Rio Silver Secures Peru’s Maria Norte Mine in $1.25M Deal
Rio Silver Inc. has completed the purchase of the Maria Norte Ag-Au-Pb-Zn property in central Peru. The deal involves payments, share issuance, and a partnership with Peruvian Metals Corp., which owned the asset through its subsidiary Mamaniña Exploraciones S.A.C.
The acquisition requires Rio Silver to pay US$250,000 every six months over five years, totalling US$1,250,000. So far, the company has paid US$225,000, including a US$25,000 option payment made on June 15, 2025, by Tungsten West Limited on behalf of Rio Silver.
With the deal finalised, Rio Silver takes full ownership of the Maria Norte property. The company will continue scheduled payments while integrating the asset into its operations. The share issuance also strengthens ties between Rio Silver and Peruvian Metals Corp.
