MOGOTES METALS INC. Aktie

Mogotes Metals received final approval for an unbrokered private placement of 86,792,425 units at USD 0.265 each, raising roughly USD 23 million in gross proceeds. From the sale, USD 5.3 million was released from the trust account to the CD Capital Fund IV. Under the investors’ agreement, Carmel Daniele, founder and CIO of CD Capital, was appointed to the board; the capital strengthens the exploration company's liquidity position. » Plus sur de.investing.com

Mogotes Metals has signed an option agreement to acquire 100% of the Beskauga copper‑gold‑silver porphyry project in Pavlodar province. The takeover can be completed via staged payments totaling US$24.7m within three years (including an initial payment of US$2.5m, annual payments of US$1m in 2027–2029 and a final payment of US$19.2m by 8 Feb 2029), with up to US$7.5m payable in shares. The 2022 NI 43‑101 resource estimate reports 111.2 Mt (indicated) at 0.30% Cu and 0.49 g/t Au and 92.6 Mt (inferred) at 0.24% Cu and 0.50 g/t Au; Mogotes must spend at least US$860,000 on exploration during the option period and prepare a mining‑licence application by 1 Jan 2027. The acquisition represents about 11% of a market capitalisation of US$224m; the stock trades near its 52‑week high, but the company remains unprofitable despite a positive liquidity position. » Plus sur de.investing.com

Mogotes Metals will raise gross proceeds of up to CAD 4 million by issuing up to 12.5 million units at CAD 0.32 each. Each unit consists of one common share and one-half of a warrant; one full warrant entitles the holder to purchase one common share at CAD 0.53 within three years. The proceeds will be used for general corporate and working capital purposes; the offering is subject to a four-month hold period in Canada/USA and to regulatory approvals including the TSX Venture Exchange. The company currently reports more cash than debt and very high liquidity. » Plus sur de.investing.com