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Rio Tinto subscribes for C$21.27 million Mogotes Metals units in minority stake deal
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Rio Tinto subscribes for C$21.27 million Mogotes Metals units in minority stake deal
  • Mogotes Metals signed a binding term sheet for Rio Tinto to invest about US$15 million via a unit subscription.
  • Rio Tinto to buy 30,387,857 units at C$ 0.7 each for gross proceeds of about C$ 21.27 million.
  • Units include one common share, one-half warrant; 15,193,929 warrants total, exercisable at C$ 1 for 18 months.
  • Transaction implies an initial stake of about 5%, subject to regulatory approvals including the TSX Venture Exchange.
  • Closing would trigger a strategic and technical alliance focused on the Filo Sur project, including a 15-month exclusivity period.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mogotes Metals Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202607131522NEWSFILECNPR____20260713_305021_1) on July 13, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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