Recent Insider Transactions • Jul 22
Independent Non-Executive Chairman recently sold CA$309k worth of stock On the 17th of July, Peter Mullens sold around 600k shares on-market at roughly CA$0.52 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Peter has been a net seller over the last 12 months, reducing personal holdings by CA$442k. Recent Insider Transactions Derivative • Jul 22
Independent Non-Executive Chairman exercised options to buy CA$812k worth of stock. On the 20th of July, Peter Mullens exercised options to buy 1m shares at a strike price of around CA$0.16, costing a total of CA$218k. This transaction amounted to 58% of their direct individual holding at the time of the trade. Peter currently holds less than 1% of total shares outstanding. Company insiders have collectively sold CA$224k more than they bought, via options and on-market transactions in the last 12 months. Announcement • Jul 14
Mogotes Metals Inc. announced that it expects to receive CAD 21.2715 million in funding from Rio Tinto Exploration Canada Inc. Mogotes Metals Inc. entered into a term sheet and announced a private placement of 30,387,857 units of the Company at an issue price of CAD 0.70 per Unit for gross proceeds of CAD 21,271,499.9 on July 13, 2026. The transaction involves participation from new investor Rio Tinto Exploration Canada Inc. Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant. Each whole Warrant will entitle the holder to acquire one additional Common Share at an exercise price of CAD 1.00 for a period of 18 months from closing. Rio Tinto to take an initial ~5% interest in Mogotes through a CAD 21,271,500 priced at CAD 0.70 per Unit. Each Unit includes one-half of a Warrant 15,193,929 Warrants in aggregate - exercisable at CAD 1.00 for 18 months, representing potential additional proceeds to the Company of up to approximately CAD 15,193,929. Conditional upon completion of the Placement, Rio Tinto to receive a 15-month period of exclusivity with respect to the Filo Sur project, extendable by mutual agreement for a further 6 (six) months. During the exclusivity period, Rio Tinto will also have a right to match third-party proposals involving the Filo Sur project or the subsidiaries that hold the Filo Sur project. Conditional upon completion of the placement, Rio Tinto will have a top-up right entitling it to acquire up to 9.99% of the Common Shares on a partially diluted basis at any time during the exclusivity period. The closing of the placement is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange. In connection with the placement, Rio Tinto has also agreed to customary standstill restrictions applicable during the exclusivity period. 
