Black Mammoth Metals Corporation

https://www.blackmammothmetals.com

Black Mammoth Metals Corporation is a natural resource company focused on the acquisition and exploration of mineral properties across the western United States. The company's mission is to create value through the strategic acquisition and exploration of a high-quality portfolio of mineral properties within established mining jurisdictions. Founded in 2004, Black Mammoth Metals Corporation is headquartered in Vancouver, Canada.

The company primarily explores for gold, silver, and rare earth elements. Its extensive portfolio includes a 100% interest in numerous properties such as the Happy Cat Gold Property in Nevada, the Blanco Creek Gold Property in Idaho, the America Mine Gold Property in California, the Leadore Silver-Lead-REE Property in Idaho, the Mustang Gold-Silver Property in Nevada, and the Big Bear Copper Property in Arizona, among others.

Led by President and CEO Dustin Henderson since 2013, Black Mammoth Metals Corporation is an exploration-stage company actively advancing its projects. Recent notable activities in 2026 include the acquisition of the Toms Pediment Gold-Silver Property in Nevada, obtaining a drill permit for the Leadore Silver-Lead-REE Property in Idaho, and sampling high-grade silver at West Reveille, Nevada. The company has also identified significant geophysical anomalies at its Happy Cat South Gold Targets in Nevada and the Big Bear Copper Property in Arizona, and outlined an extensive gravity anomaly at the Mustang Gold-Silver Property.

Latest updates

Black Mammoth Metals Identifies Gravity Anomaly at Mustang Property, Plans Drilling

Event summary

  • Black Mammoth Metals Corp. (BMM: TSXV, OTC: LQRCF) released results of a ground gravity survey at its 100%-owned Mustang Gold-Silver property in Nevada.
  • The survey revealed a north-south trending gravity high coinciding with chargeability and resistivity anomalies, suggesting favorable conditions for hydrothermal gold and silver mineralization.
  • The company plans to permit approximately 9 drill sites to test the anomalies, with drilling expected to commence soon.
  • Historical drilling focused on upper volcanic sequences; the current exploration targets underlying Paleozoic carbonate formations (Luning Formation limestones).

The big picture

The Mustang property sits within the Walker Lane trend, a known gold and silver producing region. This gravity anomaly discovery suggests a previously overlooked structural control on mineralization, potentially expanding the resource base beyond historical shallow drilling. The focus on deeper Paleozoic carbonates represents a shift in exploration strategy, targeting a potentially higher-grade, less-explored environment.

What we're watching

Drill Results
The success of the upcoming drill program will be crucial in validating the gravity anomaly and determining the extent of mineralization, potentially impacting the property's valuation.
Geological Model
Whether the exploration team can effectively integrate the gravity, resistivity, and chargeability data to refine the geological model and target mineralization effectively will be key to future success.
Regulatory Approval
The speed with which Black Mammoth secures BLM permits for the drill sites will influence the timeline for testing the anomalies and advancing the project.

Black Mammoth Metals Identifies New Gold Targets at Coal Canyon via IP Survey

Event summary

  • Black Mammoth Metals Corp. (TSXV: BMM, OTC: LQRCF) released results from a pole-dipole induced polarization (IP) survey at its Coal Canyon Gold Project in Nevada.
  • The IP survey identified a target corridor trending NNE, coinciding with a known gold mineralized area and previously untested zones.
  • Recent rock chip sampling at Coal Canyon returned up to 46m @ 0.76 g/t Au in oxide, sampled in May 2025.
  • The company already has an existing drill permit with the Bureau of Land Management, requiring a change of operator, and has constructed drill roads and pads.

The big picture

Black Mammoth's Coal Canyon project represents a strategic foothold in Nevada's prolific gold belt, benefiting from existing infrastructure and a favorable regulatory environment. The IP survey results significantly de-risk the project by identifying high-priority drill targets, potentially accelerating the path to resource definition. The company's aggressive acquisition strategy, encompassing a diverse portfolio of properties, suggests a broader ambition to build a significant precious metals producer.

What we're watching

Drilling Execution
The speed at which Black Mammoth can secure a change of operator for the existing drill permit will dictate the timeline for follow-up drilling and validation of the IP targets.
Mineralization Scale
Whether the 'Contact Zone Target' represents a localized feature or a broader, potentially higher-grade mineralization system remains to be determined by drilling.
Silver Potential
The presence of strong silver values in surrounding soils suggests a broader mineralization footprint, and future exploration should investigate the potential for silver credits alongside gold.

Black Mammoth Metals Secures Permit to Test High-Grade Silver Anomaly in Nevada

Event summary

  • Black Mammoth Metals received final approval for a drill permit at its 100%-owned Amador Silver property in Lander County, Nevada.
  • The permit allows for drilling at up to six sites, with multiple boreholes per site, on Bureau of Land Management (BLM) administered land.
  • The drilling aims to test a high-chargeability/high-resistivity anomaly associated with a 1.22 km silver shear zone.
  • Historic drilling and recent rock chip sampling (up to 23.05 oz/t silver) indicate significant mineralization in the target area.

The big picture

Black Mammoth's Amador Silver project represents a focused effort to re-explore a historically productive region. The company's aggressive acquisition strategy, evidenced by its portfolio of properties, suggests a broader bet on Nevada's potential for precious metal discoveries. Successful drilling at Amador could significantly enhance Black Mammoth's valuation and attract further investment in the region's overlooked assets.

What we're watching

Drill Results
The initial drill results will be critical in determining the extent and grade of the silver mineralization within the anomaly, and whether the historic mineralization can be replicated.
Geological Context
Understanding the interplay between the Devonian Slaven Chert and the plutonic intrusive will be key to defining the potential for further mineralization along the contact zone.
BLM Relations
Maintaining a positive relationship with the Bureau of Land Management will be essential for securing future permits and advancing the project.

Black Mammoth Metals Identifies Extensive Gold Target at Cupz Property

Event summary

  • Black Mammoth Metals Corp. (BMM: TSXV, OTC: LQRCF) has completed a pole-dipole induced polarization (IP) survey at its 100%-owned Cupz Gold property in Nevada.
  • The survey identified a significant overlapping resistivity and chargeability anomaly within a gravity low, extending the known gold-mineralized zone.
  • The company has staked 33 federal lode claims covering 275 hectares (681 acres) at the Cupz property.
  • Rock chip samples indicate the presence of silver, copper, lead, arsenic, and antimony alongside gold, suggesting multiple mineralization events.

The big picture

Black Mammoth's Cupz discovery highlights the ongoing potential for grassroots exploration in Nevada’s historic mining districts. The identification of a large IP anomaly, coupled with multiple mineralization events, suggests a complex geological setting that could host significant gold and base metal resources. The company’s aggressive acquisition strategy, demonstrated by its portfolio of properties, indicates a focus on expanding its exploration footprint in the western US.

What we're watching

Drill Program
The success of the IP survey hinges on the company's ability to translate these anomalies into drill-defined resources, which will be crucial for investor confidence.
Mineralization Model
Further exploration is needed to fully understand the interplay between the felsic dikes and the base metal-dominant mineralization event, which could significantly impact resource estimates.
Regional Context
Given the property's location within the Walker Lane Mineral Belt, Black Mammoth's success at Cupz could attract further exploration interest and potentially unlock additional discoveries in the region.

Black Mammoth Metals Sees Early Warrant Exercise Boost Cash Reserves

Event summary

  • Black Mammoth Metals saw 6.2 million warrants exercised early between October 1, 2025, and March 5, 2026, generating $2.49 million in cash proceeds.
  • Insiders accounted for 4.66 million of the exercised warrants, bringing in $1.06 million.
  • The company currently has 340,500 warrants outstanding and a fully diluted share count of 48.69 million.
  • A total of 6.261 million warrants were exercised during the six-month period ending September 30, 2025.

The big picture

Black Mammoth Metals' early warrant exercise provides a near-term boost to its cash position, which is crucial for a junior mining company with a geographically diverse portfolio of exploration assets. The substantial insider participation signals a degree of confidence in the company's strategy, but the remaining warrant liability represents a potential overhang on the share price. The company's aggressive acquisition strategy since 2024 has resulted in a broad portfolio, and the ability to effectively explore and develop these assets will be critical to unlocking shareholder value.

What we're watching

Financial Runway
The influx of cash provides Black Mammoth with increased financial flexibility, but the remaining warrants outstanding represent potential future dilution.
Insider Alignment
The significant insider participation in the early warrant exercise suggests a degree of confidence in the company's future prospects, but also highlights potential incentives.
Exploration Pace
The additional capital will likely accelerate exploration and development activities across Black Mammoth's extensive portfolio of properties, but the efficiency of capital deployment will be key to value creation.

Black Mammoth Metals Identifies Expanded Copper Target Zone in Arizona

Event summary

  • Black Mammoth Metals has identified a 'Target Zone' at its Big Bear Copper property in Arizona, overlapping and expanding the previously known Historic Copper Zone.
  • The Target Zone was delineated through a pole-dipole induced polarization (IP) survey and a UAV magnetic survey, revealing a correlation between chargeability highs, resistivity highs, and a NW trending fault zone.
  • The company has staked 29 additional lode claims, bringing the total area of the Big Bear property to approximately 367 hectares (909 acres).
  • 2025 rock chip sampling confirmed 74 meters of vertical extent of the Historic Copper Zone.
  • The company's CEO is Dustin Henderson.

The big picture

Black Mammoth Metals' findings at Big Bear Copper represent a potentially significant development in Arizona's copper exploration landscape. The identification of a larger target zone, coupled with the company's broader portfolio of mineral properties, suggests a strategy focused on early-stage exploration and discovery. However, the success of this strategy is contingent on converting these initial geophysical anomalies into economically viable resources, a process that carries inherent geological and financial risks.

What we're watching

Drilling Results
The success of the IP and magnetic surveys hinges on subsequent drilling to confirm the extent and grade of mineralization within the newly identified Target Zone; initial drill results will be critical to assessing the potential of the expanded copper system.
Resource Potential
The company's assertion of a 'larger undiscovered copper system' requires validation; further exploration will need to demonstrate the scale and economic viability of the deposit beyond the Historic Copper Zone.
Expansion Costs
Continued claim staking and expanded exploration activities will increase operational expenses; investors should monitor Black Mammoth's ability to secure funding and manage costs effectively to support its exploration program.

Black Mammoth Metals Identifies Chargeability Anomaly Near Gold Zone in Nevada

Event summary

  • Black Mammoth Metals has identified a chargeability anomaly at the Happy Cat South target within the South Ravenswood property in Nevada.
  • The anomaly is coincident with a gravity high and located east of a 600-meter diameter gold mineralization zone, extending open to the north and south.
  • The company has staked 66 additional lode claims (approximately 551 hectares) on BLM land.
  • Previous exploration has confirmed a gold mineralization zone, but the source remains unidentified.

The big picture

The discovery of this geophysical anomaly at Happy Cat South represents a potentially significant development for Black Mammoth Metals, suggesting a possible new vector for gold exploration within the Rabbit Creek Gold Trend. The coincident gravity high and chargeability anomaly may indicate a deeper, structurally controlled mineralization system, which could expand the resource footprint beyond the currently known gold zone. Successful exploration at Happy Cat South could substantially increase the company’s value proposition in a region known for its gold potential.

What we're watching

Drill Targeting
The success of inversion modeling and subsequent drill targeting will be crucial in determining the extent and grade of the mineralization associated with the anomaly.
Exploration Budget
Given the open nature of the anomaly, Black Mammoth will need to allocate sufficient capital to expand the IP survey and conduct targeted drilling.
Mineralization Source
Whether the anomaly represents a previously unknown source of mineralization or is related to the existing, unexplained gold zone will significantly impact the project's potential.

Black Mammoth Metals Discovers High-Grade Silver Zone in Nevada

Event summary

  • Black Mammoth Metals has reported rock chip sampling results at its West Reveille Silver property in Nevada, yielding up to 2,610 g/t silver.
  • The mineralization is associated with contact zones between felsic volcanic rocks and Paleozoic sediments, extending over a 2 km strike length.
  • The acquisition of the West Reveille property from VR Resources Ltd. included a C$100,000 upfront payment and a C$25,000 final payment, along with a 3% NSR.
  • The discovery includes elevated concentrations of lead, zinc, copper, arsenic, and antimony, alongside a jasperoid zone with potential for Carlin-type deposits.

The big picture

Black Mammoth Metals' acquisition and initial exploration results at West Reveille highlight the ongoing interest in Nevada's historic silver districts. The discovery of high-grade mineralization, coupled with the potential for Carlin-style gold deposits, could significantly increase the property's value. The company's broader strategy of acquiring non-core exploration assets in the western US suggests a focus on opportunistic growth and leveraging early-stage exploration success.

What we're watching

Exploration Pace
The success of induced polarization (IP) surveys will be critical in defining the extent of the mineralization beneath the pyroclastic cover and in the pediment, potentially unlocking further value.
Royalty Impact
The 3% net smelter royalty (NSR) retained by VR Resources Ltd. will impact Black Mammoth's profitability and will need to be factored into any future development plans.
Carlin Potential
The presence of a jasperoid zone raises the possibility of Carlin-type gold mineralization, which could significantly expand the project's resource potential, but requires further investigation.

Black Mammoth Metals Secures Drilling Permits for Idaho Property

Event summary

  • Black Mammoth Metals has received final approval for drilling permits at its Leadore Silver-Lead-REE property in Idaho.
  • Up to 12 drill sites will be utilized, all on Bureau of Land Management (BLM) administered land.
  • The drilling aims to expand the known oxide mineralized area (silver-lead), test a sulfide target, and assess the extent of a placer REE layer.
  • Previous drilling in 2012 encountered significant silver-lead mineralization, which has not been followed up.

The big picture

Black Mammoth's Leadore property represents a strategic foothold in the increasingly important critical minerals space, particularly REEs. The project's location on BLM land simplifies permitting, but success hinges on the drill results validating the historical data and recent geophysical surveys. The company's broader acquisition strategy of non-core exploration interests suggests a focus on building a diversified portfolio of early-stage assets.

What we're watching

Drilling Results
The initial drill results will be critical in validating the extent and grade of the silver-lead and REE mineralization, and will likely drive near-term investor sentiment.
Sulfide Potential
The success of testing the sulfide target, identified by the IP survey, could significantly expand the resource base and alter the project's economics.
Regulatory Landscape
Continued permitting and operational approvals from the BLM will be essential for advancing the project, and any delays could impact the timeline and budget.

Black Mammoth Metals Identifies Geophysical Target at Newly Acquired Nevada Property

Event summary

  • Black Mammoth Metals acquired the Tom's Pediment Gold-Silver property in Lander County, Nevada, staking 87 lode claims covering 727 hectares (1797 acres).
  • The company completed a pole-dipole induced polarization (IP) survey, revealing a 2.3 square kilometer chargeability high coincident with gravity and resistivity anomalies.
  • The geophysical target is interpreted to be an extension of the Skookum Trend, adjacent to the historic Maloy Gold and Silver Mine.
  • The acquisition involved no finder's fees, royalties, or share compensation.

The big picture

Black Mammoth Metals' acquisition of the Tom's Pediment property underscores a continued trend of junior miners focusing on strategic land grabs in established mining districts. The company's aggressive acquisition strategy, evidenced by its portfolio of 15 properties since January 2024, suggests a bet on rising precious metals prices and a willingness to take on exploration risk. The identification of a significant geophysical target immediately following the acquisition provides an early catalyst for potential value creation, but hinges on successful drill results.

What we're watching

Drilling Plans
The speed with which Black Mammoth secures a BLM Notice of Intent will dictate the timeline for drill testing the identified geophysical target, and the market's immediate reaction to any initial findings.
Skookum Trend
Whether the geological interpretation linking the Tom's Pediment property to the Skookum Trend proves accurate will be critical to assessing the overall potential of the acquisition.
Regional Context
The success of Black Mammoth’s broader strategy of acquiring non-core exploration interests in the Western US will depend on its ability to identify and develop additional properties with similar geological promise.

Black Mammoth Metals Discovers Extensive IP Anomaly at Mustang Gold-Silver Property

Event summary

  • Black Mammoth Metals acquired the Mustang Gold and Silver property in Nye County, Nevada, staking 138 lode claims covering 2,778 acres.
  • The company completed a pole-dipole induced polarization (IP) survey, revealing a 1 square kilometer IP anomaly in the Southern Zone.
  • Historical drilling at Mustang yielded an intercept of 12.2m of 1.71g/t Au, including 7.6m of 2.56g/t Au.
  • The Mustang property is geologically analogous to the producing Paradise Peak gold-silver deposit, located 17 km to the northwest.

The big picture

Black Mammoth’s acquisition and initial exploration results at Mustang represent a strategic move to expand its portfolio of precious metals assets in Nevada’s Walker Lane trend, a region known for its gold and silver deposits. The discovery of a substantial IP anomaly, coupled with the property’s geological similarity to the past-producing Paradise Peak mine, suggests potential for a significant resource. However, the success of future exploration efforts will be crucial in realizing this potential and justifying the initial investment.

What we're watching

Exploration Pace
The success of the upcoming gravity survey will be critical in defining the next drilling targets and validating the IP anomaly’s potential.
Geologic Control
Further investigation is needed to determine the precise geological controls on the mineralization and whether the anomaly extends beyond the currently mapped area.
Paradise Peak
The extent to which mineralization at Mustang mirrors the characteristics and scale of the former Paradise Peak mine will be a key indicator of its overall economic potential.
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