Mogotes Metals Announces Acquisition of 100% of Argentina Land Package and Grant of Options

Executive Summary

• Mogotes Metals issued 4,687,500 common shares to Golden Arrow Resources at $0.32 per share to complete the acquisition of 100% of the Filo Sur project.
• The transaction includes a 1.5% net smelter‑returns royalty to Golden Arrow, with Mogotes retaining an option to purchase down to a 1% royalty for $2 million.
• Concurrently, Mogotes granted 640,000 stock options (exercise price $0.31) to employees and consultants, exercisable over two years with a four‑month hold period.

Key Details

• Equity Issuance: 4,687,500 common shares issued at $0.32 per share (15‑day VWAP on TSX Venture).
• Acquisition Target: 100% interest in the Filo Sur property in Argentina/Chile.
• Royalty Arrangement: 1.5% net smelter returns royalty granted to Golden Arrow; Mogotes may repurchase 0.5% of the royalty for $2 M, reducing it to 1%.
• Reference Documents: Prior press releases dated February 11 2025 and March 26 2025 (available on SEDAR+).
• Stock Option Grant: 640,000 options at an exercise price of $0.31 per share; term of two years; four‑month post‑grant hold period.

Notable Quotes

(No direct quotes were provided in the release.)