{"success":true,"data":{"pressRelease":{"id":"100736","rtpr_id":"nGNX1lkTGW","ticker":"RIO","exchange":"TSX","all_tickers":["RIO"],"title":"Rio2 Announces Participation in Royal Road’s Brokered Life Offering","author":"Globe Newswire","published_at":"2026-07-28T14:37:58.032Z","article_body":"VANCOUVER, British Columbia, July 28, 2026 (GLOBE NEWSWIRE) -- Rio2 Limited\n(“Rio2”) (TSX: RIO; OTCQX: RIOFF; BVL: RIO) announces that it has\nparticipated in the Royal Road Minerals Limited (“Royal Road”) Brokered\nLIFE Offering which closed on July 28, 2026 with the purchase of 10,000,000\nordinary shares of Royal Road at the price of $0.20 per share ($2,000,000 in\ntotal).\n\nPursuant to the Investor Rights Agreement announced on September 29, 2025,\nRio2 has the right to participate in equity financings by Royal Road to\nmaintain its pro rata ownership in Royal Road at the time of any such\nfinancing or acquire up to a 15% ownership interest in Royal Road (after\ngiving effect to the financing) provided that Rio2 owns at least a 9.5% in\nRoyal Road (calculated in accordance with the Investor Rights Agreement).\n\nFollowing the completion of the Royal Road Brokered LIFE Offering on July 28,\n2026 and the purchase by Rio2 of 10,000,000 shares under that placement, Rio2\nhas beneficial ownership, control and direction over an aggregate of\n54,021,667 shares, representing approximately 16.33% of the issued and\noutstanding shares of Royal Road on a non-diluted basis. Prior to this\nplacement, Rio2 held 44,021,667 shares of Royal Road, representing\napproximately 15% of Royal Road’s issued and outstanding shares.\n\nRio2 acquired these shares for investment purposes. Rio2 may, from time to\ntime, subject to the Investor Rights Agreement, acquire additional shares or\nother securities of Royal Road or dispose of some or all of the shares or\nother securities of Royal Road that it owns at such time.\n\nThis news release is being issued in connection with the filing of an early\nwarning report (the “Early Warning Report”) pursuant to the requirements\nof National Instrument 62-103, The Early Warning System and Related Take-Over\nBid and Insider Reporting Issues. The Early Warning Report will be\nelectronically filed with the applicable securities commission in each\njurisdiction where Royal Road is reporting and will be available under the\nprofile of Royal Road and Rio2 on SEDAR+ at www.sedarplus.ca. A copy of the\nEarly Warning Report may also be requested by contacting the Executive Vice\nPresident, CFO & Corporate Secretary of Rio2 directly at the telephone number\nbelow.\n\nABOUT RIO2 LIMITED\n\nRio2 is a diversified precious metals and copper producer focused on building\nand operating mines with a management team that has proven technical skills as\nwell as a successful capital markets track record. The Company is currently\nproducing gold at its Fenix Gold heap leach mine in Chile and\ncopper/gold/silver at its recently acquired Condestable underground mine in\nPeru. Rio2 and its wholly owned subsidiaries, Fenix Gold Limitada and\nCompañía Minera Condestable S.A., are companies that operate with the\nhighest environmental standards and responsibility with the firm conviction\nthat it is possible to develop mining projects that respect the three pillars\n(Social, Environment, Economics) of responsible development. As related\ncompanies, we reaffirm our commitment to apply environmental standards beyond\nthose mandated by regulators, seeking to protect and preserve the environment\nin the territories where we operate.\n\nForward-Looking Statements\n\nThis news release contains certain “forward-looking information” within\nthe meaning of applicable Canadian securities legislation. Forward-looking\ninformation includes, but is not limited to, statements regarding the future\nplans or intentions of Rio2, including any potential future acquisitions or\ndispositions of securities of Royal Road. Forward-looking information is based\non a number of factors and assumptions which have been used to develop such\ninformation but which may prove to be incorrect. Forward-looking information\ninvolves known and unknown risks, uncertainties and other factors which may\ncause actual results, performance or achievements to differ materially from\nthose anticipated. Readers should not place undue reliance on forward-looking\ninformation. Except as required by applicable securities laws, Rio2 does not\nundertake any obligation to update or revise any forward-looking information,\nwhether as a result of new information, future events or otherwise.\n\nTo learn more about Rio2 Limited, please visit: www.rio2.com or Rio2's SEDAR+\nprofile at www.sedarplus.ca.\n\nON BEHALF OF THE BOARD OF RIO2 LIMITED\n\nAlex Black\nExecutive Chairman of the Board\nEmail: alex.black@rio2.com\nTel: +51 99279 4655\n\nKathryn Johnson\nExecutive Vice President, CFO & Corporate Secretary\nEmail: Kathryn.johnson@rio2.com\nTel: +1 604 762 4720\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/a7d2c0c7-589c-4de2-97f4-ca53d4253858)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX1lkTGW","title":"Rio2 Announces Participation in Royal Road’s Brokered Life Offering","author":"Globe Newswire","ticker":"RIO","created":"2026-07-28T14:37:58.032Z","tickers":["RIO"],"exchange":"TSX","article_body":"VANCOUVER, British Columbia, July 28, 2026 (GLOBE NEWSWIRE) -- Rio2 Limited\n(“Rio2”) (TSX: RIO; OTCQX: RIOFF; BVL: RIO) announces that it has\nparticipated in the Royal Road Minerals Limited (“Royal Road”) Brokered\nLIFE Offering which closed on July 28, 2026 with the purchase of 10,000,000\nordinary shares of Royal Road at the price of $0.20 per share ($2,000,000 in\ntotal).\n\nPursuant to the Investor Rights Agreement announced on September 29, 2025,\nRio2 has the right to participate in equity financings by Royal Road to\nmaintain its pro rata ownership in Royal Road at the time of any such\nfinancing or acquire up to a 15% ownership interest in Royal Road (after\ngiving effect to the financing) provided that Rio2 owns at least a 9.5% in\nRoyal Road (calculated in accordance with the Investor Rights Agreement).\n\nFollowing the completion of the Royal Road Brokered LIFE Offering on July 28,\n2026 and the purchase by Rio2 of 10,000,000 shares under that placement, Rio2\nhas beneficial ownership, control and direction over an aggregate of\n54,021,667 shares, representing approximately 16.33% of the issued and\noutstanding shares of Royal Road on a non-diluted basis. Prior to this\nplacement, Rio2 held 44,021,667 shares of Royal Road, representing\napproximately 15% of Royal Road’s issued and outstanding shares.\n\nRio2 acquired these shares for investment purposes. Rio2 may, from time to\ntime, subject to the Investor Rights Agreement, acquire additional shares or\nother securities of Royal Road or dispose of some or all of the shares or\nother securities of Royal Road that it owns at such time.\n\nThis news release is being issued in connection with the filing of an early\nwarning report (the “Early Warning Report”) pursuant to the requirements\nof National Instrument 62-103, The Early Warning System and Related Take-Over\nBid and Insider Reporting Issues. The Early Warning Report will be\nelectronically filed with the applicable securities commission in each\njurisdiction where Royal Road is reporting and will be available under the\nprofile of Royal Road and Rio2 on SEDAR+ at www.sedarplus.ca. A copy of the\nEarly Warning Report may also be requested by contacting the Executive Vice\nPresident, CFO & Corporate Secretary of Rio2 directly at the telephone number\nbelow.\n\nABOUT RIO2 LIMITED\n\nRio2 is a diversified precious metals and copper producer focused on building\nand operating mines with a management team that has proven technical skills as\nwell as a successful capital markets track record. The Company is currently\nproducing gold at its Fenix Gold heap leach mine in Chile and\ncopper/gold/silver at its recently acquired Condestable underground mine in\nPeru. Rio2 and its wholly owned subsidiaries, Fenix Gold Limitada and\nCompañía Minera Condestable S.A., are companies that operate with the\nhighest environmental standards and responsibility with the firm conviction\nthat it is possible to develop mining projects that respect the three pillars\n(Social, Environment, Economics) of responsible development. As related\ncompanies, we reaffirm our commitment to apply environmental standards beyond\nthose mandated by regulators, seeking to protect and preserve the environment\nin the territories where we operate.\n\nForward-Looking Statements\n\nThis news release contains certain “forward-looking information” within\nthe meaning of applicable Canadian securities legislation. Forward-looking\ninformation includes, but is not limited to, statements regarding the future\nplans or intentions of Rio2, including any potential future acquisitions or\ndispositions of securities of Royal Road. Forward-looking information is based\non a number of factors and assumptions which have been used to develop such\ninformation but which may prove to be incorrect. Forward-looking information\ninvolves known and unknown risks, uncertainties and other factors which may\ncause actual results, performance or achievements to differ materially from\nthose anticipated. Readers should not place undue reliance on forward-looking\ninformation. Except as required by applicable securities laws, Rio2 does not\nundertake any obligation to update or revise any forward-looking information,\nwhether as a result of new information, future events or otherwise.\n\nTo learn more about Rio2 Limited, please visit: www.rio2.com or Rio2's SEDAR+\nprofile at www.sedarplus.ca.\n\nON BEHALF OF THE BOARD OF RIO2 LIMITED\n\nAlex Black\nExecutive Chairman of the Board\nEmail: alex.black@rio2.com\nTel: +51 99279 4655\n\nKathryn Johnson\nExecutive Vice President, CFO & Corporate Secretary\nEmail: Kathryn.johnson@rio2.com\nTel: +1 604 762 4720\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/a7d2c0c7-589c-4de2-97f4-ca53d4253858)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-07-28T14:37:58.093567288Z","server_sent_at_ms":1785249478093},"received_at":"2026-07-28T14:37:58.145Z","source_url":"https://www.globenewswire.com/news-release/2026/07/28/3334469/0/en/rio2-announces-participation-in-royal-road-s-brokered-life-offering.html"},"analysis":{"id":"89771","press_release_id":"100736","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":[],"eventType":"operations_update","narrative":"Rio2 invested $2 million in Royal Road Minerals, purchasing 10 million shares at $0.20 per share to participate in Royal Road's Brokered LIFE Offering.\n\nThe transaction increases Rio2's ownership stake to approximately 16.33%, or 54 million shares, up from a 15% position prior to the deal.\n\nThis move was made under the terms of an Investor Rights Agreement to maintain Rio2's pro rata ownership in the company.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Rio2 increases strategic stake in Royal Road to 16.3%."},"keyFigures":{"dealValueUsd":2000000,"customDimensions":{"shares_acquired":10000000,"total_shares_held_post":54021667,"acquisition_price_per_share":0.2,"ownership_percent_pre_transaction":"15%","ownership_percent_post_transaction":"16.33%"}},"quotedText":"","namedEntities":{"people":[{"name":"Alex Black","role":"Executive Chairman of the Board"},{"name":"Kathryn Johnson","role":"Executive Vice President, CFO & Corporate Secretary"}],"products":["Fenix Gold heap leach mine","Condestable underground mine"],"companies":[{"name":"Rio2 Limited","ticker":"RIO"},{"name":"Royal Road Minerals Limited","relationship":"Investee / Partner"}],"dollarAmounts":[{"amount":"$2,000,000","context":"total purchase price of Royal Road shares"},{"amount":"$0.20","context":"price per share for Royal Road investment"}]},"materialImpact":{"score":2,"reasoning":"Rio2 made a $2 million strategic investment to increase its minority stake in Royal Road to 16.3%. While this maintains the company's pro rata ownership rights, the dollar amount is relatively small compared to Rio2's core mining operations."},"tickerRelevance":{"others":[],"primary":"RIO"},"globalImportance":12,"audienceRelevance":15,"eventTypeSecondary":["partnership"],"importanceComponents":{"tickerTier":"small-mid-cap","eventGravity":"minority-investment","sectorWeight":"materials"}},"event_type":"operations_update","event_type_secondary":["partnership"],"sentiment":"neutral","material_impact_score":2,"narrative":"Rio2 invested $2 million in Royal Road Minerals, purchasing 10 million shares at $0.20 per share to participate in Royal Road's Brokered LIFE Offering.\n\nThe transaction increases Rio2's ownership stake to approximately 16.33%, or 54 million shares, up from a 15% position prior to the deal.\n\nThis move was made under the terms of an Investor Rights Agreement to maintain Rio2's pro rata ownership in the company.","key_figures":{"dealValueUsd":2000000,"customDimensions":{"shares_acquired":10000000,"total_shares_held_post":54021667,"acquisition_price_per_share":0.2,"ownership_percent_pre_transaction":"15%","ownership_percent_post_transaction":"16.33%"}},"named_entities":{"people":[{"name":"Alex Black","role":"Executive Chairman of the Board"},{"name":"Kathryn Johnson","role":"Executive Vice President, CFO & Corporate Secretary"}],"products":["Fenix Gold heap leach mine","Condestable underground mine"],"companies":[{"name":"Rio2 Limited","ticker":"RIO"},{"name":"Royal Road Minerals Limited","relationship":"Investee / Partner"}],"dollarAmounts":[{"amount":"$2,000,000","context":"total purchase price of Royal Road shares"},{"amount":"$0.20","context":"price per share for Royal Road investment"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-07-28T20:38:22.473Z","global_importance":12,"audience_relevance":15,"importance_components":{"tickerTier":"small-mid-cap","eventGravity":"minority-investment","sectorWeight":"materials"}},"durationMs":null,"modelName":"glm-4.7"}}