It is with deep sadness that Rio2 Ltd. announces the passing of one of the Company's Foundation Directors, David Thomas. Mr. Thomas passed away unexpectedly at his home in Park City, Utah on Monday, November 1, 2021. He was 77 years of age. Mr. Thomas, an internationally experienced mining engineer, was an independent non-executive Director of the Company since April 21, 2017. He was chairman of the Health, Safety [...]
Rio2 Ltd. announces the results of voting at its Annual and Special General Meeting of Shareholders held on Tuesday, September 21, 2021. A total of 108,520,448 common shares were voted, representing 54.22% of 200,135,270 shares issued and outstanding as at 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. wishes to remind its shareholders that its forthcoming Annual General and Special Meeting of shareholders will be held on September 21, 2021 at 11 a.m. EST. This will be a completely virtual Meeting, to be conducted via live webcast where all shareholders, regardless of geographic location, will have an equal opportunity to participate online. Shareholders will not be able to attend the Meeting in person. The [...]
Sixth Wave Innovations Inc. and Rio2 Ltd. are pleased to announce the signing of a contract which provides for the continuation of testing of SIXW's patented IXOS? purification polymer at Rio2's Fenix Gold Project in Chile using Rio2's nearby Lince Infrastructure facilities. The Contract follows successful completion of testing done on representative samples of ore from Rio2's Fenix Gold Project at Sixth Wave's Salt Lake [...]
Rio2 Ltd. announces that it has closed the underwritten public offering of common shares of the Company and the private placement of Common Shares to Wheaton Precious Metals Corp. , previously announced for combined gross proceeds of C$35,144,122. A total of 44,275,000 Common Shares were issued pursuant to the Public Offering at the price of C$0.65 per share, inclusive of 5,775,000 Common Shares issued upon the exercise [...]
Rio2 Ltd. has obtained a receipt for its final short form prospectus dated August 4, 2021 filed in connection with previously announced underwritten public offering of common shares of the Company . Scotiabank, CIBC Capital Markets and Raymond James , as joint bookrunners and co-lead underwriters, along with Cantor Fitzgerald Canada Corporation, Sprott Capital Partners LP, and Cormark Securities Inc. are the underwriters [...]
Rio2 Ltd. is pleased to announce the pricing of its previously announced marketed public offering of common shares of the Company at a price of $0.65 per Common Share. Additionally, the Company's previously announced non-brokered private placement of Common Shares to Wheaton Precious Metals Corp. will also be conducted at a price of $0.65 per Common Share . RIO2 EQUITY OFFERING Scotiabank, CIBC Capital Markets and Raymond [...]
Rio2 Ltd. is pleased to announce that it has arranged mine construction financing totaling approximately US$125 to US$135 million to finance the construction of a mine at its 100%-owned Fenix Gold Project in Chile . The Mine Financing Package is comprised of the following components: Non-binding term sheet with Wheaton Precious Metals International Ltd. for a US$50 million Gold Purchase Agreement . BNP Paribas appointed [...]
Rio2 Ltd. announces positive results obtained from the Run-of-Mine heap leaching trial for its Fenix Gold Project in Chile. The ROM heap leaching trial was conducted by personnel of Fenix Gold Limitada, the Chilean subsidiary of Rio2 Ltd., and overseen by HLC Ingenier?a y Construcci?n, Rio2's independent metallurgical consultants who were awarded the process plant / site infrastructure construction contract for the Fenix [...]
Rio2 Ltd. today provides an update regarding its progress related to its Fenix Gold Project in Chile. Preparations are underway for the purchase of lead order items and equipment for the fabrication of the 20,000 tonnes per day Adsorption/Desorption processing plant which will be fabricated off-site and ultimately transported to the Fenix Gold Mine site for assembly once the project's construction permit is issued [...]
Rio2 Ltd. today announces that it has granted a total of 400,000 restricted share units to certain executive officers of the Company. The equity incentive awards have been granted pursuant to the Company's Share Incentive Plan and are subject to vesting provisions. ABOUT RIO2 LIMITED Rio2 is a mining company with a focus on development and mining operations with a team that has proven technical skills as well as a [...]
Rio2 Ltd. today announces that it has achieved another milestone towards the development of its Fenix Gold Project located in Chile by being granted provisional easement rights to surface lands owned by the Government. The easement rights cover 843 hectares of land that are required for the construction and operation of the Fenix Gold Mine as defined in the Pre-Feasibility Study . This constitutes an important milestone [...]
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