Rio2 Announces Receipt of RCA Resolution for the Fenix Gold Project & C$10 Million Private Placement
VANCOUVER, British Columbia, April 08, 2024 (GLOBE NEWSWIRE) -- Rio2 Limited (“Rio2” or the “Company”) (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) today announces that its Chilean subsidiary, Fenix Gold Limitada (“Fenix Gold”), has received the formal Resolución de Calificación Ambiental (Environmental Qualification Resolution, or RCA) for its Fenix Gold Project (the “Project”) located in the Maricunga Mineral Belt of the Atacama Region, Chile.
- The RCA has been issued following the approval of the Project’s Environmental Impact Assessment previously announced on December 20, 2023.
- The receipt of the RCA now allows Fenix Gold to advance permitting activities for the Project.
- The current timing for receipt of these principal permits is by the end of July 2024.
- The Company is seeking to finance a substantial component of the initial capital costs by way of Project related debt.