New Risk • Jun 03
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.0m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.0m free cash flow). Negative equity (-CA$485k). Earnings have declined by 8.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (58% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.73m market cap, or US$2.69m). Board Change • Apr 10
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director José Berlanga Balderas was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 21
Mammoth Resources Corp. Updates on Activities At the Tenoriba Gold-Silver Property and Other Corporate Initiatives Mammoth Resources Corp. Update on Activities at the Tenoriba Gold-Silver Property and Other Corporate Initiatives During the past months Mammoth's geological team, in consultation with various contractors, have advanced steps towards the planning and permitting to facilitate both: (i) a resource definition drill program to confirm gold-silver mineral resource at the Company's 100% owned Tenoriba exploration project following the greater than one million ounce gold equivalent Target for Further Exploration as identified in prior in-house and independent studies (refer to press releases dated May 15, 2024 and November 21, 2024, on Mammoth's website at: www.mammothresources.ca, under the 2024 "News" folder), together with: (ii) studies to confirm potential gold-silver recoveries from a coarser fraction heap leach metallurgical test and identify potential draw-points from areas of elevated grade, from which to source material for pilot, small-scale gold-silver production within the Carneritos area of the Tenoriba property (refer to press release dated February 27, 2025 on Mammoth's website at: www.mammothresources.ca, under the 2025 "News" folder). In addition to these activities at Tenoriba, the Mammoth team, together with its strategic partner RM Mineria, are advancing the acquisition of near to immediate-term, precious and precious with base metal, operating mines. The team has had extensive discussions and has advanced various stages of due diligence and hopes to advance these opportunities to a stage where an announcement can be made identifying such opportunities in the near future. 
