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Rio Silver ( (TSE:RYO) ) has issued an update.
Rio Silver Inc announced an option agreement to sell a 100% interest in its Niñobamba advanced gold-silver project in Peru to African Energy Metals. The agreement involves a series of cash payments and share issuances, with Rio Silver providing operational support for a year. This move enables Rio Silver to pursue further acquisitions and enhance its strategic position in the market, benefiting stakeholders through continued growth and opportunities in Peru’s supportive mining environment.
More about Rio Silver
Rio Silver Inc is a Canadian exploration and development company focusing on precious and base metal properties in Peru, while also maintaining interests in the Gerow Lake critical metals project in Ontario. The company aims to leverage opportunities for near-term cash-flowing production through strategic acquisitions in a non-dilutive, shareholder-friendly manner.
YTD Price Performance: 0%
Average Trading Volume: 81,890
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$1.27M
Find detailed analytics on RYO stock on TipRanks’ Stock Analysis page.
