Minera Morron triples its share capital and issues new shares

IM Global SpA, holder of fifty of the one hundred shares into which the corporate interest of Compañía Minera Morron is divided, convened the shareholders to an extraordinary meeting for November 3, 2026, at 12:00 p.m., in which it will be proposed to triple the company’s share capital. The notice was published in Section IV of the Official Gazette of the Republic of Chile, No. 44,582, on Saturday, October 24, 2026, under official reference CVE 2890719.

The notice appears in the Tenders, Competitions, Summons, and Loss of Documents section, under the Ministry of the Interior, and occupies page 1 of 1 of the document. The convening company acts in its capacity as a shareholder with 50% of the corporate interest, identified with RUT No. 78.128.247-2, and signs the summons as the requesting shareholder.

Capital increase of $200 million

The first item on the agenda is the increase of the share capital from the sum of $100,000,000 to the sum of $300,000,000, that is, an increase of $200,000,000. The operation is equivalent to tripling the capital currently subscribed and paid by the company.

Complementarily, the meeting must agree on the issuance of the new shares necessary to materialize this increase, determining their number, nominal value, method of placement, and other issuance conditions. The conditions, terms, and modalities for the subscription and payment of the new securities, as well as the allocation of the shares that are effectively subscribed, will also be submitted for approval.

Bylaw reform and formalization

The third block of the agenda contemplates the modification of the clauses of the corporate bylaws relating to the capital, its division into shares, and the distribution thereof among the shareholders, with express mention of the fifth clause. The meeting must also approve the full text of the stipulations that replace the current ones.

Regarding execution, shareholders will be asked to adopt all necessary complementary agreements to implement the capital increase and the statutory reform, including:

• The granting of the corresponding public deed.
• The powers to request registrations and sub-registrations.
• The annotations, publications, and rectifications that may apply.
• Other formalization actions that may be necessary.

Quorum, powers, and remote voting

Shareholders may appear personally or be duly represented, with the obligation to prove representation at the start of the meeting. Those listed in the Shareholders’ Register as of the date of the meeting shall have the right to participate, and the qualification of powers, if applicable, will be carried out on the same day and at the same place as the appointment.

The company will allow remote participation and voting via the Zoom platform, and each shareholder or their representative may verify their identity through the same means by presenting their identity card and the respective power of attorney. Votes may be cast physically or via videoconference. The meeting will be held with the attendance of the notary public María Soledad Lascar Merino, at Avenida Vitacura N° 2939, 11th floor, office 1101, commune of Las Condes, Metropolitan Region.

Immediate Background

The same summons had already been published two days prior, in the Official Gazette (Diario Oficial) No. 44,580, on Thursday, October 22, 2026, under CVE 2888825, with an identical purpose and venue. The republication in No. 44,582 confirms the validity of the call and reports an ongoing corporate process, with no changes to the matters submitted for the shareholders’ decision.

The operation entails a significant capitalization for a closed-structure mining company: the increase of $200,000,000 will allow for the issuance of new shares, the redefinition of capital distribution among partners, and the updating of the bylaws, which directly affects the relative position of each shareholder. For partners and investors, the November 3rd meeting is the instance where the number, nominal value, and placement conditions of the securities will be defined, as well as the subscription and payment deadlines—details that will only be determined in the social agreement and the subsequent public deed.

Source: Official Gazette of the Republic of Chile, No. 44,582, Saturday, October 24, 2026, Section IV, Tenders, Contests, Summons, and Loss of Documents, page 1 of 1 (official reference: CVE 2890719).