Mogotes Metals Reports CD Capital Rights Exercise to Lift Stake to 19.9%

Mogotes Metals Inc. announced that, pursuant to an investor rights agreement with CD Capital Fund IV L.P. dated June 2, 2025, CD Capital has provided notice that it intends to exercise its right to subscribe for common shares in the capital of the company to increase its ownership interest to 19.9% on a partially diluted basis. The additional subscription is for up to 31,000,000 common shares at a price of $0.49 per common share, for total proceeds to the company of $15,190,000. Closing remains subject to certain conditions, including the receipt of all necessary regulatory and other approvals.

Company Overview

Mogotes Metals (TSXV: MOG | FSE: OY4 | OTCQB: MOGMF) is a mineral exploration company advancing the Filo Sur project in the Vicuña district spanning Argentina and Chile, one of the copper-gold-silver belts targeted by major mining companies. The company is headquartered in Toronto, Ontario.

The Additional Subscription

Under the terms of the investor rights agreement, CD Capital has notified Mogotes that it intends to exercise its right to subscribe for common shares to raise its ownership interest to 19.9% on a partially diluted basis. The additional subscription covers up to 31,000,000 common shares at a price of $0.49 per common share, representing total proceeds to the company of $15,190,000.

The common shares issued pursuant to the additional subscription will be subject to a hold period of 4 months plus a day from the date of issuance and to the resale rules of applicable securities legislation.

Next Steps

Closing of the additional subscription is subject to certain conditions, including the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.