Rio2 invests $750000 in Royal Road private placement

Rio2 Limited (TSX: RIO; OTCQX: RIOFF; BVL: RIO) purchased 4,166,667 ordinary shares of Royal Road Minerals Limited at $0.18 per share in a private placement that closed November 27, 2025, according to a company statement.

The investment totaled $750,000 and maintains Rio2's approximately 15% ownership stake in Royal Road. Following the transaction, Rio2 holds 44,021,667 shares of Royal Road, representing about 15% of the company's issued and outstanding shares on a non-diluted basis. Prior to this placement, Rio2 owned 39,855,000 Royal Road shares.

Under an Investor Rights Agreement announced September 29, 2025, Rio2 has the right to participate in Royal Road equity financings to maintain its pro rata ownership or acquire up to 15% ownership interest, provided Rio2 maintains at least 9.5% ownership in Royal Road.

Rio2 stated the shares were acquired for investment purposes and that it may acquire additional Royal Road securities or dispose of existing holdings in the future, subject to the Investor Rights Agreement.

The company filed an early warning report pursuant to National Instrument 62-103 requirements, which will be available on SEDAR+ under both companies' profiles.

Rio2 is a mining company focused on development and mining operations, with its primary project being the Fenix Gold Project in Chile. The company operates through its wholly owned subsidiary, Fenix Gold Limitada.

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