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Mogotes Metals Inc.

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  1. 2026

    Rio Tinto invests US$15 million in Mogotes Metals and forms strategic alliance for Filo Sur project

    Rio Tinto completed a US$15 million strategic investment in Mogotes Metals Inc. and the two formed a strategic and technical alliance initially focused on the Filo Sur project in the Vicuña mining district on the Argentina-Chile border. Rio Tinto Canada Inc. subscribed for 30,387,857 units at C$0.70 per unit, giving Rio Tinto an initial equity stake of about 5%. The alliance includes a joint technical committee, a 15-month exclusivity period extendable by 6 months, a top-up right to increase its stake to as much as 9.99% subject to TSXV approval, and plans to extend the concept to other prospective mineral belts including Kazakhstan. The investment received all necessary regulatory approvals, including conditional TSXV approval.