Rio2 Announces Upsize of Previously Announced Bought Deal Financing to C$166 Million NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Dec. 08, 2025 (GLOBE NEWSWIRE) -- Rio2 Limited (“Rio2” or the “Company”) (TSX: RIO; OTCQX: RIOFF; BVL: RIO) is pleased to announce that due to strong investor demand, the Company, Raymond James Ltd., (“Raymond James”), Stifel Nicolaus Canada Inc. (“Stifel”), and BMO Nesbitt Burns Inc. (“BMO”), the co-lead underwriters and joint bookrunners (collectively, the “Underwriters”) have...
What you need to know: • Rio2 announced that it has entered into a definitive agreement with Southern Peaks Mining L.P. (a private company) to acquire its 99.1% interest in the Condestable underground copper mine, located in Peru. • Condestable is forecasted to produce 27Ktpa CuEq or ~80Koz AuEq, has a reserve mine life of over 10 years, and has expansion potential. • On closing, Southern Peaks will receive an upfront consideration of $180M, including $80M in cash, $65M in vendor debt financing...
Rio2 Expands in Latin America With the Acquisition of the Producing Condestable Mine Positions Rio2 as a Diversified Latin American Gold Miner with Copper Exposure Concurrent C$140 Million Bought Deal Equity Financing to Support the Acquisition NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Dec. 08, 2025 (GLOBE NEWSWIRE) -- Rio2 Limited (“Rio2” or the “Company”) (TSX: RIO; OTCQX: RIOFF; BVL: RIO) today announced that it has entered into a definitive agreement (the “Agreement”) with Southern Peaks Mining L.P...
What you need to know: • Gold held strong in the low-$4,000/oz range (rising at the end of the month), silver extended its rally with an 18.5% increase, while copper capped off the month above $5.25/lb. • Mining equities rebounded sharply in November, with the GDX (+15.5%), GDXJ (+16.6%), SILJ (+16.7%), and COPX (+4.1%) massively outperforming broader indices (S&P 500 +0.4%, TSX +3.8%). • Policy momentum improved as the U.S. added copper and silver to its critical minerals list, G20 leaders opp...
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