On January 22, 2026, Mogotes Metals completed a bought deal private placement of 35,937,500 units at a price of $0.32 per unit for aggregate gross proceeds of $11.5 million, which included the full exercise of the underwriters’ option.
The private placement was led by Stifel Nicolaus Canada Inc., as lead underwriter and sole bookrunner, together with Canaccord Genuity Corp.
Cassels acted for the underwriters.