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Mogotes Metals (OTCQB:MOGMF) has announced the granting of stock options to company insiders and consultants. The company has issued 3,535,000 stock options with an exercise price of $0.31 per share. The options have a two-year exercise period and the resulting shares will be subject to a four-month holding period from the grant date.
Mogotes Metals (OTCQB: MOGMF) has provided clarification regarding its option agreement dated July 29, 2025, to acquire 100% of the "La Perla Uno a Diez" mining concessions in Chile's Atacama Region. The agreement includes cash payments of US$200,000 over four years and share issuances starting with 411,764 common shares at $0.20 per share, followed by four annual share issuances each valued at US$70,000.
The share issuance price will be the greater of the closing price before announcement or $0.20 per share. If shares trade below the minimum price, adjustments will be made, with any shortfall payable in cash at Mogotes Chile's option.
Mogotes Metals (OTCQB: MOGMF) has announced significant findings from integrated 3D geophysical modeling at its Filo Sur project. The company has identified multiple large-scale anomalies, including the Los Mogotes target located 2.5km south of the BHP/Lundin Filo Del Sol resource, featuring a 1600m x 800m footprint.
The study revealed three major targets: Los Mogotes (porphyry copper target), Meseta (high sulfidation epithermal gold-silver target), and Cuenca (epithermal gold-silver target). Additionally, the company entered into an option agreement to purchase the La Perla mining concessions for USD$550,000 and 2,008,270 common shares.
The company has also engaged multiple investor relations firms including Torrey Hills Capital, Oak Hill Financial, and amended its agreement with Senergy Communications Capital.FAQ
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