NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Rio2 Limited (“Rio2” or the “Company”) (TSX: RIO; OTCQX: RIOFF; BVL: RIO) is pleased to announce the closing of its previously announced and upsized bought deal financing (the “Equity Financing”) of 86,094,750 subscription receipts of the Company (the “Subscription Receipts”), at a price per Subscription Receipt of C$2.22, for aggregate gross proce ...

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].

Group 1 - Rio2 Limited has granted a total of 1,730,000 restricted share units to executive officers and directors, which are subject to vesting provisions under the Company's Share Incentive Plan [1] - The Company has also granted 400,000 stock options to certain executive officers, exercisable at a price of C$1.84 per share, with a five-year expiration from the grant date [2] - Rio2 is focused on developing its Fenix Gold Project in Chile, aiming for production in the shortest possible timeframe through a staged development strategy [3] Group 2 - Rio2 Limited emphasizes its commitment to high environmental standards and responsible development, aiming to protect and preserve the environment in the territories where it operates [3]

Company Overview - Rio2 Limited is a mining company focused on development and mining operations, particularly the Fenix Gold Project in Chile, aiming for production in the shortest possible timeframe through a staged development strategy [7] - The company emphasizes high environmental standards and responsible development, committing to protect and preserve the environment in its operational territories [7] Annual General Meeting (AGM) Details - The AGM will be held virtually on June 4, 2025, at 11 a.m. ET, allowing shareholders to participate online regardless of their geographic location [1] - Voting for the AGM is open until 11:00 a.m. ET on June 2, 2025 [3] - Registered shareholders and duly appointed proxyholders can participate in real-time online, while non-registered shareholders can attend as guests [4][5] Voting Information - Shareholders are encouraged to vote as soon as possible to ensure their shares are represented at the AGM [6] - Detailed voting procedures are outlined in the proxy materials available on the company's website and SEDAR+ [2]