Mogotes Metals Announce Major Gold Discovery

Mogotes Metals (TSX.V: MOG)

Announced partial laboratory assay results from diamond drillhole FS_DDH_016 at the Company’s flagship Filo Sur project in Argentina, immediately along strike from BHP and Lundin Mining’s Filo del Sol copper-gold-silver discovery.

Assays received for the first 194 m within the 464 m deep hole confirm a continuous zone starting from 108 m depth of near surface, high-grade copper-gold-silver.

 

 

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Magotes Metals

Mogotes Metals Filo Sur vista – Credits Mogotes Metals

 

 

 

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Mogotes Metals TSX.V: MOG
Stage Exploration / Development
Metals Gold – Silver – Copper
Market cap C$254m @ C$0.49
Location Argentina / Chile
Website www.mogotesmetals.com

 

 

 

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High-grade, Shallow, Copper-Gold-Silver-Molybdenum Discovery in Drill Intercept at Filo Sur Project, Vicuña District, reported by Mogotes Metals

 

 

High-grade, Shallow, Copper-Gold-Silver-Molybdenum Discovery in Drill Intercept at Albor

Toronto, Ontario – May 14, 2026 – Mogotes Metals Inc. (TSXV: MOG, FSE: OY4, OTCQB: MOGMF) (“Mogotes”, or the “Company”) is pleased to announce partial laboratory assay results from diamond drillhole FS_DDH_016 at the Company’s flagship Filo Sur project in Argentina, immediately along strike from BHP and Lundin Mining’s Filo del Sol copper-gold-silver discovery¹.

Assays received for the first 194 m within the 464 m deep hole confirm a continuous zone starting from 108 m depth of near surface, high-grade copper-gold-silver-molybdenum mineralization within chalcopyrite – bornite – covellite bearing breccias, stockwork and dissemination within the altered porphyry matrix.  

Mogotes geologists have noted strong parallels with the characteristics of mineralization in hole FS_DDH_016 and those reported from the nearby Filo del Sol deposit2.

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Highlights

·      86 m at 0.7% Cu, 0.55 g/t Au, 2.7 g/t Ag & 169 ppm Mo from 108 m to 194 m down hole to end of assays received to date.

o  Including 43 m at 1.1% Cu, 0.82 g/t Au, 4.0 g/t Ag & 281 ppm Mo from 111 m

o  Reported interval ends in mineralization

o  Assays for the remaining 270 m of the hole are pending.

 

·     Shallow high-grade copper, gold, silver and molybdenum mineralization: mineralization starts at 108 m down hole, and trenching results along strike at surface indicate that mineralization projects to surface beneath a thin scree cover that may also be concealing a larger mineralized target.

·    Generally low levels of arsenic for the Vicuña district: Arsenic levels are typically low (median for this interval is 2 ppm As) within this mineralized interval with only specific narrow structures with elevated arsenic indicating the local presence of the copper-bearing epithermal mineral enargite.

·      Larger mineral system at play:The newly identified “Albor” target is part of a 3.5 km long Mogotes (Meseta – Luz del Sol – Cumbre – Albor) Miocene age target trend aligned within the regional scale, transorogen, Macho Muerto Fault Zone. Observed multistage alteration and mineralization features in the drill core suggest association with a larger Cu-Au-Ag-Mo mineral system.

·       “Albor” is thesecond copper-gold-silver-molybdenum discoveryby Mogotes in its inaugural drilling season at Filo Sur (see Cruz del Sur press release) and is part of the large Luz del Sol target trend where drill results are pending for a number of holes drilled in the 2025-2026 exploration season.

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 Figure 1: Core from 125.75m (FS_DDH_016), 125-126m assays at1.67% Cu, 1.62 g/t Au, 1.69 g/t Ag, 685 ppm Mo

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CEO Comment

Allen Sabet, President and CEO of Mogotes, commented:

“In our first fully funded drill season at Filo Sur we have now made two significant copper-gold-silver-molybdenum discoveries at Cruz del Sur and at the Albor target, where we have just scratched the surface of something we believe will be significant.

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This partial assay release from Albor is a first hole into a shallow and high-grade copper-gold-silver-molybdenum system, strategically located adjacent to the large Vicuña district deposits, where BHP and Lundin Mining are developing the Josemaria copper-gold porphyry and evaluating development options for the very large Filo del Sol deposit.

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As this style of mineralization has implications for the broader Vicuña district, we felt it prudent to release partial results for FS_DDH_016 as received.

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We continue to be humbled by the geological endowment of this very special part of the world and are grateful for the continued support of our patient shareholders. Stay tuned for more!”

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To read the full news release please click HERE

 

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To see the latest share price and chart, please click HERE

..To View Mogote Metals’ historical news, please click here

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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=======

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Mogotes Metals.

.

To read our full terms and conditions, please click HERE




Mining Review 10th May 2026

Mining Review 10th May 2026

Mogotes Metals and Barton Gold released impressive drill results this week.

G Mining Ventures confirmed its Oko West construction is running on time and on budget in Guyana.

 

 

 

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City Investors Circle

 

 

 

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City Investors Circle Mining Review 10th May 2026

 

 

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Mogotes Metals and Barton Gold released impressive drill results this week.

G Mining Ventures confirmed its Oko West construction is running on time and on budget in Guyana.

Catalyst Metals reported infill drilling results around the ende of its current resource.

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Significant news from our watchlist companies for the last week is listed below, please click on the link to be taken to the full story.

 

 Catalyst Metals Extended the  Gold Mineralisation at Trident

  Silver Storm Mobilizes Underground Mine Development Contractors at La Parrilla

  G Mining Ventures on Track and on Budget for Oko West Construction

  Barton Gold’s Tolmer Yielded >100,000 g/t Silver Trial Gravity Concentrate

  G2 Goldfields Extended High-Grade OKO Resource, Intercepts 84.5m @ 3.0 g/t Au

  Mogotes Metals Drilling Found Large-Scale, Shallow Gold-Copper System

  Mining Review 3rd May 2026

 

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Market Data

Weekly Price Changes

(US$ unless stated)

 

Metal Prices 100526 Weekly % change
Gold price in UK £ 3461 1.76%
Gold in AUD$ 6502 1.48%
Gold 4722 2.30%
Silver 80.4 6.63%
Palladium 1475 -4.65%
Platinum 2022 0.75%
Rhodium 10100 1.00%
Copper 6.24 5.41%
Nickel 8.58 -2.17%
Zinc 1.56 2.63%
Tin 22.33 0.04%
Cobalt 25.53 0.00%
Lithium 27116 9.25%
Uranium 86.25 -0.69%
Iron Ore 110 2.80%
Coking Coal 240 2.13%
Thermal coal 134 -2.90%

Click HERE for live Spot Metal Prices 

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City Investors Circle is based in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non-deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please emailandrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Declaration

The writer may hold shares in some or all of the companies mentioned in this article.

To read our full terms and conditions, please click HERE




Mogotes Metals Drilling Finds Large-Scale, Shallow Gold-Copper System

Mogotes Metals (TSX.V: MOG)

Announced the discovery of a large, shallow gold breccia system and an underlying gold-copper-molybdenum porphyry at its Cruz del Sur target, part of the Filo Sur project in Argentina’s Vicuña district.

 

 

 

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Mogotes Metals TSX.V: MOG
Stage Exploration / Development
Metals Gold – Silver – Copper
Market cap C$134m @ C$0.22
Location Argentina / Chile
Website www.mogotesmetals.com

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Vicuña Update: Initial Drilling Finds Large-Scale, Shallow Gold-Copper System

 

May 1, 2026 – Mogotes Metals Inc. (TSXV: MOG, FSE:OY4, OTCQB: MOGMF) (“Mogotes”, or the “Company”) is pleased to announce the discovery of a large, shallow gold breccia system and an underlying gold-copper-molybdenum porphyry at its Cruz del Sur target, part of the Filo Sur project in Argentina’s Vicuña district.

The system spans a 4.0 x 0.5 km geophysical footprint, sits at a lower elevation relative to other targets, is largely concealed by thin cover and remains open in all directions and at depth.

This release presents results from the Cruz del Sur and Stockwork Hills prospects (figures 1-3). Drilling continues at the prospective northern Luz del Sol – Meseta target cluster (figure 4) and will proceed as long as the season permits, with assays from this area anticipated in June.

 

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Highlights

• New near-surface gold-zinc breccia discovery:24 m at 1.01 g/t Au(FS_DDH_007) within120 m at 0.52 g/t Aufrom just 24 m depth

• Underlying gold-copper porphyry confirmed:62 m at 0.62 g/t Au and 800 ppm Cu(FS_DDH_006) within a 258 m interval at 0.36 g/t Au and 744ppm Cu

• Copper grades improving with depth, pointing to higher-grade potential below current drill coverage

• Only a fraction of the largely gravel covered, 4.0 x 0.5 km target footprint has been tested and the system is open along strike and at depth.

 

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Drilling Ongoing at Northern Targets

The drilling program continues at the Luz del Sol – Meseta target cluster to the south of the BHP – Lundin Filo del Sol copper-gold-silver deposit (see figure below). The rigs are drilling at the priority Luz del Sol target, where the Mogotes team has logged encouraging geological features. Assays are expected to be reported in June, subject to laboratory timelines.

 

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Allen Sabet, President and CEO, commented:

“These results mark a genuine discovery – a system we tracked from geophysics through to drill confirmation. Cruz del Sur is large, shallow, and accessible, and it remains open in every direction and at depth.

 

“While these initial intercepts are early-stage, the scale of the footprint and the way copper grades strengthen with depth give us a clear roadmap: chase higher-grade gold in the near-surface breccia, and test the porphyry where the geophysics suggests stronger copper at depth.

 

“In parallel, our rigs are turning at Luz del Sol in the north, where the geology so far is encouraging. Those assays are expected in June.

 

“We have plenty of running room across this large land package and its now clear that there are multiple mineralizing events at play here in the Filo Sur project.”

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To read the full news release please click HERE

 

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To see the latest share price and chart, please click HERE

..To View Mogote Metals’ historical news, please click here

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Mogotes Metals.

.

To read our full terms and conditions, please click HERE




Mogotes Metals Drilling Update at Filo Sur

Mogotes Metals Inc. (TSX.V: MOG)

Announced that four drill rigs are currently drilling multiple porphyry and epithermal targets at the Company’s Mogotes Filo Sur project, that adjoins the southern limit of the large BHP / Lundin Filo Del Sol Copper-Gold-Silver resource in the Vicuña district.

 

 

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Magotes Metals

Mogotes Metals Filo Sur vista – Credits Mogotes Metals

 

 

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Mogotes Metals TSX.V: MOG
Stage Exploration / Development
Metals Gold – Silver – Copper
Market cap C$134m @ C$0.33
Location Argentina / Chile
Website www.mogotesmetals.com

 

 

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Mogotes Metals Drilling Update at Filo Sur Project – 4 Rigs Drilling Multiple Porphyry and Epithermal Targets in the Vicuña District, Argentina-Chile

‍Drilling Update at Filo Sur Project – 4 Rigs Drilling Multiple Porphyry and Epithermal Targets in the Vicuña District, Argentina-Chile

 

April 8, 2026Mogotes Metals Inc. (TSXV: MOG, FSE:OY4, OTCQB: MOGMF) (“Mogotes”, or the “Company”) is pleased to announce that four drill rigs are currently drilling multiple porphyry and epithermal targets at the Company’s Mogotes Filo Sur project, that adjoins the southern limit of the large BHP / Lundin Filo Del Sol Copper-Gold-Silver resource in the Vicuña district1.(Figure 1).

 

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CEO of Mogotes Allen Sabet commented:

“Four rigs are now drilling simultaneously on both sides of the border, the largest program we’ve undertaken at Filo Sur and a step-change for the Company.

 

“Two rigs are testing large scale porphyry and high sulfidation targets at our priority Luz del Sol prospect in Chile, while the remaining two rigs simultaneously test targets on the Argentine side.

 

“Our integrated geophysical modelling has identified a 3.25 kilometre conductive trend at Luz del Sol that we believe may represent a porphyry system in the prospective Vicuña district.

 

“We are fully funded through this field season and expect to begin reporting initial assay results from the southern targets within the coming weeks, with Luz del Sol results to follow as drilling progresses.”

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Update on pending results

Initial results from the southern cluster of targets at Cruz del Sur and Stockwork Hills are pending from the lab and are expected to arrive in the coming weeks.

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To read the full news release please click HERE

 

 

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To see the latest share price and chart, please click HERE

..To View Mogote Metals’ historical news, please click here

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Mogotes Metals.

.




Mining Review 11th January 2026

Mining Review 11th January 2026

We make some adjustments in our watchlists, with three new entrants in the exploration category, and two Tier 2 companies exiting due to poor performance.

Gold and silver remain strong as silver registers a new nominal all-time high.

 

 

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Magotes Metals

Mogotes Metals Filo Sur vista – Credits Mogotes Metals

 

 

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City Investors Circle Mining Review 11th January 2026

Pacgold announced the commencement of production operations at its newly acquired White Dam project in South Australia.

G2 Goldfields and Lefroy Exploration both announced good drill intersections for gold.

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Gold and silver remain strong as silver registers a new nominal all-time high price around $80.

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We are making some additions to  to our watchlists in the exploration tier 4 stage, and deleting a couple of companies from our tier 2 watchlist, please see the changes below.

The new entrants are early stage projects with scale potential, and proven management teams.

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In

Fuerte Metals    (FMT.V)   Coffee Gold Project in the Yukon

Lahontan Gold  (LH.V)      Restarting the Santa Fe gold mine in Nevada.

Mogotes Metals (MOG.V   Filo Sur project abuts the Filo Del Sur copper project.

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Fuerte Metals has acquired the Coffee Gold Project in the Yukon from Newmont, who has spent over $300 million in prior investment. The company also has two advanced exploration projects in Mexico, and an early stage one in Chile.

Lahontan is restarting the old producing Santa Fe gold mine in Nevada. CEO Kimberley Anne is very experienced and driven to restart production rather than be acquired.

Mogotes Metals has huge potential as its Filo Sur copper / gold / silver project which abuts the Filo Del Sur project acquired by BHP / Lundin for C$4.5 billion when metal prices were much lower.

The company has just raised substantial funds for a large drilling campaign. Positive news from that would surely bring out the deep pocketed suitors?

 

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Out

Magnetic Resources   (ASX: MAU)

Minera Alamos     (MAI.V)

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Both these companies are not performing as per my expectations.

Magnetic is waiting to be acquired, but how much longer will it take? The share price is flat lining in a range whilst other gold projects in the region are performing with the rising price of gold.

Minera Alamos has disappointed over an extended period, and the purchase of the Pan gold mine in Nevada looks more like an act of desperation to buy production after the disappointment of their projects in Mexico in my opinion.

 

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News from our other tier 1 and 2 watchlist companies is pasted below, click on the link to be taken to the full story.Archives

  Watchlist Adjustments January 2026

  Lefroy Exploration Intersected High-Grade Gold at Burns

  Pacgold’s Imminent Gold Production from The White Dam Project

  G2 Goldfields Drilling Expands OKO High-Grade Gold Resource

  Mogotes Metals Financing and Carmel Daniele Joins the Board

  Barton Gold CEO Sends a Positive Message for 2026

  Mining Review 4th January 2026

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Metal Prices 110126 Weekly % change
Gold price in UK £ 3369 4.34%
Gold in AUD$ 6744 2.18%
Gold 4511 4.11%
Silver 80 9.68%
Palladium 1870 10.00%
Platinum 2278 5.37%
Rhodium 9450 13.86%
Copper 5.9 3.69%
Nickel 8.34 10.76%
Zinc 1.47 5.00%
Tin 19.84 1.3%
Cobalt 25.5 6.25%
Lithium 17000 2.97%
Uranium 82 0.74%
Iron Ore 109 4.41%
Coking Coal 223 5.44%
Thermal coal 106 0.47%
Metal ETFs
GLD 414 3.95%
GDX 92.56 7.97%
GDXJ 122 7.77%
Sil 90 8.42%
SILJ 31 12.93%
GOEX  (PCX) 87 8.83%
URA 50.3 9.21%
COPX  78 6.76%
HUI  763 8.84%
Gold / Silver ratio 56.39 -5.08%
10 yr Tbond (TNX) 4.171 -0.22%
2 yr T bond US2Y 3.54 1.72%
US  index (DXY) 99.14 0.72%

 

Click HERE for live Spot Metal Prices 

 

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in some of the companies mentioned.

.

To read our full terms and conditions, please click HERE




Watchlist Adjustments January 2026

City Investors Circle Watchlists

We are making some additions to  to our watchlists in the exploration tier 4 stage, and deleting a couple of companies from our tier 2 watchlist.

 

 

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City investors Circle

 

 

 

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City Investors Circle Watchlist Adjustments January 2026

 

 

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City Investors Circle Watchlists

We are making some additions to  to our watchlists in the exploration tier 4 stage, and deleting a couple of companies from our tier 2 watchlist.

 

In

Fuerte Metals    (FMT.V)   Coffee Gold Project in the Yukon

Lahontan Gold  (LH.V)      Restarting the Santa Fe gold mine in Nevada.

Mogotes Metals (MOG.V   Filo Sur project abuts the Filo Del Sur copper project.

 

Out

Magnetic Resources   (ASX: MAU)

Minera Alamos     (MAI.V)

 

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The Spot gold price can be found HERE

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.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in some of the companies mentioned

.




Mogotes Metals Financing and Carmel Daniele Joins the Board

Mogotes Metals. (TSX.V: MOG)

Announced a non-brokered private placement through the issuance of 71,698,113 units at a price of $0.265 per Unit for aggregate gross proceeds of up to C$19,000,000.

The Company welcomes the participation of CD Capital Fund IV L.P., which, has subscribed for C$15,000,000 of the Offering.

 

 

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Mogotes Metals

Filo Sur vista – Courtesy of Mogotes Metals

Mogotes Metals

 

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

 

 

C$19M private placement with C$15M from CD Capital

 

 

January 5, 2026 – Toronto, Ontario – Mogotes Metals Inc. (TSXV: MOG, FSE:OY4, OTCQB: MOGMF) (“Mogotes”, or the “Company”) is pleased to announce a non-brokered private placement through the issuance of 71,698,113 units (each, a “Unit”) at a price of $0.265 per Unit for aggregate gross proceeds of up to C$19,000,000 (the “Offering”).

Each Unit shall be comprised of one common share (each, a “Common Share”) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant shall entitle the holder thereof to acquire one Common Share at a price of $0.53 per Common Share for a period of three (3) years from the closing of the Offering. The gross proceeds from the sale of the Units will be used for general corporate and working capital purposes.

The Company welcomes the participation of CD Capital Fund IV L.P. (“CD Capital), which, has subscribed for C$15,000,000 of the Offering, resulting in CD Capital becoming a significant shareholder on completion of the Offering. In connection with the strategic investment, Carmel Daniele will join the board of directors of the Company.

Founder & CEO of CD Capital, Carmel Daniele, an investor with a strong track record in the minerals industry, has launched four Private Equity funds, raising over US$1 billion in long-term patient capital, predominantly from leading North American institutional investors, including endowments and foundations, family offices and pension funds. CD Capital develops projects globally in minerals critical to the data revolution, the greening of the planet and fertilizers essential to feeding the world’s population.

CD Capital has a unique focus on partnering up with repeat management teams that have a strong track record in successfully developing projects globally, including; Peru, Argentina, Chile, Canada, Finland, Greenland and Australia.

Carmel Daniele and the CD Capital team identified the potential in the Filo del Sol project early and prior to its high-grade Aurora Zone discovery (FSDH041 returned 858m at 0.86% Cu; 0.70g/t Au; 48.1g/t Ag from 188m depth)[1].

CD Capital took a strategic stake in Filo Corp back in 2020[2] enabling an expansion program of drilling to define deeper sulphide mineralisation. The Filo del Sol project, which is the neighbour of the Mogotes Filo Sur Project, has since gone on to significant exploration success as the World’s largest greenfield copper discovery of the last 3 decades[3].

Carmel Daniele, who will be joining the board of directors of Mogotes in connection with this investment, previously served on the board of directors of Filo Corp (acquired by BHP and Lundin Mining for a valuation of C$4.5B), and currently serves on the board of Lundin Gold (market capitalization over C$27B at time of press release).

Mogotes looks forward to working closely with Carmel and the CD Capital team leveraging its combination of long-term patient institutional capital and sector expertise, to unlock value from the Filo Sur project.

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To read the full news release please click HERE

 

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To see the latest share price and chart, please click HERE

 

..To View Mogote Metals’ historical news, please click here

.

The live gold price can be found HERE

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in Mogotes Metals.

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