VANCOUVER, British Columbia — December 12, 2025 – Rio Silver Inc. (TSX.V: RYO | OTC: RYOOF), a junior mining company with a focus on precious metals exploration, has officially closed its acquisition of Mamaniña Exploraciones S.A.C., a Peruvian subsidiary of Peruvian Metals Corp., securing full ownership of the Maria Norte Property in Peru.
The transaction—initially announced earlier this year and approved by regulatory authorities—gives Rio Silver 100% of the issued and outstanding shares of Mamaniña Exploraciones S.A.C., the entity holding the mining rights to the Maria Norte project.
Strategic Move into Peruvian Mining Sector
Located in a highly prospective mineral region of Peru, the Maria Norte Property adds a significant asset to Rio Silver’s growing exploration portfolio in South America. For readers in Northwestern Ontario, this expansion reflects the increasing importance of international resource development strategies in the junior mining sector—particularly as Canadian firms look beyond borders to capitalize on high-potential projects.
Transaction Terms and Financial Commitments
As part of the deal, Rio Silver issued 3,999,999 common shares to Peruvian Metals Corp., representing approximately 9.27% of Rio Silver’s post-consolidation share capital. This follows a 5:1 share consolidation completed on July 3, 2025.
In addition to the share issuance, Rio Silver is committed to paying a total of US$250,000 over five years in semi-annual payments beginning June 15, 2025. The Company has already made the following payments:
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CDN$15,000 upon signing
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US$22,500 upon an amendment
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US$25,000 option payment on June 15, 2025
The remaining balance of US$225,000 will be paid out over the coming years as scheduled.
A geological report in compliance with National Instrument 43-101 for the Maria Norte Property is expected to be filed soon on the Company’s SEDAR+ profile.
Leadership Commentary
Chris Verrico, President, CEO, and Director of Rio Silver, stated:
“The closing of this transaction marks a critical milestone for Rio Silver. Maria Norte is an asset with strong exploration potential, and we’re excited to begin advancing this project in 2026.”
DISCLAIMER:
This article is for informational purposes only and does not constitute investment advice or a solicitation to buy or sell securities. Readers should conduct their own due diligence or consult a licensed financial advisor before making investment decisions.
Last Word: Rio Silver completes acquisition of Maria Norte mining property in Peru, expanding its exploration assets.
