Black Mammoth Metals Samples up to 717 g/t Silver with 210 g/t Average at Amador, NV
VANCOUVER, BC, July 22, 2025 /CNW/ - Black Mammoth Metals Corporation (TSXV: BMM) (OTC: LQRCF) ("Black Mammoth" or the "Company") is pleased to report assay results from the recently completed rock chip sampling program conducted at its Amador Silver property ("Amador" or the "Property") situated in Lander County, Nevada and is located on the west side of the Toiyabe Range, approximately 7.3 km (4.54 miles) north of the historic silver mining town of Austin.
The silver mineralization is hosted in a quartz vein shear which appears to have been developed along a contact zone of Devonian sediments (Slaven Chert) with plutonic intrusive. Previous operators have reported 3-to-12-meter drill intervals of significant silver mineralization, which have not been followed up to date. Black Mammoth's sampling program along the exposed quartz shear and from the nearby historic mining dumps consisted of 19 rock chip samples. A multi-element assay package was then used with the objective to confirm historical sample results and to assess the silver potential of the Property. As a result, the 19 rock samples had silver contents that averaged 210.3 g/t (6.76 oz/t), ranging from 1.7 g/t to 717 g/t (23.04 oz/t) (see Table 1 & Figure 1), accompanied by strong trace element contents with As up to 3350 ppm, as well as Sb (484 ppm) and Se (94.1 ppm) with most exposures near the historic mining locations and along the range-front (see Figures 2 & 3).
Based on the results of the new rock samples, estimated thickness and strike-length of the quartz vein shear, the Company is encouraged to continue with further exploration. Since additional silver mineralization is suspected to continue down-dip under cover to the east and can potentially be down dropped along the range-front fault in the west, the Company intends to conduct an induced polarization survey to determine the best locations for a first phase drilling program.
Acquisition Terms (in USD) and Claims Staking:
Black Mammoth optioned 5 federal mining claims covering the key ground at Amador (the "Option") from a private vendor in March 2024 by making an aggregate of $25,000 in cash payments (paid). These claims were considered a non-core asset, and they are now 100% owned by Black Mammoth. The Company has since staked additional claims at Amador with its' claims position now totaling approximately 172 hectares (425 acres). The Amador claims are administered by the Bureau of Land Management and the US Forestry Service.
There are no royalties, work commitment amounts, finder's fees or share compensation in connection with the Option.
The Company continues to acquire non-core exploration interests in the western US, by purchase and by staking.
About Black Mammoth Metals Corporation:
In the past 18 months, Black Mammoth Metals has acquired 100% interest in:
Big Bear Copper property, Gila County, AZ.
Zulu Gold property, Gila County, AZ.
Northern Star property, La Paz County, AZ.
Coal Canyon Gold property, Pershing County, NV.
Island Mountain Gold District (including Coleman Canyon, St. Elmo and Diamond Jim (Ag, Pb, Zn, Sb)), Elko County, NV.
Clover High-Grade Gold property, Elko County, NV.
Leadore Silver-Lead-Rare Earth Elements property, Lemhi County, ID.
East Reveille Gold property, Nye County, NV.
America Mine Gold property, San Bernardino, CA.
Quito Gold property, Lander County, NV.
South Ravenswood Gold District (including the Raven, and Happy Cat properties) Lander County, NV. (Happy Cat was purchased prior to 18 months ago).
Callaghan Gold District (including North Callaghan, Charlie, Cottonwood and Rast properties), Lander County, NV.
Black Mammoth also has a 100% interest in the Blanco Creek Gold property in the Elk Creek Mining District, central Idaho, which hosts three historic underground mines along 3,550 meters (11,644 feet) of strike on the north-east trending regional Blanco Shear Zone.
Quality Assurance/Quality Control:
All sampling is conducted under the supervision of the Company's project geologists and the samples are taken to the ALS Laboratory (ALS) in Reno or Elko, Nevada for preparation and analysis.
The ALS PREP-31 package was utilized for sample preparation. In this package, each sample is crushed to better than 70%, passing 2mm, then a 250-gram riffle split is then taken. This split is pulverized to a target of 85% passing 75 microns; and a 30-gram portion of this pulverized split is digested by Four Acids. A 41-element suite is run on the sample using the ALS ME-MS 41 multielement package. This method utilizes Aqua regia digestion followed by low detection ICP-MS (Induced Coupled Plasma) finish. Overlimit silver samples were processed using ALS' OG46 Aqua Regia digestion followed by ICP-AES analysis. ALS Laboratories have ISO 9001 and 17025 accreditations. Black Mammoth Metals Corp's QA/QC program includes regular insertion of CRM standards, duplicates and blanks into the sample stream with a stringent review of all results. ALS also undertakes their own internal coarse and pulp duplicate analysis to ensure proper sample preparation and equipment calibration
Mark J. Abrams, CPG #11451, a Qualified Person as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects (" NI 43-101") and director of Black Mammoth, has reviewed and approved the technical content in this release.
On behalf of the board,
"Dustin Henderson"
Dustin Henderson, BBA
President & CEO
Website: www.blackmammothmetals.com
This press release contains forward-looking statements and forward-looking information (collectively, "forward looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical fact, included herein, including statements regarding the Company's completion of the Transaction and related transactions are forward-looking statements. Forward-looking statements are typically identified by words such as believe, expect, anticipate, intend, estimate, postulate and similar expressions or are those which, by their nature, refer to future events. Although the Company believes that such statements are reasonable, there can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future performance, and that actual results may differ materially from those in forward-looking statements. Important factors that could cause actual events and results to differ materially from the Company's expectations include that the requisite corporate and TSXV for the Transaction may not be obtained; that the Company or IDA Mining, as applicable, may be unable to satisfy any or all closing conditions necessary for the completion of the Transaction; and other risks that are customary to transactions of this nature. Trading in the securities of the Company should be considered highly speculative. All the Company's public disclosure filings may be accessed via www.sedarplus.ca and readers are urged to review these materials, including the latest technical reports filed with respect to the Company's mineral properties.
Neither 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.
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Condensed Consolidated Statements of Income (thousands of US dollars, except per share amounts) (unaudited) Quarter Ended Year-To-Date Ended June 29 June 30 June 29 June 30 2025 2024 2025 2024 Revenue 272,800 283,496 557,602 560,279 Cost of sales (192,594) (191,431) (388,851) (382,022) Gross profit 80,206 92,065 168,751 178,257 Sales, marketing and distribution expenses (23,992) (24,418) (48,315) (49,067) General and administrative expenses (13,646) (12,414) (26,235) (25,134) Research and technical expenses (5,764) (5,435) (11,342) (10,731) Pre-production expenses (127) - (280) - Other income (expenses) 1,056 (1,730) (312) (2,009) Income from operations 37,733 48,068 82,267 91,316 Finance income 3,754 7,094 7,889 14,628 Finance expense (1,074) (1,162) (2,449) (2,522) Income before income taxes 40,413 54,000 87,707 103,422 Income tax expense (10,474) (14,981) (23,323) (28,628) Net income for the period 29,939 39,019 64,384 74,794 Attributable to: Equity holders of the Company 30,205 38,825 64,781 74,347 Non-controlling interests (266) 194 (397) 447 29,939 39,019 64,384 74,794 Basic and diluted earnings per share - cents 49 61 105 116 Condensed Consolidated Statements of Comprehensive Income (thousands of US dollars) (unaudited) Quarter Ended Year-To-Date Ended June 29 June 30 June 29 June 30 2025 2024 2025 2024 Net income for the period 29,939 39,019 64,384 74,794 Items that will not be reclassified to the statements of income: Cash flow hedge (losses) gains recognized - (354) 57 (1,160) Cash flow hedge losses transferred to property, plant and equipment - 115 378 64 - (239) 435 (1,096) Items that are or may be reclassified subsequently to the statements of income: Cash flow hedge gains (losses) recognized 2,540 (508) 2,832 (1,563) Cash flow hedge losses transferred to the statements of income 734 344 1,580 352 Income tax effect (876) 44 (1,181) 324 2,398 (120) 3,231 (887) Other comprehensive income (loss) for the period - net of income tax 2,398 (359) 3,666 (1,983) Comprehensive income for the period 32,337 38,660 68,050 72,811 Attributable to: Equity holders of the Company 32,603 38,466 68,447 72,364 Non-controlling interests (266) 194 (397) 447 32,337 38,660 68,050 72,811 Winpak Ltd. Condensed Consolidated Statements of Changes in Equity (thousands of US dollars) (unaudited) Attributable to equity holders of the Company Non- Share Retained controlling capital Reserves earnings Total interests Total equity Balance at January 1, 2024 29,195 1,361 1,319,491 1,350,047 33,602 1,383,649 Comprehensive (loss) income for the period Cash flow hedge losses, net of tax - (2,305) - (2,305) - (2,305) Cash flow hedge losses transferred to the statements of income, net of tax - 258 - 258 - 258 Cash flow hedge losses transferred to property, plant and equipment - 64 - 64 - 64 Other comprehensive loss - (1,983) - (1,983) - (1,983) Net income for the period - - 74,347 74,347 447 74,794 Comprehensive (loss) income for the period - (1,983) 74,347 72,364 447 72,811 Dividends - - (2,818) (2,818) - (2,818) Repurchase of common shares (876) - (63,250) (64,126) - (64,126) Balance at June 30, 2024 28,319 (622) 1,327,770 1,355,467 34,049 1,389,516 Balance at December 30, 2024 27,735 (3,174) 1,224,097 1,248,658 35,216 1,283,874 Comprehensive income (loss) for the period Cash flow hedge gains, net of tax - 2,131 - 2,131 - 2,131 Cash flow hedge losses transferred to the statements of income, net of tax - 1,157 - 1,157 - 1,157 Cash flow hedge losses transferred to property, plant and equipment - 378 - 378 - 378 Other comprehensive income - 3,666 - 3,666 - 3,666 Net income (loss) for the period - - 64,781 64,781 (397) 64,384 Comprehensive income (loss) for the period - 3,666 64,781 68,447 (397) 68,050 Dividends - - (4,400) (4,400) - (4,400) Repurchase of common shares (320) - (20,106) (20,426) - (20,426) Balance at June 29, 2025 27,415 492 1,264,372 1,292,279 34,819 1,327,098 Winpak Ltd. Condensed Consolidated Statements of Cash Flows (thousands of US dollars) (unaudited) Quarter Ended Year-To-Date Ended June 29 June 30 June 29 June 30 2025 2024 2025 2024 Cash provided by (used in): Operating activities: Net income for the period 29,939 39,019 64,384 74,794 Items not involving cash: Depreciation 13,507 13,086 27,193 25,766 Amortization - deferred income (499) (426) (965) (844) Amortization - intangible assets 346 387 696 778 Employee defined benefit plan expenses 676 697 1,357 1,356 Net finance income (2,680) (5,932) (5,440) (12,106) Income tax expense 10,474 14,981 23,323 28,628 Other (949) (652) (1,311) (1,017) Cash flow from operating activities before the following 50,814 61,160 109,237 117,355 Change in working capital: Trade and other receivables 5,747 (12,509) 6,801 (7,131) Inventories (10,153) (9,951) (20,335) (7,320) Prepaid expenses (346) 1,754 (2,879) 159 Trade payables and other liabilities 2,443 (1,180) (5,140) 10,995 Contract liabilities 370 391 (181) (528) Employee defined benefit plan contributions (1,220) (19) (1,238) (1,174) Income tax paid (15,921) (23,803) (30,900) (34,598) Interest received 3,637 6,686 7,443 14,078 Interest paid (973) (1,062) (2,204) (2,328) Net cash from operating activities 34,398 21,467 60,604 89,508 Investing activities: Acquisition of property, plant and equipment - net (26,537) (27,086) (45,934) (74,429) Acquisition of intangible assets (151) (9) (419) (32) (26,688) (27,095) (46,353) (74,461) Financing activities: Payment of lease liabilities (509) (402) (911) (799) Dividends paid (2,155) (1,436) (135,399) (2,907) Repurchase of common shares (5,474) (56,567) (19,172) (62,878) (8,138) (58,405) (155,482) (66,584) Change in cash and cash equivalents (428) (64,033) (141,231) (51,537) Cash and cash equivalents, beginning of period 356,458 554,366 497,261 541,870 Cash and cash equivalents, end of period 356,030 490,333 356,030 490,333 SOURCE Winpak Ltd.
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- The Market Online
Clean tech innovation working toward commercial potential
HPQ Silicon (TSXV:HPQ) recently announced a major technical milestone from its Fumed Silica Reactor pilot project The company's plasma-based process eliminates toxic reagents and significantly reduces CO₂ emissions compared to traditional methods This could be a critical step as HPQ transitions from lab-scale to semi-continuous pilot-scale manufacturing, with Phase 2 testing set to begin in August 2025 HPQ Silicon stock (TSXV:HPQ) opened trading at C$0.15 Critical materials technology company HPQ Silicon (TSXV:HPQ) is working to build a name for itself in the advanced materials space. This content has been prepared as part of a partnership with HPQ Silicon Inc. and is intended for informational purposes only. The company recently announced a major technical milestone from its Fumed Silica Reactor pilot project, developed in partnership with its technology supplier, Pyrogenesis (TSX:PYR), Independent Scanning Electron Microscope analysis confirmed that materials produced during Phase 1 testing: Match the morphology of commercial-grade fumed silica Show improved particle consistency Indicate strong potential to replicate lab-scale surface area performance at pilot scale This could be a critical step as HPQ transitions from lab-scale to semi-continuous pilot-scale manufacturing, with Phase 2 testing set to begin in August 2025. The company's plasma-based process eliminates toxic reagents and significantly reduces CO₂ emissions compared to traditional methods, positioning HPQ as a sustainable disruptor in a market projected to reach US$3.54 billion by 2029. 'These SEM results are a strong technical validation of our Fumed Silica Reactor's scalability,' Bernard Tourillon, president and CEO of HPQ Silicon and HPQ Silica Polvere said in a news release. 'They show we're not only reproducing the lab-scale properties at a larger scale, but we're doing so with improved process control and material quality. This sets the stage for Phase 2, where we aim to match—and eventually surpass—the performance of conventional commercial fumed silica, while doing it more cleanly, efficiently, and with fewer emissions.' The Fumed Silica Reactor's ability to produce material while using 86 per cent less energy compared to competing technology sets it up to claim a potentially significant share of a US$1.5 billion market. HPQ Silicon is a Canadian green technology stock focused on producing the critical materials needed to reach net-zero emissions. The company's efforts are centred on fumed silica, high-purity silicon, silicon-based anode materials for battery applications and on-demand hydrogen production. HPQ Silicon stock (TSXV:HPQ) opened trading at C$0.15. The stock has given back 34.78 per cent since the year began. Join the discussion: Find out what the Bullboards are saying about HPQ Silicon Inc. and check out Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
