Mammoth Resources Secures TSX Venture Exchange Approval for First Tranche Closing of Private Placement

Toronto, Canada — July 23, 2025 — NewsWall — Mammoth Resources Corp. (TSX-V: MTH) has announced the TSX Venture Exchange's approval for the first tranche closing of 21,821,902 units. Each unit includes one common share and one-half common share purchase warrant, raising gross proceeds of $545,548. This is part of an upsized private placement of up to 39 million units, aiming to raise up to $980,000.

The private placement mirrors the terms of a previous announcement, with each unit priced at $0.025. Each warrant allows the holder to acquire one common share at an exercise price of $0.05, up to eighteen months after the private placement's closing. The closing date for this first tranche was July 23, 2025.

Mammoth Resources is a precious metal mineral exploration company focused on acquiring and defining precious metal resources in Mexico and other attractive mining friendly jurisdictions in the Americas. Mammoth holds a 100% interest in the 5,333 hectare Tenoriba gold property in the Sierra Madre Precious Metal Belt in southwestern Chihuahua State, Mexico.

Thomas Atkins, President and CEO, can be contacted at 416 509-4326.

Source: Mammoth Resources