Mogotes Launches C$19M Private Placement and Welcomes CD Capital

On January 5, 2026, Mogotes Metals Inc. announced a C$19 million non-brokered private placement led by CD Capital Fund IV L.P. The financing consists of 71,698,113 units at C$0.265 per unit. Each unit includes one common share and one-half of one common share purchase warrant, exercisable at C$0.53 for 36 months.

Crucially, CD Capital will receive significant investor rights, including a board seat (filled by Carmel Daniele), pre-emptive rights to maintain ownership (if above 5%), and a five-year option to increase their stake to 19.9%. The proceeds are earmarked for general corporate purposes and working capital, effectively funding the company's aggressive exploration programs in the Vicuña district.

This is a high-impact material event for several reasons: - Tier-1 Endorsement: CD Capital is a sophisticated resource-focused private equity fund. Their entry, following the Braun family’s major investment in mid-2025, validates the geological potential of the Filo Sur project. - Capital Sufficiency: Combined with the C$22.24 million raised in July/August 2025, Mogotes has now secured over C$40 million in less than 12 months. This removes any near-term "going concern" risk and allows management to focus entirely on the drill bit without needing to return to the market in a weak environment. - Valuation Benchmarking: The financing price of C$0.265 is a discount to the recent market close of C$0.33, which is typical for a raise of this magnitude, but the C$0.53 warrant exercise price suggests a significant internal valuation target. - Governance Shift: The appointment of Carmel Daniele brings institutional-grade oversight to the board, which often precedes major M&A activity or project development phases.

Mogotes Metals is focused on the Filo Sur Project, which covers ~10,000 hectares in the Vicuña District (Argentina/Chile). The project is strategically located directly south and on-trend with the world-class Filo del Sol (BHP/Lundin) copper-gold-silver deposit. - Key Targets: - Los Mogotes: Porphyry Cu target with 1,600m x 800m geophysical anomaly. - Meseta: High-sulfidation epithermal (HSE) Au-Ag target. - Cruz del Sur & Stockwork Hills: Current drilling focus with confirmed mineralization in surface trenches.