RIO GRANDE RES LTD Stock Price, News & Analysis

Rio Grande Resources (RGRLF) has announced significant assay results from its Winston Gold-Silver Project in New Mexico. The sampling program revealed exceptional grades including 66.2 g/t gold and 830 g/t silver along the Paymaster Fault corridor. The campaign, conducted in March 2025, collected 57 samples and confirmed 1.5km of continuous mineralization. Notable discoveries include copper-rich mineralization with one sample assaying 2.76% Cu from a historic shaft. The results identified three key technical advancements: confirmed structural controls for high-grade mineralization, significant depth potential, and diverse mineralization styles including hydrothermal rhyolite breccias, andesite-hosted copper zones, and banded chalcedonic quartz breccias. The company is proceeding with additional geological mapping and geophysical surveys to refine drill targets.

Rio Grande Resources (RGRLF) has successfully closed its previously announced non-brokered private placement, raising gross proceeds of $1,332,890. The company issued 13,328,900 units at $0.10 per unit, with each unit comprising one common share and one transferable warrant. The warrants allow holders to purchase additional shares at $0.20 per share within 24 months. Company directors and officers participated in the placement, qualifying as a related party transaction exempt from formal valuation requirements. The securities are subject to a four-month hold period, and minimal fees of $300 were incurred. Proceeds will fund exploration activities and general corporate purposes. The company also corrected the warrant term from the previously announced 30 months to 24 months.

Rio Grande Resources has announced a non-brokered private placement to raise up to $1,332,890 by offering 13,328,900 units at $0.10 per unit. Each unit includes one common share and one transferrable warrant, with warrants exercisable at $0.20 per share for 30 months. Company directors and officers may participate in the placement, which is exempt from formal valuation requirements. The proceeds will fund exploration activities and general corporate purposes. The offering is expected to close around June 06, 2025, with securities subject to a four-month hold period. The placement is not available to U.S. investors and securities will not be registered under U.S. Securities Act.

Rio Grande Resources Ltd. (CSE:RGR)(OTC PINK:RGRLF), a North American gold and silver exploration company, has submitted an application to uplist from the OTC Pink Market to the OTCQB Venture Market. The OTCQB is recognized by the SEC as an established public market for early-stage companies, requiring current reporting and annual verification.

The company will maintain its "RGRLF" ticker symbol in the US and "RGR" on the Canadian Securities Exchange. Additionally, Rio Grande announced the appointment of Shayla Forster as Corporate Secretary, replacing Kelly Pladson. The company has granted Forster 20,000 incentive stock options at $0.085 per share, valid for 3 years from May 12, 2025.

Rio Grande Resources (RGRLF) has completed its exploration and sampling program at the Winston Gold-Silver Project in New Mexico's Black Range Mountains. The March 24-28, 2025 field campaign collected 57 samples for analysis, revealing promising geological insights into the high-grade epithermal vein system.

Key findings include identification of mineralized shoots along vein bends, containing dark gray sulphosalts and chalcopyrite, indicating high-grade precious metal potential. Surface mapping confirmed continuous vein strike lengths of several hundred meters to over a kilometer, with evidence of intact precious metal horizons at depth.

The company is developing a 3D geological model and has submitted samples to ALS Global Laboratories for gold and multi-element analysis, with results expected in the coming weeks. Additionally, Rio Grande has entered two consulting agreements: a 6-month geological advisory services contract at $3,750 USD per quarter and a 12-month business advisory services agreement at $12,500 CND monthly, including 833,333 RSUs valued at $0.06 per unit.