bullish

Rio2

RIO: Desalinated Water Update Setting Up Expansion Plans

228 Views24 Sep 2025 23:00
Issuer-paid
SUMMARY
  • Rio2 announced two MOUs for the potential supply of desalinated water to the Fenix Gold Mine.
  • The two studies will evaluate the potential expansion of the two companies’ desalination facilities through operating plants and constructing a pipeline from their distribution facilities.
  • This would allow Fenix to move forward with its expansion plan, where annual production scales from 82Koz per year to over 300Koz.
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