Rio2 Limited (TSE:RIO) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Rio2 Limited has secured a substantial US$150 million financing package to fund the construction of its Fenix Gold Project in Chile, marking a major step in de-risking the venture. The package includes a US$120 million contribution from Wheaton Precious Metals and additional funds raised through a public offering and private placement. This development positions Rio2 to advance the Fenix Gold mine towards production, promising significant value for stakeholders.
For further insights into TSE:RIO stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue