Rio Grande Resources Ltd.
RGR.CN
Canadian Securities Exchange0.26
CAD
+0.03
- -
Rio Grande Resources Ltd.
RGR.CN
(Canadian Securities Exchange)
Recent
price
0.26
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Rio Grande Resources Ltd. (CSE:RGR) is a mineral exploration company focused on developing high-grade gold and silver deposits within its Winston project group in the Black Range of Sierra County, New Mexico, USA; the property spans over 3,000 acres of drill-ready land, including 147 unpatented BLM mining claims and two patented lode claims at the historic Ivanhoe and Emporia mines, plus the 100%-owned Little Granite gold mine consisting of four lode claims; historic production from these sites featured high-grade precious metals, with recent sampling returning peak values such as 66.5 g/t gold and 4,610 g/t silver in the Rio Grande Rift, 26.8 g/t gold and 1,670 g/t silver at Ivanhoe, and 46.1 g/t gold and 517 g/t silver at Emporia, targeting large-scale discoveries in a low-sulfidation epithermal setting. Founded in July 2024 and headquartered in Vancouver, Canada, the company operates exclusively in the United States through its New Mexico assets, which were spun out from Foremost Clean Energy Ltd. via a plan of arrangement completed on January 31, 2025, distributing two Rio Grande shares for each Foremost share and leaving Foremost as the largest shareholder with approximately 19.95% ownership. Recent developments include listing on the Frankfurt Stock Exchange under FSE:488 in July 2025 to enhance European investor access; a marketing services partnership with LFG Equities Corp. announced September 15, 2025, for a three-month $100,000 USD digital campaign targeting U.S. and Canadian markets; strategic engagement with an existing agency and corporate communications team expansion in August 2025; and a 2025 fall exploration update advancing its Phase 1 program on the drill-ready targets.