Miata Metals Announces 19.9% Strategic Investment by La Mancha and Bought Deal Financing for Total Proceeds of C$20M

About this update from Miata Metals Corp.

Not for distribution to United States newswire services or for dissemination in the United States VANCOUVER, BC, July 28, 2026 /CNW/ -- Miata Metals Corp. (TSXV: MMET) (FSE: 8NQ) (OTCQX: MMETF) ("Miata" or the "Company") is pleased to announce that La Mancha Resource Fund SCSp , a fund advised by La Mancha Resource Capital LLP, hasvia its subsidiary ("La Mancha") agreed to make a strategic investment in Miata through a non-brokered private placement of 30,875,245 common shares of the Company (each a "Share") at a price of C$0.41 per Share for aggregate gross proceeds to the Company of approximately C$12,658,851 (the "Strategic Investment"). Concurrently, the Company has entered into an agreement with ATB Cormark Capital Markets and SCP Resource Finance LP on behalf of a syndicate of underwriters (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a "bought deal" basis, 18,293,000 Shares (the "Offered Shares") at a price of C$0.41 per Offered Share for aggregate gross proceeds of C$7,500,130 (the "Bought Deal Offering"). The Company has also granted the Underwriters an option (the "Over-Allotment Option") to purchase up to an additional 15% of the Offered Shares on the same terms and conditions as the Bought Deal Offering, exercisable at any time, in whole or in part, until the date that is 30 days following the closing of the Bought Deal Offering, for market stabilization purposes and to cover over-allotments, if any. The aggregate gross proceeds to the Company from the Bought Deal Offering and Strategic Investment are expected to be approximately C$20,158,981. La Mancha does not currently own any Shares. Upon closing of the Strategic Investment and Bought Deal Offering, including exercise of the Over-Allotment Option (if any), La Mancha is expected to hold approximately 19.9% of the Company's issued and outstanding Shares on a non-diluted basis. If the Over-Allotment Option is exercised by the Underwriters, the aggregate gross proceeds of the Strategic Investment will be increased accordingly such that La Mancha will continue to hold approximately 19.9% of the issued and outstanding Shares on a non-diluted basis. In connection with the Strategic Investment, Miata and La Mancha intend to enter into an investor rights agreement (the "Investor Rights Agreement"), which will provide La Mancha with certain custom...

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