Mogotes Metals Announces Issuance of Common Shares Under Option Agreement

Rhea-AI Summary

Mogotes Metals (OTCQB:MOGMF) issued 324,396 common shares at $0.295 per share on April 20, 2026 under an option agreement dated July 29, 2025.

The issuance relates to the option to purchase 100% of the La Perla Uno a Diez mining concessions in Tierra Amarilla, Copiapó, Atacama Region. Shares are subject to a four-month-plus-one-day hold period and resale rules.

News Market Reaction – MOGMF

+2.23%

+2.23% Session close to close

In the Apr 20 session, MOGMF gained 2.23%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Toronto, Ontario--(Newsfile Corp. - April 20, 2026) - Mogotes Metals Inc. (TSXV: MOG) (FSE: OY4) (OTCQB: MOGMF) ("Mogotes", or the "Company") announces that, further to the Company's press releases of August 5, 2025 and September 4, 2025, the Company has issued an aggregate of 324,396 common shares (each, a "Common Share") in the capital of the Company at a price of $0.295 per Common Share pursuant to the terms of an option agreement dated July 29, 2025 with Ingenieria e Inversiones Cerro Dorado Limitada and Mogotes Metals Chile SPA, whereby the Company was granted an option to purchase 100% of certain mining concessions known as "La Perla Uno a Diez," located in the municipality of Tierra Amarilla, Province of Copiapó, Atacama Region.

The Common Shares will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.

About Mogotes Metals Inc.

Mogotes Metals Inc. is a mineral exploration company exploring for copper, gold and silver around the world, including in the United States of America, and in the prospective Vicuña district of Argentina and Chile. Mogotes flagship project, Filo Sur, adjoins the large Filo del Sol Copper-gold-silver discovery, and is along the same N-S trending belt as the Filo Del Sol – Aurora and NGEx Minerals Lunahuasi and Los Helados copper-gold deposits.

For further information, please contact:

Mogotes Metals Inc.
Allen Sabet, President and Chief Executive Officer
Phone: (647) 846-3313
Email: info@mogotesmetals.com

Follow Us

Twitter: https://x.com/mogotesmetals

Cautionary Note Regarding Forward-Looking Statements:

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains certain "forward-looking information" within the meaning of applicable securities laws. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/293408

FAQ

Why did Mogotes Metals (MOGMF) issue 324,396 shares on April 20, 2026?

The company issued the shares to satisfy terms of an option agreement dated July 29, 2025. According to the company, the shares were issued at $0.295 per share as part of the option consideration to acquire the La Perla Uno a Diez concessions.

How does the four-month-plus-one-day hold period affect MOGMF shares issued April 20, 2026?

The hold period restricts resale of the issued shares for four months plus one day. According to the company, the restriction follows Canadian resale rules and limits trading until the hold expires, reducing immediate liquidity for those shares.

What property is associated with the April 20, 2026 share issuance by Mogotes Metals (MOGMF)?

The issuance is tied to the option to acquire La Perla Uno a Diez mining concessions in Tierra Amarilla, Copiapó. According to the company, the option covers 100% of the specified concessions under the July 29, 2025 agreement.

At what price were Mogotes Metals (MOGMF) shares issued under the option agreement?

The company issued the shares at $0.295 per common share. According to the company, that price reflects the agreed consideration under the July 29, 2025 option agreement with the vendors.

Will the April 20, 2026 share issuance by Mogotes Metals (MOGMF) immediately dilute existing shareholders?

The issuance increases outstanding shares but resale is restricted for four months plus one day. According to the company, dilution depends on total shares outstanding; the notice states only the number and price of shares issued.