Eric Sprott, a 10% Holder, acquired 5,128,500 Common Shares on a direct ownership basis at a price of $0.390 through a prospectus or prospectus exempt offering on April 17th, 2024. This represents a $2,000,115 investment into the company's shares and an account share holdings change of 19.8%.
Rio2 is in the Gold Sub Industry Group under the Basic Materials Sector.
Rio2 Limited is a Canada-based mining company with a focus on development and mining operations. The Company is focused on its Fenix Gold Project in Chile. The Fenix Gold Project, 16,050 hectares, is located in Atacama Region, in the Copiapo Province, Chile, specifically in the Maricunga Mineral Belt, approximately 160 kilometers northeast of Copiapo by International Road CH-31. It is an undeveloped gold heap leach project in the Americas. The Fenix Gold is a mining district that contains over 70 million ounces of gold and hosts the La Coipa and Refugio mines, as well as the Volcan, Caspiche, Lobo Marte and Cerro Casale deposits. The Company's subsidiary is Fenix Gold Limitada. Rio2 Limited (RIO) has a high amount of executive buying compared to its small-cap peers in the market over the past three months. According to regulatory filings yesterday, one insider has invested a total amount of $2,000,115.
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