NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Rio2 Limited (“Rio2” or the “Company”) (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) today announces that it has arranged a mine construction financing package expected to total approximately US$150 million for construction and general working capital of the Company’s 100%-owned Fenix Gold Project in Chile (“Fenix Gold” or the “Project”). This funding packag ...

Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) is spending nearly $7 billion to acquire diverse lithium company Arcadium Lithium, a sign of confidence in the long-term demand for lithium. Earlier this week, Rio Tinto announced its plan to acquire Arcadium Lithium PLC (NYSE:ALTM, ASX:LTM) in an all-cash transaction valued at $5.85 per share, representing a 90% premium to Arcadium's recent closing price. The deal, which values Arcadium at approximately $6.96 billion in enterprise value, underscores Rio's strateg ...

Retirement is complicated and you only get once chance to do it right. Don't miss out because you didn't know what was out there. The Retirement Forum provides actionable ideals, a high-yield safe retirement portfolio, and macroeconomic outlooks, all to help you maximize your capital and your income. We search the entire market to help you maximize returns. Rio Tinto ( OTCPK:RTNTF ) is one of the largest mining companies in the world, with a market capitalization of $114 billion USD. The company just announ ...

RIO is currently stuck in an eight-day losing streak, and options bears are piling on Rio Tinto plc ADR (NYSE:RIO) is getting into the lithium market. The global mining giant that produces iron ore, copper, aluminum, and other materials officially announced its purchase of U.S.-based Arcadium Lithium (ALTM) for $6.7 billion, or $5.85 per share. RIO is down 2% to trade at $65.37 in response, while ALTM is 30% higher to trade at $5.55. Rio Tinto stock gapped lower by 4.3% yesterday when the news first broke. ...

Rio Tinto (RIO, Financial), the world's second-largest mining company, has received board approval for its $6.7 billion cash acquisition of Arcadium Lithium (ALTM). This strategic move aims to position Rio Tinto as a leading producer of critical battery materials. The company announced plans to purchase Arcadium Lithium at $5.85 per share, representing a 90% premium over Arcadium Lithium's closing share price on October 4th, before Rio Tinto confirmed its bid. CEO Jakob Stausholm remarked that this acquisit ...

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When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Rio Tinto (RIO) . Rio Tinto currently has an average brokerage recommendation (ABR) of 1.62, o ...

Rio Tinto (RIO) has completed its previously announced acquisition of the 11.65% interest in Boyne Smelters Ltd ("BSL") from Mitsubishi Corporation (MSBHF) . BSL is located at Boyne Island in Central Queensland and is Australia's second-largest aluminum smelter. This transaction takes Rio Tinto's ownership of BSL to 71.04% while Mitsubishi will no longer have any stake in the same. Rio Tinto to Increase Stake in BSL to 73.5% On May 31, Rio Tinto agreed to acquire a 2.46% share in BSL that was held by Sumito ...

RAD's Chief Security Officer, Troy McCanna, Highlights the Impact of AI-Driven Technology on Public Safety During Interview Detroit, Michigan, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the "Company") (OTCPK:AITX), a global leader in AIdriven security and productivity solutions for enterprise clients, is pleased to announce that its solar-powered RIO™ 360 security tower was featured in a recent segment on News 5 Cle ...

Rio Tinto Group (RIO) shares have gained 10.3% in the past week, outperforming the industry's 9.7% rise and the Basic Materials sector's 4.9% return. The S&P 500 has moved up 0.4% in the same timeframe. The recent jump in the RIO stock is attributed to China's announcement of the largest stimulus package since the pandemic in an attempt to revive its economic growth to its 5% target for 2024. This has led to a muchawaited recovery in iron ore prices, which so far have been weighed down by weak demand in Chi ...