Welcome to our dedicated page for Rise Gold news (Ticker: RYES), a resource for investors and traders seeking the latest updates and insights on Rise Gold stock.
Rise Gold Corp. (RYES) generates a steady stream of company news centered on its wholly owned Idaho-Maryland Mine in Nevada County, California and the legal, technical, and financing steps it is taking around that asset. This news page aggregates the company’s press releases and related disclosures so readers can follow how its mining, litigation, and corporate strategies evolve over time.
Recent news highlights include detailed updates on Rise Gold’s Writ of Mandamus filed with the Superior Court of California for the County of Nevada, which seeks recognition of a vested right to operate the Idaho-Maryland Mine without a use permit. The company reports on procedural milestones, briefing schedules, and hearing dates, including court rulings on motions and changes to the timing of oral arguments. These items are important for understanding the regulatory and legal context that affects the company’s ability to advance its mine.
Rise Gold’s news releases also cover technical and historical aspects of the Idaho-Maryland Mine, such as its long history of gold production and past tungsten exploration and output under a U.S. Department of Defense program. The company has announced a review of historical tungsten data and described the mine’s relevance to critical metals identified by U.S. authorities.
In addition, the news flow includes financing transactions, such as non-brokered private placements of units with accompanying warrants, land sale transactions involving non-core industrial acreage, and the use of proceeds for working capital, debt repayment, and legal expenses. Corporate governance and management updates, including executive appointments and equity incentive grants, are also disclosed. Investors and observers can use this page to monitor how Rise Gold’s legal efforts, capital structure, and project-level work at the Idaho-Maryland Mine are reflected in its official communications.
Rise Gold Corp (CSE: RISE) (OTCQX: RYES) has issued 1,006,750 stock options to its President & CEO, Joseph Mullin, through his personal company Mount Arvon Partners The options are exercisable at US$0.10 (C$0.14) per share and will expire on September 20, 2029. This grant was made possible by the voluntary surrender of certain options by another option holder. Following this issuance, the total number of outstanding options under the Company's stock option plan stands at 1,286,750.
Rise Gold Corp. (CSE: RISE) (OTCQX: RYES) has finalized an amended debt agreement with Eridanus Capital Key points include:
1. Issuance of 1,700,000 share purchase warrants, with 340,000 directed to Daniel Oliver, Jr., a member of Eridanus and a company director.
2. Loan maturity extended by one year to September 4, 2025.
3. Interest rate reduced to 15% for 12 months starting September 4, 2024.
4. Warrants allow holders to acquire one share at US$0.115 for four years from issuance.
5. The transaction is exempt from certain regulatory requirements due to its size relative to Rise Gold's market capitalization.
The securities are subject to statutory hold periods and have not been registered under the U.S. Securities Act.
Rise Gold Corp. (CSE: RISE) (OTCQX: RYES) has extended its debt agreement with Eridanus Capital , pushing the maturity date to September 4, 2025. The company will reduce the interest rate to 15% for 12 months after closing. In exchange, Rise Gold will issue 1,700,000 share purchase warrants to Eridanus, with 340,000 directed to Daniel Oliver Jr., a company director and manager of Myrmikan Capital, Each warrant allows the purchase of one share at US$0.115 within four years of issuance. The transaction, expected to close around September 10, 2024, is subject to regulatory approval and relies on exemptions from formal valuation and minority shareholder approval requirements under MI 61-101.
Rise Gold Corp. has granted over 1 million stock options to directors and an officer of the Company at a price of US$0.17 per share, expiring in 2029.
Rise Gold Corp. (CSE: RISE) has closed the second and final tranche of a non-brokered private placement, raising a total of US$954,253 through the sale of 10,044,765 units. The company previously closed the first tranche on April 9, 2024, raising US$545,902. Certain directors purchased 2,495,793 units, constituting a 'related party transaction.' Rise Gold plans to utilize the proceeds for general working capital, debt repayment, and settlement of related party fees.
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