Rio2 Ltd. announces that it has closed its private placement, as announced on April 8, 2024, and April 9, 2024. A total of 59,030,000 common shares of the Company were sold at a price of $0.39 per Share for gross proceeds to the Company of $23,021,700 . The Company entered into an agency agreement with Eight Capital and a syndicate of agents, including Cantor Fitzgerald Canada Corporation, Echelon Capital Markets, Pollitt [...]
Rio2 Ltd. is pleased to announce that further to the news release dated April 8, 2024, it has entered into an amending agreement with Eight Capital, as agent, to upsize the previously announced private placement. Pursuant to the upsized offering, the Company will issue up to 59,030,000 common shares of the Company at a price of $0.39 per Share for gross proceeds to the Company of up to $23,021,700 . Alex Black, Executive [...]
Rio2 Ltd. today announces that its Chilean subsidiary, Fenix Gold Limitada , has received the formal Resolución de Calificación Ambiental for its Fenix Gold Project located in the Maricunga Mineral Belt of the Atacama Region, Chile. The RCA has been issued following the approval of the Project's Environmental Impact Assessment previously announced on December 20, 2023. The receipt of the RCA now allows Fenix Gold to [...]
Rio2 Ltd. announces that the Company has entered into shares for services agreements with certain directors and employees. Pursuant to the Shares for Services Agreements, such directors and employees will ?receive all or a portion of their director fees or wages for the period from January 1, 2024, to ?December 31, 2024 in common shares of the Company , with the remaining amount, if any, to be ?satisfied in cash.? The [...]
Rio2 Ltd. reports that, in accordance with the shares for service agreements announced January 25, 2023 and March 27, 2023 , it has agreed to issue 253,273 common shares at a deemed price of $0.38 per share to Directors and Officers of the Company. Under the Shares for Services Agreements, the deemed price per common share to be issued will be no less than the volume weighted average closing price of the Company's common [...]
Rio2 Ltd. reports that its wholly owned Chilean subsidiary, Fenix Gold Limitada, has been successful in being granted approval of its Environmental Impact Assessment for the construction and operation of its Fenix Gold Project located in the Atacama region of Chile. Rio2 welcomes the decision in Chile by the Committee of Ministers to approve the EIA for the Fenix Gold Project, which now allows the Company to advance the [...]
Rio2 Ltd. today announces that Chilean authorities have confirmed that the Committee of Ministers will announce their decision on the administrative appeal, previously filed by its subsidiary Fenix Gold Limitada, for the approval of the Fenix Gold EIA at a committee meeting scheduled for December 20, 2023. ABOUT RIO2 LIMITED Rio2 is a mining company with a focus on development and mining operations with a team that ?has [...]
Rio2 Ltd. today announces that it has filed an independent technical report dated October 16, 2023, entitled "NI 43-101 Technical Report on the Feasibility Study for the Fenix Gold Project" pursuant to National Instrument 43-101 Standards of Disclosure for Mineral Projects . The Technical Report has an effective date of October 16, 2023, and supports the disclosure made by the Company in its news release dated September [...]
Rio2 Ltd. reports that, in accordance with the shares for service agreements announced January 25, 2023 and March 27, 2023 , it has agreed to issue 479,198 common shares at a deemed price of $0.21 per share to Directors and Officers of the Company. Under the Shares for Services Agreements, the deemed price per common share to be issued will be no less than the volume weighted average closing price of the Company's common [...]
Rio2 Ltd. announces the results of voting at its Annual and Special General Meeting of Shareholders held on Wednesday, September 27, 2023. A total of 119,076,933 common shares were voted, representing 46.02% of 258,753,108 shares issued and outstanding as of the record date of the meeting. Shareholders voted in favor of all items put forward by the board of directors and management. All seven of the individuals nominated [...]
Rio2 Ltd. today announces the Feasibility Study for its 100% owned Fenix Gold Project located in the Maricunga Mineral Belt of the Atacama Region, Chile. The FS, authored by international mining consultants Mining Plus, includes updated Mineral Resource and Mineral Reserve estimates , a run of mine heap leach operational plan, and updated capital and operating cost estimates. The deposit is interpreted as an intrusion [...]
Rio2 Ltd. reports that, in accordance with the shares for service agreements announced January 25, 2023 and March 27, 2023 , it has agreed to issue 372,974 common shares at a deemed price of $0.27 per share to Directors and Officers of the Company. Under the Shares for Services Agreements, the deemed price per common share to be issued will be no less than the volume weighted average closing price of the Company's common [...]
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