Canada’s Rio2 (TSX-V: RIO) has received the final $50 million payment from Wheaton Rare-earth elements to progress building of its Fenix gold task in Chile, among the biggest primitive gold oxide load leach jobs in the Americas.
The settlement finishes a four-part financing contract under a rare-earth elements acquisition and pre-pay setup initially introduced in 2021. With this most current tranche, Rio2 has actually currently obtained all dedicated funding from Wheaton to sustain Fenix’s growth.
The $235-million task, situated in Chile’s Atacama area, will certainly run as a run-of-mine load leach center, removing the demand for squashing or tailings facilities to lower its ecological influence. Building began in February and is anticipated to develop regarding 1,200 tasks throughout the develop stage and 550 long-term settings over the mine’s 17-year life.
According to a 2023 expediency research study submitted under Canada’s NI 43-101 requirements, Fenix hosts determined and shown sources of 4.8 million ounces of gold.
2 months to initial gold
Rio2 claimed the most up to date financing from Wheaton will certainly maintain recurring building as the business targets initial gold manufacturing with a presented growth strategy. Since completion of the 3rd quarter of 2025, building was63% complete The task stays on time and within allocate initial gold gather January 2026.
Given That November 2024, Rio2 has actually invested $86.7 million on jobs finished, carefully tracking its $86.6 million budget plan. These numbers leave out business expenses and pre-construction prices from 2022.
发布者：Cecilia Jamasmie，转转请注明出处：https://robotalks.cn/rio2-lands-last-50m-from-wheaton-for-chile-gold-mine/
