PresentationGood morning again, ladies and gentlemen. The next company to present is Rio2. They're a diversified precious metals and copper producer, who's currently producing gold at its Fenix Gold heap leach mine in Chile and copper, gold and silver at its recently acquired Condestable underground mine in Peru. Presenting on behalf of the company today is President, CEO and Director and Executive Chairman, I guess, Alex Black. We'll go with that.Alexander BlackExecutive Chairman Thanks a lot. Just 2 ackno ...

Core Insights - Rio2 Limited is participating in BMO's 35th Global Metals, Mining, and Critical Minerals Conference to discuss growth plans for the Fenix Gold Mine and the newly acquired Condestable Mine [1] - The presentation at the BMO Conference is scheduled for February 25, 2026, at 9:00 AM [1] - Rio2 will also participate in PDAC, with a presentation by Andrew Cox on March 2 at 10:10 AM [2] Company Overview - Rio2 Limited is a diversified producer of precious metals and copper, focusing on building and operating mines [3] - The company is currently producing gold at the Fenix Gold heap leach mine in Chile and copper/gold/silver at the Condestable underground mine in Peru [3] - Rio2 emphasizes high environmental standards and responsible development, aiming to exceed regulatory requirements [3]

VANCOUVER, British Columbia, Feb. 20, 2026 (GLOBE NEWSWIRE) -- Rio2 Limited (“Rio2” or the “Company”) (TSX: RIO; OTCQX: RIOFF; BVL: RIO) is pleased to announce that its executive team lead by Alex Black, Executive Chairman of the Board, and Andrew Cox, President & CEO, will attend BMO’s 35th Global Metals, Mining, and Critical Minerals Conference next week in Hollywood, Florida, to discuss its future growth plans for the Fenix Gold Mine and the newly acquired Condestable Mine. Rio2 is set to present on Wedn ...

Core Viewpoint - Rio2 Limited has successfully acquired a 99.1% interest in the Condestable mine in Peru, marking a significant step towards becoming a diversified and profitable Latin American miner [1][2]. Acquisition Details - The acquisition was completed under a definitive share purchase agreement dated December 8, 2025, with Rio2 acquiring all issued and outstanding shares of certain subsidiaries of Southern Peaks Mining L.P., which holds the interest in Condestable [3]. - The acquisition is subject to final approval from the Toronto Stock Exchange [4]. Operational Insights - The operational record of the Condestable Mine over the past twelve years has been described as exemplary, with an expected integration process taking approximately six months [2]. - The target annual production for the Condestable mine is set at around 27,000 tonnes of copper equivalent [2]. Financial Aspects - To fund the acquisition, Rio2 closed a bought deal financing of 86,094,750 subscription receipts at an issue price of C$2.22 per receipt, resulting in gross proceeds of C$191,130,345 [6]. - The proceeds from the equity financing will be used for working capital and general corporate purposes, with part allocated to the cash consideration for the acquisition [7]. Vendor Debt - As part of the acquisition closing, Rio2 delivered a secured promissory note of US$55 million and a subordinated mezzanine promissory note of US$10 million to Southern Peaks, both with six-year terms [10]. Company Overview - Rio2 is focused on building and operating mines, currently producing gold at its Fenix Gold heap leach mine in Chile and copper/gold/silver at the newly acquired Condestable mine [12]. - The company emphasizes high environmental standards and responsible development in its operations [12].

Core Viewpoint - Rio2 Limited has successfully completed its first official gold pour at the Fenix Gold Mine in Chile, marking a significant milestone in its operations and development [1][2]. Group 1: Operational Milestones - The first gold pour yielded approximately 897 ounces of gold, in addition to about 358 ounces produced during the plant commissioning process in December, totaling approximately 1,255 ounces of gold [2]. - The combined gold pours also produced approximately 131 ounces of silver, establishing Fenix Gold as the newest gold mine in Chile [2]. Group 2: Future Production Plans - Rio2 aims to ramp up operations at Fenix Gold to 20,000 tonnes per day of ore by the end of 2026, targeting gold production of 60,000 to 70,000 ounces for the year [3][6]. - The company plans to provide further updates on project progress and guidance as mining and gold production continue throughout 2026 [6]. Group 3: Leadership Commentary - Alex Black, Executive Chairman, emphasized the achievement as a culmination of an eight-year journey since the merger with Atacama Pacific Gold Corporation, highlighting the team's discipline and determination [4]. - Andrew Cox, President and CEO, expressed pride in the team's accomplishment during a short 14-month construction period, focusing on safe and efficient ramp-up operations [4][6]. Group 4: Company Overview - Rio2 is committed to high environmental standards and responsible development, aiming to balance social, environmental, and economic factors in its mining projects [8]. - The company is focused on the development and mining operations of the Fenix Gold Mine, with a strong emphasis on technical skills and capital markets success [8].

Core Insights - The article emphasizes the importance of management competency, gold deposit size and longevity, and mine plan complexity in evaluating gold stocks for investment [1] - It advocates for investing in small-cap stocks, particularly those with strong balance sheets and no long-term debt, as they are often overlooked by Wall Street [1] - The article highlights the potential of gold as a stable asset amidst inflationary pressures from the Federal Reserve's monetary policies [1] Investment Strategy - The company suggests that holding undervalued stocks backed by hard assets like gold can yield profitable returns [1] - It points out that investors have a unique opportunity to buy micro-cap stocks before they gain attention from the broader market, which can lead to significant gains [1] - The importance of patience in investing is stressed, as early purchases can lead to lucrative outcomes [1] Economic Context - The article discusses the risks of currency devaluation and historical currency failures, indicating that the U.S. is not immune to such threats [1] - It notes that companies with more cash assets than debt are better positioned to weather economic downturns [1]

Core Viewpoint - Rio2 Limited has successfully closed a brokered private placement, raising C$14 million (approximately US$10 million) through the sale of 6,306,300 common shares at a price of C$2.22 (approximately US$1.585) per share [1][2]. Group 1: Financial Details - The private placement involved the sale of 6,306,300 common shares [1]. - The total gross proceeds from the placement amounted to C$14 million (approximately US$10 million) [1]. - The shares were sold to investors in Peru and Chile [1]. Group 2: Use of Proceeds - The net proceeds from the private placement will be utilized for working capital and general corporate purposes [2]. Group 3: Company Overview - Rio2 Limited is a mining company focused on the development and mining operations, particularly the Fenix Gold Project in Chile [4]. - The company aims to achieve production in the shortest possible timeframe through a staged development strategy [4]. - Rio2 is committed to high environmental standards and sustainable development practices [4].

Core Viewpoint - Rio2 Limited has successfully closed an upsized bought deal financing, raising approximately C$191.13 million (around US$138 million) through the issuance of 86,094,750 subscription receipts at a price of C$2.22 each, which will be used for the acquisition of the Condestable Mine and general corporate purposes [1][2]. Financing Details - The net proceeds from the equity financing will be allocated to the cash consideration for the acquisition of the Condestable Mine and for general corporate and working capital needs [2]. - The financing was underwritten by Raymond James Ltd., Stifel Canada, and BMO Capital Markets, who acted as co-lead underwriters and joint bookrunners [2]. Conditions and Timeline - The net proceeds will be held in escrow until certain release conditions are met, including the completion of the acquisition as per the definitive agreement [3]. - If the release conditions are satisfied by March 31, 2026, holders of subscription receipts will receive one common share of Rio2 for each receipt held [3]. - The acquisition is anticipated to be completed in January 2026, subject to closing conditions [4]. Trading Information - The subscription receipts are expected to begin trading on the Toronto Stock Exchange under the ticker symbol "RIO.R" starting December 15, 2026 [4]. Company Overview - Rio2 Limited is a mining company focused on development and mining operations, particularly the Fenix Gold Project in Chile, with a commitment to high environmental standards and responsible development [5].

Core Points - Rio2 Limited has participated in a non-brokered private placement of Royal Road Minerals Limited, purchasing 4,166,667 ordinary shares at $0.18 per share, totaling $750,000 [1] - Following this transaction, Rio2 now holds a total of 44,021,667 shares in Royal Road, representing approximately 15% of the issued and outstanding shares on a non-diluted basis [3] - The acquisition of shares is for investment purposes, and Rio2 may acquire additional shares or dispose of its holdings in the future, subject to the Investor Rights Agreement [4] Summary by Sections Investment Details - Rio2 acquired 4,166,667 shares of Royal Road at a price of $0.18 per share, amounting to $750,000 [1] - The purchase allows Rio2 to maintain its pro rata ownership in Royal Road and potentially increase its ownership interest up to 15% [2] Ownership Status - After the private placement, Rio2's total beneficial ownership in Royal Road is 44,021,667 shares, which is approximately 15% of the total shares [3] - Prior to this placement, Rio2 held 39,855,000 shares, also representing around 15% of Royal Road's shares [3] Company Profile - Rio2 is focused on mining operations and development, particularly the Fenix Gold Project in Chile, emphasizing environmental responsibility and sustainable practices [6]

Core Viewpoint - Rio2 Limited has participated in a private placement of Royal Road Minerals Limited, acquiring 4,166,667 shares at $0.18 per share, totaling $750,000, which increases its ownership stake in Royal Road to approximately 15% [1][3]. Group 1: Investment Details - The private placement closed on November 27, 2025, with Rio2 purchasing shares to maintain its pro rata ownership in Royal Road [1][2]. - Following the placement, Rio2's total beneficial ownership in Royal Road is now 44,021,667 shares, representing about 15% of the issued shares on a non-diluted basis [3]. - Prior to this transaction, Rio2 held 39,855,000 shares, also representing approximately 15% of Royal Road's issued shares [3]. Group 2: Future Intentions - Rio2 acquired these shares for investment purposes and may acquire additional shares or dispose of its holdings in Royal Road in the future, subject to the Investor Rights Agreement [4]. Group 3: Company Overview - Rio2 Limited is focused on mining operations and development, particularly the Fenix Gold Project in Chile, emphasizing environmental responsibility and sustainable practices [6].