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Why Mammoth Minerals Is Betting Big on US Gold, Selling Paterson for $3.1M

8:54am on Thursday 4th of September, 2025 AEST Mining
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Why Mammoth Minerals Is Betting Big on US Gold, Selling Paterson for $3.1M

8:54am on Thursday 4th of September, 2025 AEST
Key Points
  • Sale of 90% interest in Paterson Project to Cloudbreak Discovery PLC
  • Consideration of AUD 3.1 million via issuance of 300 million Cloudbreak shares
  • Mammoth retains 10% free-carried interest until positive feasibility study completion
  • Mammoth becomes 17% shareholder in Cloudbreak post-transaction
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