Riverside Res Inc Stock Price, News & Analysis

Riverside Resources (OTCQB: RVSDF) expanded its rare earth elements (REE) program on October 14, 2025, prioritizing work at the Revel Project in southern British Columbia and generating additional targets in Canada and Mexico. Riverside identified an extensive carbonatite unit at Revel and plans staged work including detailed mapping, spectral and geochemical sampling, ground geophysics, and baseline/permit planning to enable first-pass drilling. The company said it will advance targets via its project-generator model, seeking partners, options, or spinouts while retaining equity or royalties. Blue Jay Gold share distribution occurred in May 2025 at a 5-for-1 ratio.

Riverside Resources (OTCQB: RVSDF) reports progress on its drilling program at the Union Project in Sonora, Mexico, with three out of five main targets now partially drilled. The first hole at the Union Mine target was completed, intersecting the Clemente and Caborca formations, with samples sent to Bureau Veritas for analysis.

The drilling program has moved through the El Cobre Mine and North Union Mine areas, where drilling encountered extensive hematitic oxides and more quartzite than expected. The program is now advancing to the Famosa target, where historic grades exceeded ½ oz/ton Au. The company reports the program is progressing on schedule and within budget.

Riverside Resources (OTCQB: RVSDF) has commenced drilling at the Union Project in Sonora, Mexico, in partnership with Questcorp Mining. The initial program includes 1,500m of diamond core drilling across six holes, targeting carbonate-hosted replacement deposit (CRD) style mineralization.

The drilling program will explore four key areas: Union Main Mine, North Union Mine, Cobre Mine, and Central Union Area, focusing on expanding known mineralization zones and testing new targets. This marks the first-ever drilling in most target areas, despite historical mining activities.

The project is part of an option agreement where Questcorp is funding an initial C$1,000,000 exploration program, with potential for a larger C$5,500,000 work commitment. Riverside holds a 9.9% stake in Questcorp as part of the agreement.

Riverside Resources (OTCQB: RVSDF) and Questcorp Mining are preparing for their first-ever drill program at the Union Gold-Silver Project in Sonora, Mexico. The program will include over 1,500 metres of diamond drilling with approximately 7 holes ranging from 150-350m each, targeting three historic mine areas: Union, North Union, and Famosa zones.

The project's historical zones previously produced an estimated 50,000 ounces gold equivalent. Recent exploration work includes Induced Polarization (IP) geophysics surveys and an airborne drone magnetic survey to refine drill targets. Additionally, Riverside announced that Fortuna Mining has terminated its option agreement on the Cecilia Project, with Riverside regaining full control.

The company will be participating in the Rule Symposium 2025 from July 7-11 in Boca Raton, Florida.

Riverside Resources (RVSDF) has completed the spin-out of Blue Jay Gold Corp shares through a plan of arrangement effective May 22, 2025. Riverside shareholders will receive one new Riverside share and 1/5th of one Blue Jay share for each Riverside share held. The new Riverside shares will begin trading on TSXV on May 26, 2025. Blue Jay Gold Corp, focusing on Canadian gold exploration, will operate as a standalone public company and plans to apply for TSXV listing. The spin-out follows a similar structure to Riverside's previous successful transaction with Capitan Silver Corp. Blue Jay will be a reporting issuer in Alberta, British Columbia, and Ontario, with its public disclosure documents available on SEDAR+.

The CUSIP numbers for the new shares are: Riverside (76927E109) and Blue Jay (095925103).

Riverside Resources (RVSDF) has provided an update on its option agreement with Questcorp Mining for the Union Project in Sonora, Mexico. As part of the agreement, Questcorp has issued 6,285,722 common shares (representing 9.9% ownership) to Riverside and made a cash payment of CAD $25,000.

Riverside, serving as the project operator, is advancing pre-drilling work including team organization, access planning, and water sourcing. The company's technical team is finalizing contractor selection for initial fieldwork and geophysical surveys to refine high-priority drill targets. The Union Project, located in the Sonora carbonate-replacement belt, shows potential for gold-silver-lead-zinc and copper discoveries through its historical mine workings, surface mineralization, and structural controls.

Riverside Resources (RVSDF) has announced the completion date for spinning out its subsidiary Blue Jay Gold Corp on May 22, 2025. Shareholders will receive one new Riverside share and one Blue Jay share for every five Riverside shares held as of 12:01 AM on the effective date. To be eligible, investors must purchase Riverside shares by May 21, 2025. Blue Jay plans to list on the TSXV in the second half of 2025.

The spinout involves distributing 14,956,693 Blue Jay shares to Riverside shareholders. Riverside will maintain exposure to Blue Jay's success through a 2% NSR royalty on each of Blue Jay's three properties. The arrangement, approved by shareholders on March 31, 2025, follows Riverside's successful project generator business model and previous similar transaction with Capitan Silver.

Riverside Resources' (RVSDF) subsidiary Blue Jay Gold Corp. has successfully completed a non-brokered private placement, raising $922,000 through the issuance of 2,305,000 common shares at $0.40 per share. Following this financing, Riverside maintains a 74.80% ownership in Blue Jay Gold. The placement included participation from company directors and officers, who subscribed for 268,750 shares. This financing follows Blue Jay's previously announced plan of arrangement, which received shareholder approval on March 31, 2025, and court approval on April 3, 2025. The remaining Blue Jay shares held by Riverside will be distributed to Riverside's shareholders as part of the arrangement.

Riverside Resources (RVSDF) has finalized a definitive option agreement with Questcorp Mining for the La Union gold-polymetallic project in Sonora, Mexico. The 2,520.2-hectare project features carbonate replacement deposits with historical mining operations. Under the agreement, Questcorp can acquire 100% interest in the project by making CAD $100,000 in cash payments, issuing shares totaling 19.9% equity to Riverside, and completing CAD $5.5 million in exploration expenditures over four years. Riverside will remain the project operator and receive a 2.5% net smelter royalty upon option exercise. The project includes eight drill-ready target areas, with immediate focus on the Union Mine and Famosa Mine sites. The first-year work program includes CAD $1 million in exploration expenditures.