Mogotes Metals updates terms of La Perla option deal

Executive Summary

• Mogotes Metals Inc. disclosed the detailed payment schedule and share‑issuance mechanics for its option to acquire 100 % of the La Perla Uno a Diez mining concessions from Ingenieria e Inversiones Cerro Dorado Ltd.
• The company will make cash payments totaling US$200,000 over four years and issue common shares valued at US$70,000 annually through 2029, using a minimum share price floor of C$0.20 (or the market closing price, whichever is higher).
• Adjustments to the number of shares issued will be made if the market price falls below the minimum price, with any shortfall payable in cash or at Mogotes Chile’s discretion.

Key Details

• Option Agreement Date: Effective July 29 2025.
• Concessions Covered: La Perla Uno a Diez mining concessions, Tierra Amarilla, Copiapó Province, Atacama Region (Chile).
• Cash Payments: US$200,000 total, payable to the optionor over four years.
• Share Issuance Schedule:
• By July 25 2025 – 411,764 common shares at a price of C$0.20 per share.
• By July 29 2026 – Shares equal to US$70,000.
• By July 29 2027 – Shares equal to US$70,000.
• By July 29 2028 – Shares equal to US$70,000.
• By July 29 2029 – Shares equal to US$70,000.
• Pricing Mechanism: Number of shares calculated using the Bank of Canada exchange rate on the date immediately before issuance; share price taken as the greater of (i) the closing market price prior to payment announcement or (ii) C$0.20 per share.
• Adjustment Clause: If the market price is below C$0.20 at the time of a payment announcement, the number of shares will be increased so that the total value equals the required US$70,000 payment at the minimum price. Any residual shortfall may be settled in cash or at Mogotes Chile’s option.
• Purpose: To satisfy the purchase option for full ownership of the La Perla Uno a Diez concessions.

Notable Quotes

(No executive quotes were provided in the release.)