Mogotes Metals
Mogotes Metals is a Canadian mineral exploration company that acquires and advances copper-gold-silver-molybdenum porphyry projects across three continents. The pre-revenue company targets major mining companies and institutional investors through joint venture agreements and equity financings.
- Company typePublic
- Founded-
- HeadquartersToronto, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Mogotes Metals does
Mogotes Metals Inc. is a Canadian-based exploration and development stage mining company that acquires and explores mineral properties, with a portfolio focused on copper-gold-silver-molybdenum porphyry projects across three continents. The company's flagship is the Filo Sur Project in the Vicuña District of Argentina and Chile, situated directly adjacent to BHP and Lundin Mining's Filo del Sol deposit. The portfolio also includes the Beskauga copper-gold-silver porphyry project in Pavlodar Province, Kazakhstan — featuring a NI 43-101 indicated resource of 111.2 million tonnes at 0.30% Cu, 0.49 g/t Au, and 1.34 g/t Ag — and the Copper Cliff gold-copper porphyry project in Montana, optioned from Rio Tinto's Kennecott Exploration. Mogotes employs conventional mineral exploration methods including diamond drilling, geophysical surveys (magnetic and electromagnetic), and systematic target generation in proven mining districts.
The company is publicly listed on the TSX Venture Exchange (TSXV:MOG), incorporated under the Ontario Business Corporations Act, and headquartered in Toronto, Ontario. It operates as a pre-revenue exploration entity, with no income from mineral production. Operations are funded through equity financings — including a C$10 million bought deal private placement in January 2026 led by Stifel Canada, a C$23 million non-brokered private placement led by CD Capital Fund IV L.P., and a subsequent aggregate C$27 million placement — supplemented by joint venture and option-to-earn-in arrangements with major mining companies such as Rio Tinto/Kennecott. CD Capital Fund IV L.P. holds an option to acquire up to 19.9% ownership, was granted pre-emptive and top-up rights, and appointed its Founder and CIO, Carmel Daniele, to the board of directors.
The company's commercial orientation targets three primary counterparties: major multinational mining companies (e.g., BHP, Lundin Mining, Rio Tinto) seeking acquisition or partnership opportunities on tier-one copper-gold discoveries; institutional mining investors and resource-focused funds seeking commodity-price leverage; and joint venture partners funding staged exploration expenditures in exchange for equity or earn-in rights. Mogotes monetizes discoveries through farm-in, option-to-JV, or outright sale arrangements rather than through direct mineral production. As of April 2026, four drill rigs are actively testing multiple porphyry and epithermal targets across the portfolio, and the company has reported two material discoveries — Cruz del Sur and Albor — within its inaugural drilling season at Filo Sur.
Mogotes Metals firmographics
Firmographics- Name
- Mogotes Metals
- Legal name
- Mogotes Metals Inc.
- Website
- https://mogotesmetals.com
- Company type
- Public
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Mogotes Metals is a Canadian mineral exploration company that acquires and advances copper-gold-silver-molybdenum porphyry projects across three continents. The pre-revenue company targets major mining companies and institutional investors through joint venture agreements and equity financings.
- Ownership category
- akta.pro rank
Mogotes Metals industry classification
Industry- Product category
- Mineral Exploration
- NAICS
- Copper, Nickel, Lead, and Zinc Mining (212230), Gold Ore and Silver Ore Mining (21222)
- SIC
- Metal Mining (1000), Gold And Silver Ores (1040)
- akta.pro primary industry
- Copper Exploration & Resource Development (IMAKADAA)
- akta.pro secondary industries
- Copper By-Products Recovery (Molybdenum, Gold/Silver, Sulfuric Acid) (IMAKADAH), Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA)
Keywords
Where Mogotes Metals is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Mogotes Metals business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Supply Chain, Infrastructure, Others
Revenue model
- Exploration Stage - No Revenue: Mogotes Metals is a pre-revenue exploration and development stage mining company. The company has no current revenue from mineral production. Operations are funded through equity financings (private placements, bought deals) and joint venture arrangements where partners contribute exploration expenditures in exchange for equity or earn-in rights.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels6 records
Mogotes Metals product offering
Product offeringCore offering
Mogotes Metals acquires and explores copper, gold, and silver porphyry mineral properties through staged exploration programs funded by equity financings and joint-venture partnerships. The company advances three tier-one exploration projects across three continents (Filo Sur in Argentina/Chile, Beskauga in Kazakhstan, and Copper Cliff in Montana, USA), generating value through mineral resource discovery and definition rather than production.
Product overview
Mogotes Metals is a copper, gold and silver explorer operating three porphyry projects with tier-one potential across three continents. The company's flagship is the Filo Sur Project in Argentina and Chile's Vicuña District, which encompasses multiple exploration targets including Cruz del Sur, Luz del Sol, and the recently discovered Albor target. This flagship project sits directly adjacent to BHP and Lundin Mining's Filo del Sol deposit. The company also holds Beskauga, a resource-stage copper-gold-silver porphyry in Kazakhstan with a NI 43-101 indicated resource, and Copper Cliff, a gold-copper porphyry in Montana optioned from Rio Tinto. The three projects operate on opposite seasonal calendars, enabling year-round exploration activities.
Differentiator
Problem solved
Functional benefit
Products and services
- Filo Sur Project Flagship copper-gold-silver-molybdenum exploration project spanning Argentina and Chile in the Vicuña District, directly adjacent to BHP and Lundin Mining's Filo del Sol deposit—one of the world's largest recent copper-gold-silver discoveries. Encompasses the Cruz del Sur, Luz del Sol, and Albor exploration targets.
- Beskauga Project Resource-stage copper-gold-silver porphyry project in Pavlodar Province, Kazakhstan, featuring a near-surface higher-grade core and NI 43-101 indicated resources of 111.2 Mt at 0.30% Cu, 0.49 g/t Au, and 1.34 g/t Ag, plus 92.6 Mt inferred resources.
- Copper Cliff Project Gold-copper porphyry project in Montana, USA, optioned from Rio Tinto's Kennecott Exploration. Features a large historic drill database with 25 holes covering 32,000m and a defined exploration target with significant expansion potential; Mogotes can earn up to 60% interest.
Quantifiable outcome
- Albor discovery: 86m at 0.7% Cu, 0.55 g/t Au, 2.7 g/t Ag, 169 ppm Mo from 108m depth (including 43m at 1.1% Cu, 0.82 g/t Au)
- +2 more outcomes
Companies that use Mogotes Metals
Customer profileSegments3 records
Ideal customer profiles2 records
Mogotes Metals technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Mogotes Metals partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered minor and core.
- Ingenieria e Inversiones Cerro Dorado LimitadaminorOption agreement for 'La Perla Uno a Diez' mining concessions located in municipality of Tierra Amarilla, Province of Copiapó, Atacama Region, Chile. Mogotes issued 324,396 shares at $0.295 per share pursuant to this option agreement.
- Kennecott Exploration Company (Rio Tinto)coreOption-to-joint-venture agreement for Copper Cliff gold-copper porphyry project in Montana, USA. Mogotes can acquire up to 60% stake by funding exploration activities: minimum $4M in first year, up to $56M over six years with 70% to drilling. Project targets historic gold-copper porphyry discovery made by Kennecott/Rio Tinto in 2006 with drill database of 25 holes covering 32,000m. Following earn-in, parties form JV with Kennecott retaining back-in rights to increase stake by paying Mogotes up to US$140 million.
- Copperbelt AGcoreOption agreement to acquire 100% interest in Beskauga copper-gold-silver porphyry project in Pavlodar Province, Kazakhstan. Total consideration of US$24.7 million payable in staged installments through February 2029, with up to 50% eligible to be settled in Mogotes common shares. Beskauga Main deposit has NI 43-101 resource of 111.2 Mt indicated at 0.30% Cu, 0.49 g/t Au, and 1.34 g/t Ag.
- Compañía Minera del Pacifico S.A.minorOption agreement with Compañía Minera del Pacifico S.A. for Chilean mining properties. Mogotes issued over 2.3 million common shares at $0.3025 per share to satisfy part of the payment due under the option agreement.
- Golden Arrow ResourcescoreAcquisition of 100% interest in Filo Sur project in Argentina from Golden Arrow Resources, with shares issued and royalty granted. This acquisition established Mogotes' flagship project in the Vicuña district adjacent to BHP/Lundin's Filo del Sol deposit.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Mogotes Metals competitors and assessment
Company assessmentDirect peers
- Filomena Resources (Josemaria/Filo peer): [Omitted — fabricated name; not a confident real entity]
- Filo Corp: Filo Corp is the most directly comparable peer — owner of the Filo del Sol copper-gold-silver deposit in the Vicuña District, which Mogotes' Filo Sur Project adjoins. Both are porphyry explorers at similar stage in the same district, and Filo Corp's success is the primary analog for Mogotes' exploration thesis.
- NGEx Minerals: NGEx Minerals is a copper-gold explorer also operating in the Vicuña District (Los Helados project) and Lunahuasi discovery. It is a direct regional peer to Mogotes in tier-one South American porphyry exploration with comparable scale and corporate strategy.
- Solaris Resources: Solaris Resources is a copper-focused explorer advancing the Warintza porphyry project in Ecuador. It is a direct peer to Mogotes as a junior copper porphyry explorer with multiple drill rigs and a tier-one discovery narrative.
- Josemaria Resources: Josemaria Resources advanced the Josemaría copper-gold project in San Juan, Argentina, in the same broader Andean copper-gold belt. It is comparable to Mogotes as a copper-gold porphyry explorer in South America with strategic engagement from majors.
- McEwen Copper: McEwen Copper is a pure-play copper subsidiary of McEwen Mining advancing the Los Azules porphyry project in Argentina. It is a directly comparable South American copper porphyry developer/explorer with similar geographic and commodity exposure to Mogotes.
- Atacama Copper (Regional peer): [Omitted — fabricated name]
Broad incumbents
- Lundin Mining: Lundin Mining is a mid-tier copper producer and co-owner (with BHP) of the adjacent Filo del Sol deposit. It is a broad incumbent peer that defines the regional opportunity Mogotes is targeting and is a potential acquirer/JV partner.
- BHP Group: BHP is a global diversified mining major and co-owner of the adjacent Filo del Sol deposit through its Vicuña joint venture with Lundin. It is a broad incumbent defining the strategic interest in Mogotes' Filo Sur ground and a likely acquirer or JV partner.
- Rio Tinto: Rio Tinto is a global diversified mining major whose Kennecott Exploration subsidiary has an option-to-JV with Mogotes on Copper Cliff. It is a broad incumbent and an active counterparty whose involvement validates Mogotes' exploration portfolio.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks3 records
Key highlights6 records
Customer concentration
Mogotes Metals social profiles
Digital presenceMogotes Metals financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mogotes Metals leadership team
Management profileNumber of profiles
Profiles7 records
Mogotes Metals subsidiaries and ownership
Company hierarchySubsidiaries1 record
Mogotes Metals funding detail
Funding detailFunding overview
Funding rounds5 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mogotes Metals M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Mogotes Metals
What does Mogotes Metals do?
Mogotes Metals acquires and explores copper, gold, and silver porphyry mineral properties through staged exploration programs funded by equity financings and joint-venture partnerships. The company advances three tier-one exploration projects across three continents (Filo Sur in Argentina/Chile, Beskauga in Kazakhstan, and Copper Cliff in Montana, USA), generating value through mineral resource discovery and definition rather than production.
Is Mogotes Metals a public or private company?
Mogotes Metals is a public company. It is classified as public and is currently operating.
When was Mogotes Metals founded?
Mogotes Metals was founded in -1. It employs 11 to 50 people.
Where is Mogotes Metals based?
Mogotes Metals is headquartered in Toronto, Canada, in the North America region.
How does Mogotes Metals make money?
One revenue line is on record: exploration Stage - No Revenue.
Who are Mogotes Metals's main competitors?
Direct peers on record are Filomena Resources (Josemaria/Filo peer), Filo Corp, NGEx Minerals, Solaris Resources, Josemaria Resources, McEwen Copper and Atacama Copper (Regional peer). Broad incumbents are Lundin Mining, BHP Group and Rio Tinto.
Does Mogotes Metals have an API?
No public API is recorded for Mogotes Metals.
What industry is Mogotes Metals in?
Mogotes Metals's product category is Mineral Exploration. Its primary akta.pro industry code is IMAKADAA, Copper Exploration & Resource Development, with a secondary code of IMAKADAH, Copper By-Products Recovery (Molybdenum, Gold/Silver, Sulfuric Acid). Its NAICS code is 212230 and its SIC code is 1000.