Rise Gold Corp.

Rise Gold Corp.

Company overview

• Incorporated in Nevada in 2007 as a mineral exploration company.
• Principal asset: 100% interest in the Idaho-Maryland (I‑M) Mine Property near Grass Valley, California.
• Wholly owned subsidiary Rise Grass Valley Inc. holds the I‑M Mine Property surface and mineral rights.
• Common shares trade on the Canadian Securities Exchange (RISE); OTCQB ticker RYES. The company is an SEC reporting issuer.

Operations and project status

• Primary focus is exploration and development of the I‑M Mine Property, including historic mining areas (Idaho, Brunswick, Union Hill and others), plus permitting, litigation, and related development activities.
• Permit and development plan targets reopening the I‑M Mine as an underground operation with an estimated throughput of 1,000 tons per day. Planned access uses the Brunswick Shaft plus a service shaft; processing is proposed to use gravity and flotation to produce concentrates.
• Surface development includes plans to create roughly 58 acres of leveled, usable industrial land from mine waste materials.
• The project is subject to California environmental review under CEQA and related environmental studies, reclamation planning, and water treatment considerations. The company has been involved in litigation over vested rights and use permitting.

Property details

• Surface area: approximately 175 acres (71 hectares).
• Mineral rights: approximately 2,560 acres (1,036 hectares); mineral rights extend below surface rights and are contiguous beyond 200 feet; there are no known royalties on future gold production.
• Surface ownership is divided among the Idaho land, Brunswick land, and Mill Site, with some parcels that can be repurchased.

History and recent exploration

• Historical production: about 2.414 million ounces of gold produced from 1866 to 1955, with a life‑of‑mine average head grade around 0.50 oz/ton (17.1 gpt). Major vein systems include the Idaho, Brunswick and Morehouse veins, with extensive underground workings.
• 2023–2026 permitting litigation: Nevada County Board of Supervisors denied the company’s vested rights petition (Dec 2023) and a Use Permit (Feb 2024). Rise filed a Writ of Mandamus in May 2024; the court denied the Writ on May 7, 2026; Rise filed an appeal on September 4, 2026.
• Tungsten and gold work (2025–2026): A 2025 program indicated potential tungsten occurrences in addition to gold. In July 2026 Rise began an eight‑hole tungsten‑and‑gold drill program targeting Union Hill and Brunswick veins, totaling about 11,400 feet.

Financial snapshot

• The company is in the exploration stage and has not produced commercial minerals or generated revenue.
• Reported net losses:
  • 2023: $3,660,382
  • 2024: $3,565,631
  • 2025: $3,260,358
  • 2026: $4,249,888
• Cash position: approximately $6,984,508 as of July 31, 2026 (compared with $2,783,348 on July 31, 2025).
• Financing and equity activity:
  • October 24, 2025: Closed a $7,000,000 financing by issuing 28,000,000 units at $0.25 per unit; each unit included one share and one warrant (warrants exercisable at $0.45 for three years).
  • October 30, 2025: 1,445,469 stock options granted at $0.25 (exercisable to Oct 30, 2030).
  • November 20, 2025: 2,660,000 stock options granted at $0.18 (exercisable to Nov 20, 2030); at the same time, 1,000,000 DSUs and 1,650,000 stock options at $0.10 were exercised and converted to shares.
  • RSUs were granted to the CEO in January, April and October 2026 with related exercises and conversions.

Corporate and management

• November 2025 Annual General Meeting: Daniel Oliver appointed Chairman of the Board.
• November 2025: David Watkinson named President & CEO and President of Rise Grass Valley Inc.; Joseph Mullin resigned as CEO in November 2025.
• The company continues to use independent consultants and contractors to support operations.

Employees and staffing

• Historically operated with a small direct payroll; through September 23, 2023 the company had one full‑time employee.
• As of November 20, 2025 the CEO became an employee; other officers and directors provide services as needed.

Market position and constraints

• The company has not established proven mineral reserves or commenced commercial production.
• Project development is subject to regulatory and permitting risk, including California environmental review, water management, reclamation obligations, and surface access arrangements.
• Ongoing and potential litigation (including a scheduled Clean Water Act trial in 2027) creates additional legal risk.
• The company may require future financing or asset transactions to fund exploration and permitting; future financings could dilute existing shareholders.

Risks (high level)

• Capital market and metal price volatility; going‑concern risk without adequate financing.
• Potential delays or denials of permits and environmental approvals.
• Litigation outcomes related to vested rights and takings risk.
• Dependence on key executives and the ability to attract and retain qualified personnel.
• Substantial capital expenditures will be required to reach development and production.

Summary

Rise Gold is an exploration‑stage company focused on developing the historic Idaho‑Maryland Mine Property near Grass Valley, California. Its near‑term priorities include permitting progress, litigation management, continued tungsten and gold exploration (including the 2026 drill program), metallurgical testing, and potential strategic partnerships, including work with Morgan Hughes Energy. The company continues to rely on financing activity to support exploration and permitting efforts.