11:19 AM EDT, 09/29/2025 (MT Newswires) -- Rio2 ( RIOFF ) said Monday it has acquired 39.9 million shares of Royal Road Minerals ( RRDMF ) , for a 15% stake. Rio acquired the shares at $0.115 each, for $4.6 million.

Separately, Agnico Eagle (AEM.TO) sold its 18% stake in Royal Road, comprising 47.9 million shares, at $0.115 each, for $5.5 million.

In another statement, Royal Road said it has been collaborating with state and local authorities and with the local community with a view to restart work at its Colombian exploration asset, Guintar-Margaritas.

Exploratory drilling has revealed that both vein gold and porphyry-style gold-copper-silver mineralization extends from surface and continues to depths in excess of 250 meters. A total of 45 diamond drill holes have been completed at Guintar. Half of them terminated in gold grades considered to be anomalous and indicating further potential at depth, the company said.

Royal Road is unchanged at $0.115 per share, on the TSX Venture Exchange. Rio2 ( RIOFF ) is down $0.03, to $2, on the Toronto Stock Exchange, while Agnico Eagle is up $5.22, to $233.12.

Price: 0.16, Change: +0.05, Percent Change: +39.13