Rio2 Limited (TSE:RIO) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Rio2 Limited’s subsidiary, Fenix Gold Limitada, has obtained all necessary Sectorial Permits to initiate construction of the Fenix Gold Mine in Chile, with an anticipated construction start in November. The company is currently evaluating financing proposals and progressing with due diligence, signaling a significant step towards realizing the project’s potential. The Fenix Gold Mine is set to contribute positively to the Atacama Region with one of the largest undeveloped gold oxide resources in the Americas.
For further insights into TSE:RIO stock, check out TipRanks’ Stock Analysis page.