None
SEDAR Interim Financial Statements
MOG · Price
[
{
"companyName": "Mogotes Metals Inc.",
"reportingPeriodEnd": "2026-02-28",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
"cash": 52881837,
"shortTermInvestments": 0,
"amountsReceivable": 170331,
"prepaidExpenses": 2121970,
"marketableSecurities": 811236,
"totalCurrentAssets": 55985374,
"vatRecoverable": 1488845,
"totalAssets": 57474219,
"accountsPayableAndAccruedLiabilities": 2538613,
"sharesToBeIssued": 0,
"totalLiabilities": 2538613,
"shareCapital": 61299687,
"shareBasedPayments": 1334211,
"warrants": 30048469,
"accumulatedOtherComprehensiveIncomeLoss": 94139,
"deficit": -37840900,
"totalShareholdersEquity": 54935606,
"totalShareholdersEquityAndLiabilities": 57474219,
"cashPerShare": 0.1227,
"workingCapitalPerShare": 0.1240
},
"incomeStatement": {
"explorationAndEvaluationExpenditures": 7286256,
"professionalFees": 89761,
"consulting": 98500,
"generalAndAdministrative": 325410,
"regulatoryFees": 56576,
"shareBasedPayments": 40546,
"investorRelations": 49876,
"directorsFees": 36000,
"totalExpenses": -7982925,
"foreignExchangeLossGain": -410404,
"interestIncome": 117655,
"fairValueChangesInMarketableSecurities": 115998,
"realizedGainOnMarketableSecurities": 238866,
"netLossForPeriod": -7920810,
"otherComprehensiveIncomeLossCurrencyTranslation": 377286,
"totalComprehensiveLoss": -7543524,
"basicAndDilutedNetLossPerShare": -0.02,
"weightedAverageNumberOfCommonSharesOutstanding": 431136061
},
"cashFlowStatement": {
"netLossForPeriod": -7920810,
"shareBasedPayments": 40546,
"sharesIssuedForPropertyAcquisition": 698950,
"fairValueChangesInMarketableSecurities": -115998,
"realizedGainOnMarketableSecurities": -238866,
"amountsReceivable": -43699,
"prepaidExpenses": -1682981,
"vatRecoverable": -565057,
"accountsPayableAndAccruedLiabilities": 1400550,
"netCashUsedInOperatingActivities": -8427365,
"shortTermInvestmentsRedeemed": 5000000,
"proceedsFromSaleOfMarketableSecurities": 320979,
"netCashProvidedByInvestingActivities": 5320979,
"unitsIssuedForCash": 38499993,
"unitsIssueCosts": -1174235,
"warrantsExercised": 209375,
"netCashProvidedByFinancingActivities": 37535133,
"netChangeInCash": 34428747,
"netEffectOfCurrencyTranslation": 377286,
"cashBeginningOfPeriod": 18075804,
"cashEndOfPeriod": 52881837,
"brokerWarrants": 674217,
"taxesPaidInCash": 0
},
"investmentsAndOtherAssets": [
{
"type": "Marketable Securities",
"description": "Golden Arrow Resources Corp. common shares and warrants",
"ownershipPercentage": null,
"value": 811236,
"notes": "Fair value adjustment $533,996. Cost $277,240. Warrants exercisable at $0.08 for 3 years from March 2025. Sold 3,913,000 common shares for proceeds $320,979 during period."
}
],
"shareStructure": {
"authorizedShares": "Unlimited",
"issuedShares": 520050813,
"classesOfShares": ["Common shares"],
"warrants": [
{ "number": 6720, "exercisePrice": 0.14, "expiryDate": "2026-03-26" },
{ "number": 54306902, "exercisePrice": 0.30, "expiryDate": "2027-01-31" },
{ "number": 17711250, "exercisePrice": 0.40, "expiryDate": "2027-06-16" },
{ "number": 37120000, "exercisePrice": 0.40, "expiryDate": "2027-07-04" },
{ "number": 600000, "exercisePrice": 0.40, "expiryDate": "2027-07-11" },
{ "number": 5399952, "exercisePrice": 0.10, "expiryDate": "2027-10-07" },
{ "number": 2156250, "exercisePrice": 0.32, "expiryDate": "2028-01-22" },
{ "number": 17906250, "exercisePrice": 0.53, "expiryDate": "2029-01-22" },
{ "number": 49646208, "exercisePrice": 0.53, "expiryDate": "2029-01-30" }
],
"options": [
{ "number": 5700000, "exercisePrice": 0.23, "expiryDate": "2026-05-06" },
{ "number": 600000, "exercisePrice": 0.30, "expiryDate": "2026-12-31" },
{ "number": 3400000, "exercisePrice": 0.31, "expiryDate": "2027-09-22" },
{ "number": 640000, "exercisePrice": 0.31, "expiryDate": "2027-10-17" }
],
"rightsConvertibleInstruments": null
},
"managementCompensation": {
"currency": "CAD",
"periods": {
"2026-02-28": {
"salary": null,
"bonus": null,
"shareBased": 0,
"directorsFees": 36000,
"consulting": 98500,
"professionalFees": 14562,
"explorationAndEvaluation": 271237,
"total": 420299
},
"2025-02-28": {
"salary": null,
"bonus": null,
"shareBased": 29341,
"directorsFees": 30000,
"consulting": 68000,
"professionalFees": 14690,
"explorationAndEvaluation": 31140,
"total": 173171
}
},
"namedIndividuals": [
{
"name": "Key Management Personnel (aggregate)",
"title": "Directors, CEO, CFO",
"period": "2026-02-28",
"components": {
"salary": 0,
"bonus": 0,
"other": 420299,
"total": 420299
}
},
{
"name": "Key Management Personnel (aggregate)",
"title": "Directors, CEO, CFO",
"period": "2025-02-28",
"components": {
"salary": 0,
"bonus": 0,
"other": 173171,
"total": 173171
}
}
],
"otherRelatedPartyTransactions": [
{
"counterparty": "Company associated with President and CEO",
"description": "Consulting fees",
"amount": 62500,
"period": "2026-02-28"
},
{
"counterparty": "Consulting group associated with a director",
"description": "Geological services fees",
"amount": 271237,
"period": "2026-02-28"
},
{
"counterparty": "Company associated with a director",
"description": "Consulting fees",
"amount": 36000,
"period": "2026-02-28"
},
{
"counterparty": "Marrelli Support Services Inc. (CFO)",
"description": "Professional fees",
"amount": 14562,
"period": "2026-02-28"
}
]
},
"subsequentEvents": [
{
"eventDate": "2026-04-10",
"description": "Granted 350,000 stock options to a director at $0.33 per share for 2 years.",
"impactValue": null
},
{
"eventDate": "2026-04-15",
"description": "Entered option-to-joint-venture with Kennecott Exploration Company for Copper Cliff Project, Montana. Mogotes can earn up to 60% interest through staged expenditures.",
"impactValue": null
},
{
"eventDate": "2026-04-20",
"description": "Issued 324,396 common shares valued at US$70,000 in connection with La Perla Uno a Diez agreement.",
"impactValue": null
},
{
"eventDate": "2026-02-27",
"description": "Beskauga Project option agreement signed; 2,685,322 common shares issued subsequent to period end as part of initial consideration.",
"impactValue": null
}
]
}
]
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