La Mancha Investments S. à r. l. has entered into a subscription agreement to acquire a 19.9% stake in Miata Metals Corp. through a non-brokered private placement valued at approximately CAD 13.72 million.

Under the terms of the agreement, La Mancha will subscribe for 33,468,442 common shares at a price of CAD 0.41 per share for aggregate consideration of CAD 13,722,061.22. The transaction is expected to close on or about August 18, 2026, alongside Miata’s separate, concurrent bought-deal financing.

Prior to entering the subscription agreement, La Mancha held no shares in Miata. The resulting 19.9% pro forma ownership stake is calculated as if the shares to be issued under the subscription and the concurrent bought-deal financing had already been issued. La Mancha is making the investment for portfolio management purposes and will review its position on an ongoing basis, with potential future adjustments depending on market conditions and the company's financial condition.

Nearby exploration activity in the surrounding district remains active, highlighted by Founders Metals Inc. having intersected 28.0 metres grading 14.27 g/t gold at the Upper Antino target in August 2026.

Read the full announcement: LA MANCHA INVESTMENTS S. À R. L. TO FILE EARLY WARNING REPORT