Regulus Announces Strategic Investment by Rio Tinto

Investor webinar replay

Meeting Overview The Regulus Resources Live Summit featured CEO John Black discussing a significant strategic investment from Rio Tinto's subsidiary, Newton. The investment of $15 million is aimed at advancing Regulus's projects and enhancing its operational capabilities, particularly in light of the growing demand for copper. Key Discussion Points - Announcement of a $15 million strategic placement from Rio Tinto's subsidiary, Newton. - Placement terms include a share price of CAD $1.02, which is a premium over recent trading prices. - Discussion on the technical endorsement from Rio Tinto and its implications for Regulus's projects. - Overview of the benefits of the investment, including cash flow and reduced shareholder dilution. - Explanation of the potential for shared technical knowledge and expertise between Regulus and Rio Tinto. - Insights into the importance of the Newton leaching technology for processing primary copper sulfides. - Discussion on the increasing demand for ...

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[Speaker identities could not be resolved; generic labels used] [00:08] Speaker 1: Hello everyone, welcome to Regulus Resources Live Summit today. I'm pleased to introduce our speaker, CEO and Director John Black, who's going to be taking us through the company's latest news, following which there's going to be a live Q&A session. So if you'd like to participate, please submit your questions using the Q&A tab found on the right-hand side of your screen at any time. And as always, today's event is being recorded and is going to be available on six.com in the coming days if you want to check it out again. But with John, with that, I want to pass things over to you to get us started. [00:34] Speaker 2: Okay, hey, great. Thanks, Cam. And thanks to Cam and Romeo and the entire SICKS team for providing this format for us. And thank you, everyone, that's tuning in on rather short notice right in front of the holidays here. We usually don't plan on putting news out this time of year, but we had some pretty exciting news that we were able to capture. And we think it's important for everybody to hear what we've done and what we're thinking about this and the importance and what it can unlock for us as we're moving forward in this next year and then we look forward to any questions you might have so that everybody under understands well what the opportunity that we're having as we move forward. So of course the typical disclaimers [01:13] Speaker 2: of FI we're a publicly traded company in both [01:17] Speaker 2: Canada and Peru so [01:19] Speaker 2: look out for forward-looking statements that we'll mention today. And today's news does lead towards the future, so there will be some forward-looking statements as we move forward. What we're really pleased to announce today is th...