Mogotes Metals Closes US$15 Million Strategic Investment by Rio Tinto and Formation of Strategic & Technical Alliance

Toronto, Ontario--(Newsfile Corp. - August 27, 2026) - Mogotes Metals Inc. (TSXV: MOG) (FSE: OY4) (OTCQB: MOGMF) ("Mogotes", or the "Company") is pleased to announce that it has closed the previously announced strategic investment by Rio Tinto Canada Inc. ("Rio Tinto"), an affiliate of Rio Tinto Exploration Canada Inc. pursuant to which Rio Tinto has subscribed for 30,387,857 units of the Company (the "Units") at a price of C$0.70 per Unit (the "Offering Price") for gross proceeds of...