Mogotes Announces Final Approval in Connection with Private Placement of Units

Executive Summary

• Mogotes Metals received final TSX Venture Exchange approval for its non‑brokered private placement of 86,792,425 units at $0.265 per unit, targeting gross proceeds of $22,999,992.62.
• An initial tranche of $5,327,347.21 (20,103,197 units) has been released from escrow to the company on March 10, 2026.
• In accordance with the investor rights agreement, Carmel Daniele was appointed to Mogotes’ board of directors.

Key Details

• Offering size: 86,792,425 units at $0.265 per unit.
• Aggregate gross proceeds target: $22,999,992.62.
• Initial escrow release: $5,327,347.21 representing 20,103,197 units transferred to CD Capital Fund IV L.P. on March 10, 2026.
• Board appointment: Carmel Daniele (Founder & CIO of CD Capital) appointed as a director pursuant to the investor rights agreement with CD Capital.
• Investor background: CD Capital has raised ~US$1 billion across four private‑equity funds, focusing on minerals critical to data, green energy, and fertilizer sectors; projects span Peru, Argentina, Chile, Canada, Finland, Australia.
• Qualified Person disclosure: Scientific and technical information for the Filo Sur project reviewed and approved by Stephen Nano, Director & Technical Advisor (NI 43‑101 Qualified Person).
• Cautionary note: Information on adjacent properties (Filo del Sol) not verified; mineralization there is not indicative of Filo Sur.

Notable Quotes

(No direct quotes were provided in the release.)