NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Rio2 Limited (“Rio2” or the “Company”) (TSX: RIO; OTCQX: RIOFF; BVL: RIO) today announced that it has filed a prospectus supplement dated December 10, 2025 (the “Prospectus Supplement”), to its short form base shelf prospectus dated October 16, 2024, as amended pursuant to amendment no. 1 to such short form base shelf prospectus dated December 3, 2 ...

Core Points - Rio2 Limited has increased its previously announced "bought deal" financing from C$140 million to approximately C$166 million due to strong investor demand, equating to about US$120 million [1] - The financing involves the purchase of 74,865,000 Subscription Receipts at a price of C$2.22 per receipt, resulting in gross proceeds of C$166,200,300 [1] - An over-allotment option has been granted to the underwriters, allowing them to purchase additional Subscription Receipts equal to 15% of the number sold, exercisable within 30 days following the closing date [2] - The expected closing date for the Equity Financing is around December 15, 2025, pending customary closing conditions and necessary approvals from the TSX [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 timeframe possible [4] - The company emphasizes high environmental standards and responsible development, committing to exceed regulatory requirements to protect the environment [4]

Core Viewpoint - Sun Peak Metals Corp. has successfully closed an oversubscribed non-brokered private placement, raising a total of $6,668,622.10 to fund its acquisition of Saudi Discovery Company SPV Limited and advance its Shire VMS Project [1] Group 1: Private Placement Details - The private placement consisted of 16,032,470 subscription receipts from a wholly owned subsidiary, FinCo, generating gross proceeds of $5,611,364.50 at a price of $0.35 per receipt [1] - Additionally, 3,020,736 subscription receipts of Sun Peak were issued, raising gross proceeds of $1,057,257.60, also at a price of $0.35 per receipt [1] Group 2: Use of Proceeds - The net proceeds from the offering are intended for the advancement of the Shire VMS Project, working capital, general corporate purposes, and initial exploration work at SDC's properties upon completion of the acquisition [1]

Arizona Copper and Gold Ltd. and Core Nickel Corp. Announce Closing of Concurrent FinancingsNovember 26, 2025 5:55 PM EST | Source: Core Nickel Corp.Toronto, Ontario--(Newsfile Corp. - November 26, 2025) - Arizona Copper and Gold Ltd. (the "Company" or "ACG") and Core Nickel Corp. (TSXV: CNCO) ("Core Nickel", and together with ACG, the "parties") are pleased to announce the closing of their previously announced concurrent brokered private placements (the "Concurrent Offerings") of Subscription ...

Group 1 - The company, Sun Peak Metals Corp., announced a non-brokered private placement of up to 14,285,714 subscription receipts at a price of $0.35 per receipt, aiming for aggregate gross proceeds of up to $5,000,000 [1] - The proceeds from the offering are intended for the advancement of its properties and for working capital and general corporate purposes [1] - This offering is in connection with a previously announced business combination with Saudi Discovery Company SPV Limited [1]

Core Viewpoint - First Nordic Metals Corp. has successfully closed a non-brokered private placement and a brokered private placement, raising approximately C$80 million in total gross proceeds [1] Group 1: Private Placements - The non-brokered private placement raised approximately C$68 million by issuing 178,947,368 subscription receipts at a price of C$0.38 each [2] - The brokered private placement, led by Desjardins Capital Markets, raised approximately C$12 million by issuing 31,578,947 subscription receipts at the same offering price [3] Group 2: Transaction Details - First Nordic has entered into an arrangement agreement to acquire all common shares of Mawson Finland Limited, with the transaction expected to close in December 2025, pending shareholder and regulatory approvals [4][11] - Subscription receipts from both placements will convert into common shares of NordCo Gold, subject to a 4:1 consolidation prior to the transaction's completion [5] Group 3: Use of Proceeds - Proceeds from the offerings will be allocated for exploration programs, transaction costs, and general corporate purposes, with funds held in escrow until certain conditions are met [6] Group 4: Fees and Commissions - First Nordic will pay finder's fees totaling C$258,000 and issue 1,091,273 shares to finders for the non-brokered placement, along with a cash commission of C$720,000 to agents for the brokered placement [7] Group 5: Company Overview - First Nordic Metals Corp. is focused on gold exploration in Sweden and Finland, with significant assets including the Barsele gold project and a district-scale position in the Oijärvi greenstone belt [12]

Core Viewpoint - Agnico Eagle Mines Limited has acquired 5,000,000 subscription receipts from Fuerte Metals Corporation for a total of C$8,250,000, aligning with its strategy of investing in projects with high geological potential [1][2]. Investment Details - The subscription receipts were purchased at a price of C$1.65 each, as part of a brokered private placement [1]. - Upon meeting certain escrow release conditions, each subscription receipt will convert into one unit of Fuerte, which includes one common share and one warrant [3]. Ownership Structure - Prior to the private placement, Agnico Eagle owned approximately 8.43% of Fuerte's common shares. After the transaction, it is expected to own approximately 8.12% on a non-diluted basis and 11.65% on a partially-diluted basis, assuming the exercise of the warrants [4]. Rights and Agreements - Agnico Eagle has an investor rights agreement with Fuerte, allowing it to maintain its ownership percentage and nominate board members under certain conditions [5]. - The company may acquire additional securities of Fuerte or dispose of its holdings depending on market conditions and strategic priorities [6]. Company Background - Agnico Eagle is Canada's largest mining company and the second-largest gold producer globally, with operations in Canada, Australia, Finland, and Mexico [9].

Core Points - Fuerte Metals Corporation has successfully closed an offering of subscription receipts through its subsidiary, Finco, raising approximately $57.5 million [1][2] - The proceeds will be utilized for the acquisition of the Coffee Gold Project in Yukon, Canada, and for advancing exploration and development activities [1][2] - The offering involved the issuance of 34,848,485 subscription receipts at a price of $1.65 each [2] Financial Details - The gross proceeds from the offering are approximately $57.5 million, which will be placed into escrow until all release conditions are met [2][3] - The Agents' Fee for the offering is set at 6% of the gross proceeds, with a specific 3% for purchasers on the President's List [5] Transaction Structure - Upon satisfaction of escrow release conditions, subscription receipts will convert into units consisting of one common share and one warrant, with the warrant allowing the purchase of a share at $2.50 for five years [3] - The offering is subject to approval from the TSX Venture Exchange [4] Insider Participation - Certain directors and insiders purchased a total of 5,479,000 subscription receipts, which is classified as a related party transaction [6] - The company is exempt from formal valuation and minority shareholder approval requirements due to the transaction's market capitalization being under 25% [6] Company Overview - Fuerte Metals Corporation is focused on advancing base and precious metals projects across the Americas, with the Coffee Project being its flagship asset [8] - The company also holds additional copper and gold assets in Chile and Mexico, indicating potential for growth and exploration [8]

Core Viewpoint - Q-Gold Resources Ltd. has successfully closed a private placement offering of subscription receipts, raising a total of $11,500,000 through the issuance of 76,666,667 subscription receipts at a price of $0.15 each, including the full exercise of the agent's over-allotment option [1][2][6] Offering Details - The subscription receipts were issued under a subscription receipt agreement and the gross proceeds, after deducting the agent's fees, are held in escrow pending the satisfaction of specific conditions [2][5] - Each subscription receipt will automatically convert into one unit upon meeting the escrow release conditions by November 14, 2025 [3] - Each unit consists of one common share and half a warrant, with the warrant allowing the purchase of one common share at $0.20 until October 3, 2027 [4] Financial Aspects - The agent is entitled to a cash commission of 6% of the gross proceeds, amounting to $690,000, with half paid immediately and the remainder held in escrow [6][8] - The net proceeds from the offering will be used for financing the acquisition of the Quartz Mountain Project, exploration programs, and general corporate purposes [8] Acquisition Context - The offering is linked to the proposed acquisition of Alamos Gold Inc.'s interest in the Quartz Mountain Project, with the completion of the acquisition subject to customary closing conditions [6][9][10] - Insider participation in the offering includes a director of the company subscribing for 2,000,000 subscription receipts, which is classified as a related party transaction [11] Regulatory Compliance - The offering is subject to final approval from the TSX Venture Exchange, and the company is working to meet all necessary regulatory requirements [9][10]

Core Viewpoint - Q-Gold Resources Ltd. has successfully closed a private placement offering of subscription receipts, raising a total of $11,500,000 through the issuance of 76,666,667 subscription receipts at a price of $0.15 each, including the full exercise of the over-allotment option by the agent [1][2]. Group 1: Offering Details - The subscription receipts were issued under a subscription receipt agreement and the gross proceeds, after deducting the agent's fees, have been placed in escrow pending the satisfaction of certain conditions [2][9]. - Each subscription receipt will automatically convert into one unit upon meeting the escrow release conditions by November 14, 2025 [3]. - Each unit consists of one common share and half a warrant, with the warrant allowing the purchase of one common share at $0.20 until October 3, 2027 [4]. Group 2: Financial Aspects - The agent is entitled to a cash commission of 6% of the gross proceeds, amounting to $690,000, with half paid immediately and the remainder contingent on the completion of the acquisition [7]. - The net proceeds from the offering will be used for financing the acquisition of the Quartz Mountain Project, exploration programs, and general corporate purposes [9]. Group 3: Acquisition and Conditions - The acquisition of the Quartz Mountain Project from Alamos Gold Inc. is expected to close by the escrow release deadline, subject to customary closing conditions [10][11]. - Insider participation in the offering includes a subscription of 2,000,000 subscription receipts by a director of the company, which is considered a related party transaction [12].