Cotabambas Access Secured; C$21.7M Financing Upsized and 65.6k Options Granted
MTX•The company secured a surface access agreement with the Guaclle community for its 100%-owned Peruvian Cotabambas copper-gold-silver project. It also issued 65,611 stock options at CA$5.01 (expiring June 2031) and expanded a bought-deal financing to 15.98 million shares at CA$1.36 for gross proceeds of CA$21.74 million.
1. Surface Access Agreement Completed
The company finalized a surface access agreement with the Community of Guaclle, securing entry to its 100%-owned Cotabambas copper-gold-silver project in Peru for exploration and development activities.
2. 65,611 Stock Options Granted
A total of 65,611 stock options were issued to a company director under the stock option plan at an exercise price of CA$5.01 per share, expiring 60 months from June 16, 2026.
3. Bought Deal Financing Increased to C$21.74M
An amended bought deal financing increased the offering to 15,984,500 common shares at CA$1.36 each, generating gross proceeds of CA$21,738,920 and including up to C$2.0 million of shares reserved for the president’s list.
