Welcome to our dedicated page for Riverside Res news (Ticker: RVSDF), a resource for investors and traders seeking the latest updates and insights on Riverside Res stock.
Riverside Resources Inc. (RVSDF) generates a steady flow of news related to its gold-silver, copper and rare earth element exploration programs and corporate transactions in Mexico and Canada. On this Stock Titan news page, readers can follow company-issued updates that describe how Riverside advances its project generator and royalty model across a portfolio of mineral assets and partnerships.
Recent news releases highlight drilling and exploration progress at the Union Project in Sonora, Mexico, where Riverside is operator under an option agreement with Questcorp Mining Inc. Updates cover the start and completion of Phase 1 diamond drilling, the number of holes and metres drilled, target areas such as Union Mine, Union Norte, Cobre, Luis and Famosa, and the shipment of core samples for gold and multi-element assays. These articles also discuss how geological, structural and geophysical data are being integrated to refine the carbonate replacement deposit model.
Investors can also read about Riverside’s rare earth elements program at the Revel Project in British Columbia, including the identification of an extensive carbonatite unit, field mapping, sampling, geophysics and permit planning aimed at preparing for initial drilling. Additional news covers the company’s broader REE and critical minerals targeting efforts in Canada and Mexico.
Corporate news items describe spin-out transactions and financings, such as the completion of the Blue Jay Gold Corp. spin-out to Riverside shareholders, Blue Jay’s seed financing, and Riverside’s own private placements with strategic investors. Other releases provide updates on option agreements, including Questcorp’s share issuance and cash payments under the Union Project option, and Riverside’s ongoing partner-funded exploration across its portfolio.
By reviewing this news feed, followers of RVSDF can track Riverside’s exploration milestones, royalty and equity portfolio developments, and project-level technical updates as reported in its official press releases.
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.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 (TSXV: RRI) (OTCQB: RVSDF) has received final court approval from the Supreme Court of British Columbia on April 3, 2025, for its planned spin-out of Blue Jay Gold Corp. The arrangement, which involves separating Blue Jay's equity interest under the Business Corporations Act, awaits final TSX Venture Exchange approval.
The transaction is expected to complete in Q2 2025, with Blue Jay's common shares planned for listing on the TSXV post-arrangement. Detailed information about the arrangement can be found in Riverside's management information circular dated February 18, 2025, available on SEDAR+ and the company's website.
Riverside Resources (RVSDF) has received shareholder approval for spinning out its subsidiary Blue Jay Gold Corp, with completion expected in May-June 2025. The arrangement was approved by over 99% of shareholders at the March 31, 2025 meeting.
Under the plan, Riverside shareholders will receive 1/5 of a Blue Jay common share for each Riverside share held. This will result in shareholders owning stakes in two distinct public companies: Riverside, focusing on royalty generation and project generation for gold, copper, and rare earth elements in the Americas, and Blue Jay, which will concentrate on exploring gold projects in northwestern Ontario.
The spin-out transaction awaits final court approval and TSXV listing approval for Blue Jay shares. Post-separation, Blue Jay will operate with its own management team and capital structure, while Riverside continues advancing its diverse mineral portfolio through partnerships and royalties.
Riverside Resources (RVSDF) has announced the filing of its management information circular for a special meeting to approve a spinout transaction with Blue Jay Gold Corp. The meeting, scheduled for March 31, 2025, will seek shareholder approval for distributing Blue Jay shares through a plan of arrangement.
The transaction will separate Blue Jay's Ontario Properties (Pichette-Clist, Oakes, and Duc Gold Projects) from Riverside's other assets. Following the arrangement, shareholders will hold shares in both companies, with Blue Jay planning to list on the TSX Venture Exchange.
Blue Jay plans to complete two financing rounds: a $800,000 private placement at $0.40 per share and another offering combining $1,000,000 at $0.50 per share with flow-through shares at $0.70. The arrangement requires 66⅔% shareholder approval and is expected to close in Q2 2025.
Riverside Resources (RVSDF) has provided updates on its exploration programs across Canada and Mexico for H1 2025. In Canada, the company reported strong sampling results from the Deer Park Gold Project, while the Revel Project showed a 7-kilometer carbonatite-style REE system. The Taft Project confirmed rare earth and gold mineralization.
In Mexico, the company identified four priority drill targets at the Cuarentas Gold Project, while the Ariel Copper Project targets an undrilled porphyry copper system. The Union Gold-Copper Project hosts high-grade carbonate replacement deposits. The company maintains royalties including a 2% NSR on portions of the Tajitos project with Fresnillo PLC and Sugarloaf Peak gold project.
Riverside will present at PDAC 2025 in Toronto and continues to progress on the proposed spinout of Blue Jay Gold, expected in the first half of 2025.