditional approval for this PrivatePlacement, however, closing of this Private Placement is subject toreceipt of all required regulatory and Exchange approvals. The Companymay pay a finder's fees on a portion of the Private Placement inaccordance with applicable securities laws and the policies of the TSXVenture Exchange. From the gross proceeds of the Private Placement,approximately 60% are intended to be used to advance the Company'sTenoriba precious metal project in Chihuahua State, Mexico and toevaluate potential project acquisitions, with the remaining 40%intended to support working capital needs.
Anyone interested in participating inthis financing are encouraged to contact Thomas Atkins, President andCEO of Mammoth at: tr_atkins@rogers.com or by telephone at: 416 509-4326.
About MammothResources:
Mammoth Resources (TSX-V: MTH) is aprecious metal mineral exploration Company focused on acquiring anddefining precious metal resources in Mexico and other attractivemining friendly jurisdictions in the Americas. The Company holds a100% interest (subject to a 2% net smelter royalty purchasable anytimewithin two years from commencement of commercial production for US$1.5million) in the 5,333 hectare Tenoriba gold property located in theSierra Madre Precious Metal Belt in southwestern Chihuahua State,Mexico. Mammoth is seeking other opportunities to option exploration projects in the Americason properties it deems to host above average potential for economicconcentrations of precious metals mineralization.
To find out more about Mammoth Resources and to sign upto receive future press releases, please visit the company's website at: www.mammothresources.ca ., or contact Thomas Atkins, President and CEO.
Neither the TSX Venture Exchange nor its Regulation Services Provider(as that term is defined in the policies of the TSX Venture Exchange)accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Information: This news release maycontain or refer to forward-looking information. All information otherthan statements of historical fact that address activities, events ordevelopments that the Company believes, expects or anticipates will ormay occur in the future are forward-looking statements; examplesinclude the listing of its shares on a stock exchange and establishingmineral resources. These forward-looking statements are subject to avariety of risks and uncertainties beyond the Company's ability tocontrol or predict that may cause actual events or results to differmaterially from those discussed in such forward-looking statements.Any forward-looking statement speaks only as of the date on which itis made and, except as may be required by applicable securities laws,the Company disclaims any intent or obligation to update anyforward-looking statement, whether as a result of new information,future events or results or otherwise. Although the Company believesthat the assumptions inherent in the forward-looking statements arereasonable, forward-looking statements are not guarantees of futureperformance and, accordingly, undue reliance should not be placed onthese forward-looking statements due to the inherent uncertaintytherein.
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