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Rio Silver receives $100K royalty payment and 2.5M shares from Magma Silver, boosting revenue and assets.

Company Fundamentals
01 Apr 2026
GlobeNewsWire
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Bullish
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Rio Silver Inc. has received an initial $100,000 advanced royalty payment from Magma Silver Corp. under an option agreement for the Niñobamba gold-silver project in Peru. This payment is part of a larger $260,000 total, with potential milestone payments up to $2 million over five years. Rio Silver also confirmed it will receive an additional 2.5 million Magma Silver shares on April 15, 2026, enhancing its financial position without diluting shareholders. These developments mark a significant step as Rio Silver begins generating revenue from royalties while continuing to advance its core silver projects in Peru.

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