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Mogotes MetalsTSXV:MOG

Copper explorer, with a project stated to be in Vicuña district.

NoneChile — as stated on the recordings

explorer copper NoneChile
Jan 2025 → May 2026Covered
9 of 10Topics on record
2Figures tracked over time
3 executivesNamed on the record
Generate Claims & Checks What management and commentators said, and what still needs independent verification 3 interviews with the company · 1 independent recording
Stage
Explorer
Primary commodity
Copper
Jurisdiction
Vicuña district
Deposit
copper-gold-silver-molybdenum porphyry
Latest appearance
20 May 2026
On record
3 interviews · 35 statements · 3 executives

At a glance

What the record holds today. Every card names where it came from — a management representation is not an established fact, and the page never blurs the two.

Money on hand
about $45 million cash at start of May, expecting about $40 million at close of field season
Stated capital need: approximately 20 million Canadian this season
Management-stated Alan Sabet May 2026
What happens next
2 months: Filo del Sol results; 4 months: Kazakhstan results; 6 months: Montana project announcement
Management-stated Alan Sabet May 2026
The main open question
The company is burning $20 million CAD per season with only $45-55 million cash, limiting runway to 2-3 seasons.
Weighed from the statements below, not our opinion of the company.
Our reading
How outsiders read it
1 independent voice on record — 1 constructive
Unknown speaker
Outside voices

How the stated figures have moved

The same figure, as management put it on the earliest and the latest recording we hold. A difference may be a genuine update, a different measure of the same thing (total against indicated), or a mis-heard number — both quotes are here, and both recordings are one click away.

Cash position about 55 millionabout $45 million ● Lower 2 statements on record
09 Mar 2026
about 55 million
“We have a cash balance now of about 55 million.”
20 May 2026
about $45 million cash at start of May, expecting about $40 million at close of field season
“start of this month, we had about start of May, we had about $45 million cash in the bank. Close of this field season, we're expecting to have about $40 million cash in the bank”
Capital needed ≠ Different basis One statement qualifies the figure and the other does not (drilling) 3 statements on record
20 Jan 2025
roughly 1.5 Canadian annually
“yeah roughly 1.5 uh Canadian that we're going to explore and um pay you know in to this project but a portion of those costs are kind of distributed out of our existing cost base”
09 Mar 2026
approximately 20 million Canadian for current drilling season
“We're going to be using something on the order of 20 million Canadian.”

Management view vs outside view

Management interviews are promotional by nature; the outside view is the counterweight. Both are quoted from the recordings, not added by us.

What management spends its time on

Counted from Mogotes Metals's own claims across 3 interviews — most-covered theme first.

What outside voices pick up on

1 independent voice — people who do not speak for the company — across 1 mention.

1 constructive
  • Unknown speaker “Management frames the company as funded, discovery-driven, and now backed by additional assets and discoveries.”

Bull · Bear · Watch next

Weighed from the statements on this page — management's pitch and the outside view. Not financial advice, and not our opinion of the company.

▲ Bull case

Management says Mogotes has two major investors (Bronfman family and CD Capital) backing the Vicuña district play, which has already produced two multi-billion-dollar discoveries.

What it rests on
Evidence: 2 moments from 2 interviews
Read the full case

Management says Mogotes has two major investors (Bronfman family and CD Capital) backing the Vicuña district play, which has already produced two multi-billion-dollar discoveries. The team includes geologists with 20-30 years of porphyry-epithermal experience in the Andes, and drilling this season will test multiple drill-ready targets on the Filo del Sol trend with $45-55 million cash on hand.

▼ Bear case

The company is burning $20 million CAD per season with only $45-55 million cash, limiting runway to 2-3 seasons.

What it rests on
Evidence: 1 moment from 1 interview
Read the full case

The company is burning $20 million CAD per season with only $45-55 million cash, limiting runway to 2-3 seasons. Early-stage exploration carries technical risk: drilling has just begun on new targets, and the two new systems remain unproven with results only due in May-June. No outside validation or independent analyst commentary supports the deposit thesis.

◆ Watch next

Results from 3,600 meters of unreported Filo del Sol drilling due May-June (2 months).

What it rests on
Evidence: 1 moment from 1 interview
Read the full case

Results from 3,600 meters of unreported Filo del Sol drilling due May-June (2 months). Completion of 6,000-8,000 meter season target and interpretation of multiple mineralized systems. Execution against this timeline will determine whether the Vicuña district opportunity justifies continued funding.

Each moment links to the exact point in the source recording. The cases are drawn from the transcripts, weighed as written — they are not a rating, a target or a recommendation.

Project 16 statements

The deposit 6

Key takeaway. Mogotes Metals management describes the project as a copper-gold-silver-molybdenum porphyry system with an epithermal overprint, located on the Filo del Sol trend.

Read the full summary

The company reports it discovered two new systems in one drill campaign and still has approximately 3,600 m of drilling yet to be reported, while noting multiple drill-ready targets defined by geochemical and geophysical anomalies. Earlier statements from January 2025 referred to the deposit simply as copper, and by March 2026 management was calling it a copper and gold porphyry/epithermal system, so the characterisation has evolved over time.

What was actually said
deposit type
copper-gold-silver-molybdenum porphyry
“announced a high-grade shallow copper gold silver molybdenum discovery at El Arco”
Alan Sabet· 20 May 2026·
exploration upside
mineralized corridor with multiple stages of mineralization including porphyry mineralization with epithermal overprint
“the multiple stages of of mineralization that we see in the Filo deposit”
Alan Sabet· 20 May 2026·
exploration upside
two new systems discovered in one drill campaign; approximately 3,600 m of drilling yet to be reported
“we've drilled and hit two new systems um in this brief campaign”
Alan Sabet· 20 May 2026·
Show the other 3 statements
deposit type
Copper and gold porphyry/epithermal
“We're exploring for copper and gold in the prolific Vicuña district right next to the large Filo del Sol deposit”
Allen Sabet· 09 Mar 2026·
exploration upside
Multiple drill ready targets on the Filo del Sol trend with geochemical and geophysical anomalies
“we've developed multiple drill ready targets which we've started drilling now and we're currently drilling with three rigs”
Allen Sabet· 09 Mar 2026·
deposit type
copper
“Motes is of course a copper exploration company that's listed as MOG or M on the Venture Exchange in Canada”
Stephen Nano· 20 Jan 2025·

Jurisdiction 8

Key takeaway. Management describes the project as located in the Vicuña district of Argentina (May 2026, Mar 2026), while earlier statements placed it in East Central Chile's Vonia district on the border with Argentina (Jan 2025).

Read the full summary

The company also notes that an option agreement has been signed with CMP for the acquisition of ground (Jan 2025).

What was actually said
country
Argentina
“our primary project Filo del Sol is located in the Vicuña district. This is a district that's yielded two multi-billion dollar discoveries”
Alan Sabet· 20 May 2026·
region
Vicuña district
“our primary project Filo del Sol is located in the Vicuña district”
Alan Sabet· 20 May 2026·
country
Argentina
“We're exploring for copper and gold in the prolific Vicuña district right next to the large Filo del Sol deposit”
Allen Sabet· 09 Mar 2026·
Show the other 5 statements
region
Vicuña district, Andes
“We're exploring for copper and gold in the prolific Vicuña district right next to the large Filo del Sol deposit”
Allen Sabet· 09 Mar 2026·
community agreement
Option agreement signed with CMP for acquisition of ground
“you've signed an option agreement for the acquisition of some more ground in the vonia district which you believe is the sou projection of the filo Del Soul Trend it is adjacent to filo's property”
Stephen Nano· 20 Jan 2025·
country
Chile
“I'm going back to Chile and more specifically East Central Chile on the border with Argentina which is of course where the vonia district is”
Allen Sabet· 20 Jan 2025·
region
East Central Chile on the border with Argentina, Vonia district
“I'm going back to Chile and more specifically East Central Chile on the border with Argentina which is of course where the vonia district is”
Stephen Nano· 20 Jan 2025·
region
East Central Chile, vonia district, border with Argentina
“I'm going back to Chile and more specifically East Central Chile on the border with Argentina which is of course where the vonia district is”
Allen Sabet· 20 Jan 2025·

Technical risk 2

Key takeaway. Management has outlined two key technical assumptions for its project.

Read the full summary

As of March 2026, the company assumes it will run three to four rigs drilling on multiple targets and complete 6,000 to 8,000 meters in the current season. Separately, in January 2025, management said it assumes iron ore content is relatively limited.

What was actually said
key assumption
Three to four rigs drilling on multiple targets; drilling 6,000 to 8,000 meters in current season
“we're currently drilling with three rigs”
Allen Sabet· 09 Mar 2026·
key assumption
iron ore content relatively limited
“I think um because of the way we're drafted that would be the case but Stephen I think AR content relatively limited from what we know right”
Allen Sabet· 20 Jan 2025·

Economics 6 statements

Financing 6

Key takeaway. Management has provided several financing figures that appear to come from different dates.

Read the full summary

In January 2025, the company said it needs roughly C$1.5 million annually. By March 2026, that figure had grown to approximately C$20 million for the current drilling season, with a burn rate of about C$20 million that same season. The company also reported about C$55 million in cash as of March 2026, and said it expects about C$40 million at the close of the field season in May 2026, down from about C$45 million at the start of that month.

What was actually said
cash position
about $45 million cash at start of May, expecting about $40 million at close of field season
“start of this month, we had about start of May, we had about $45 million cash in the bank. Close of this field season, we're expecting to have about $40 million cash in the bank”
Alan Sabet· 20 May 2026·
burn rate
approximately 20 million Canadian this season
“We're not going to use the full cash balance on this season. We're going to be using something on the order of 20 million Canadian.”
Allen Sabet· 09 Mar 2026·
capital needed
approximately 20 million Canadian for current drilling season
“We're going to be using something on the order of 20 million Canadian.”
Allen Sabet· 09 Mar 2026·
Show the other 3 statements
cash position
about 55 million
“We have a cash balance now of about 55 million.”
Allen Sabet· 09 Mar 2026·
capital needed
roughly 1.5 Canadian annually
“yeah roughly 1.5 uh Canadian that we're going to explore and um pay you know in to this project but a portion of those costs are kind of distributed out of our existing cost base”
Stephen Nano· 20 Jan 2025·
capital needed
roughly 1.5 Canadian per year
“what is the addition to your total annual cost now that you also have to um I think the patent cost you have to reimburse it or how does that work what does that add to your cost structure yeah roughly 1.5 uh Canadian that we're going to explore”
Allen Sabet· 20 Jan 2025·

Timeline 6 statements

Timeline 5

Key takeaway. Mogotes Metals management described a busy near-term timeline for the company.

Read the full summary

As of March 2026, they had already drilled 3,000 meters and were working to complete 6,000 to 8,000 meters that season, with results expected to flow in May and June. By May 2026, management reported approximately 3,600 meters of drilling still to be reported over the next one to two months, and outlined a series of upcoming catalysts: Filo del Sol results in about two months, Kazakhstan results in about four months, and a Montana project announcement in about six months.

What was actually said
catalyst
2 months: Filo del Sol results; 4 months: Kazakhstan results; 6 months: Montana project announcement
“2 months, focus is strongly Filosior, results from Filosior, interpretations from Filosior, next steps for Filosior. 4 months, we're going to look into some of the results from Kazakhstan and what we're going to do there. 6 months, we're probably back at Filosior again and potentially have something to announce about about the project in Montana”
Alan Sabet· 20 May 2026·
milestone
approximately 3,600 m of drilling yet to be reported coming in next one to two months
“there's a couple of answers to that. So the straight answer factually about 3,600 m of of of drilling yet to be reported by us, okay? So, that's coming in the next month or two month to 2 months”
Alan Sabet· 20 May 2026·
milestone
3,000 meters already drilled; working to complete 6,000 to 8,000 meters
“We've done 3,000 already. We're working to get the 6,000 to 8,000 mark done.”
Allen Sabet· 09 Mar 2026·
Show the other 2 statements
milestone
Results will flow May and June
“Results will flow May and June as we receive an”
Allen Sabet· 09 Mar 2026·
milestone
Drilling 6,000 to 8,000 meters this season; results in May and June
“Our intent this season, and it's seasonal because we can only drill in the summer in the southern hemisphere and that roughly ends to the end of April, give or take...we're going to land between 6,000 and 8,000.”
Allen Sabet· 09 Mar 2026·

Catalysts 1

What was actually said
upcoming decision
acquisition of ground through option agreement in vonia district
“you've signed an option agreement for the acquisition of some more ground in the vonia district which you believe is the sou projection of the filo Del Soul Trend”
Allen Sabet· 20 Jan 2025·

Corporate 7 statements

Management 2

Key takeaway. Management of Mogotes Metals highlights strong insider ownership, with the Bronfman family from Argentina and CD Capital as major investors.

Read the full summary

The company reports that its geologists have 20-30 years of experience at Filo del Sol and other porphyry and epithermal deposits in the Andes, while its advisors were involved in discoveries such as Valeriano and Cerro Negro, according to statements from March 2026.

What was actually said
insider ownership
Bronfman family from Argentina and CD Capital as major investors
“brought on two really, really important investors in the Bronfman family from Argentina and CD Capital who are big investors in Filo and the success at Filo del Sol.”
Allen Sabet· 09 Mar 2026·
team experience
Geologists with experience at Filo del Sol and other porphyry and epithermal deposits in the Andes for 20-30 years; advisors involved in discoveries like Valeriano and Cerro Negro
“We've engaged geologists that have worked at Filo del Sol, have worked at other porphyry and epithermal deposits in the Andes for many years, in some cases 20 to 30 years.”
Allen Sabet· 09 Mar 2026·

Share structure 4

Key takeaway. Management reports a share structure with about 236 million shares outstanding, 64 million warrants, and 6.3 million options, all as of January 2025.

What was actually said
options
6.3 million options
“64 million warrants just like last time 6.3 million options 1 million rsus”
Allen Sabet· 20 Jan 2025·
shares outstanding
236 million shares outstanding
“Motes is of course a copper exploration company that's listed as MOG or M on the Venture Exchange in Canada where an average of 280,000 shares create daily 52 we High 21 cents and a 52- we low of 10 cents with a market cap of now about $32 million and about 236 million shares outstanding today”
Stephen Nano· 20 Jan 2025·
shares outstanding
about 236 million shares outstanding
“market cap of now about $32 million and about 236 million shares outstanding today this is a 15.5 Cent stock”
Allen Sabet· 20 Jan 2025·
Show the other 1 statement
warrants
64 million warrants
“64 million warrants just like last time 6.3 million options 1 million rsus”
Allen Sabet· 20 Jan 2025·

Market 1

What was actually said
potential acquirer
CMP, a leading iron ore producer in Chile
“we're really happy to be working with one of the biggest rno producers in in uh in Chile um with CMP they're a leading player in iron or and they've been you know mining in Chile for a long time”
Stephen Nano· 20 Jan 2025·

Outside views 1 mention

1 mention by people who do not speak for the company — 1 constructive, 0 cautious, 0 neutral. These are their views, not the company's.

Unknown speaker
bullish
Management frames the company as funded, discovery-driven, and now backed by additional assets and discoveries.
Resource Talks· 19 May 2026·

Sources 3 interviews

Every interview 3

DateChannelInterviewStatements
20 May 2026 Triangle Investor A New Copper Discovery Next to Lundins & BHP - Mogotes Metals (TSXV: MOG) 8
09 Mar 2026 Crux Investor Mogotes Metals (TSXV:MOG) - Drilling Filo del Sol Trend - Results in May & June 13
20 Jan 2025 Resource Talks COPPER: New Ground Next to Filo del Sol | Mogotes Metals 14

What else those interviews covered

Every other asset named in the same recordings, by how many of them named it — the company's coverage context, not its holdings. Where the name is another company we hold a record for, it links to it.

copper 3
bhp 2
gold 2
el arco 1
escondida 1
filo del sol deposit / vicuña jv 1
filo del sol 1
filo corp 1

Questions people ask

What is Mogotes Metals's project and where is it?

Mogotes Metals is a explorer copper company, with a project stated to be in Chile. Everything here is drawn from its executives' own interviews.

Which interviews mention Mogotes Metals?

We track 3 interviews mentioning Mogotes Metals, across 3 channels (Crux Investor, Resource Talks, Triangle Investor).

What are investors saying about Mogotes Metals?

1 independent voice — people who do not speak for the company — are on record discussing it (1 bullish). Their reasoning is quoted in the outside-view section above.

What do recent interviews with Mogotes Metals cover?

The most-discussed topics on record are jurisdiction, the deposit, financing, timeline — each claim quoted and dated in the sections above.

How to read this page

What is here

Statements made by company representatives in the interviews listed above — each one carrying the words that made it, the date, and the recording. Nothing is added from any other source: if it was not said on a recording, it is not on this page. The one exception lives in the Claims & Checks record, which cites a metal price from our own feed so a stated cost can be set against it — and labels it as ours wherever it appears.

What is not verified

All of it. Resource figures, economics, timelines and promotional framing are management's own representations, checked against no filing and no technical report. Transcripts are automatic; we repair a clearly mis-heard word but never a number, a date, a unit or a speaker's hedge — “about 8.6 million ounces” keeps its “about”.

How to use it

Treat it as a map of what has been said, not as a source of fact. Where a figure matters to you, open the recording and read the company's filings. Nothing here is financial advice, a recommendation, or an offer to buy or sell any security — these are interested parties discussing their own company.

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