Black Mammoth Metals Corporation announced a private placement to issue 5,600,000 units at an issue price of CAD 0.50 per unit for the gross proceeds of CAD 2,800,000 on May 10, 2024. Each unit consists of one common share of the company and one-half common share purchase warrant, with each warrant exercisable into one common share of the company for a period of two years from the issue date at an exercise price of CAD 0.75. The Units will be subject to a four-month hold period from the date of closing.

The Offering is subject to the approval of the TSX-V.