Rise Gold Announces Progress in its Legal Efforts to Unlock the Value of the Idaho-Maryland Mine
Rise Gold Corp. (OTCQB: RYES) reports significant progress in its legal battle to establish vested mining rights for the historic Idaho-Maryland Mine. The company has filed a Writ of Mandamus with the Superior Court of California challenging Nevada County's rejection of its vested rights petition. The mine, which operated from 1862 to 1957, historically produced 2.4 million ounces of gold at an average grade of 17.1 grams per tonne.
The Court has rejected the County's motion for summary judgment and established a timeline for proceedings, with oral arguments scheduled for January 9, 2026. If denied mining rights, Rise Gold plans to pursue federal litigation for Fifth Amendment compensation, with management estimating the mineral estate's fair market value at $400 million.
Rise Gold Corp. (OTCQB: RYES) comunica notevoli progressi nella sua battaglia legale per ottenere diritti minerari acquisiti sull’ storica Idaho-Maryland Mine. L’azienda ha presentato un Writ of Mandamus presso la Superior Court della California per contestare il rifiuto della Nevada County di riconoscere la sua petizione di diritti acquisiti. La miniera, attiva dal 1862 al 1957, ha storicamente prodotto 2,4 milioni di once d’oro a una grade media di 17,1 grammi per tonnellata. Il Tribunale ha respinto la mozione di giudizio sommario della Contea e ha fissato un calendario procedurale, con gli argomenti orali previsti per il 9 gennaio 2026. In caso di diniego dei diritti minerari, Rise Gold intende intraprendere una controversia federale per compensazione ai sensi del Quinto Emendamento, con la direzione che valuta il valore di mercato equo dell’ente minerario intorno ai 400 milioni di dollari.
Rise Gold Corp. (OTCQB: RYES) informa sobre avances importantes en su batalla legal para establecer derechos mineros consolidados para la histórica Idaho-Maryland Mine. La empresa presentó un Writ of Mandamus ante la Superior Court de California desafiando el rechazo de Nevada County a su petición de derechos consolidados. La mina, que funcionó entre 1862 y 1957, producía históricamente 2,4 millones de onzas de oro a una pureza media de 17,1 gramos por tonelada. El Tribunal ha rechazado la moción de juicio sumario de la Condado y ha fijado un calendario procesal, con las presentaciones orales previstas para el 9 de enero de 2026. Si se niegan los derechos mineros, Rise Gold planea emprender una litigación federal por compensación conforme a la Quinta Enmienda, y la dirección estima el valor de mercado justo del patrimonio mineral en aproximadamente $400 millones.
Rise Gold Corp. (OTCQB: RYES)은 역사적인 Idaho-Maryland 광산에 대한 확정 채굴 권리를 확립하기 위한 법적 소송에서 중대한 진전을 보고합니다. 회사는 캘리포니아주 고등법원에 Mandamus 소장을 제기하여 Nevada County의 확정 권리 청구 거부를 다투고 있습니다. 1862년부터 1957년까지 운용된 이 광산은 역사적으로 240만 온스의 금을 평균 17.1그램/톤의 품위로 생산했습니다. 법원은 카운티의 요약판결 모션을 기각했고 절차에 대한 일정이 확정되었으며, 구두 변론은 2026년 1월 9일로 예정되어 있습니다. 광권이 거부될 경우 Rise Gold는 다섯 번째 수정헌법에 따른 연방 소송으로 보상을 추구할 계획이며, 경영진은 광미산의 공정시장가치를 약 4억 달러로 추정합니다.
Rise Gold Corp. (OTCQB : RYES) annonce des progrès importants dans sa bataille juridique visant à établir des droits miniers acquis pour l’historique Idaho-Maryland Mine. L’entreprise a déposé un Writ of Mandamus devant la Superior Court de Californie pour contester le rejet par le comté de Nevada County de sa pétition de droits acquis. La mine, en activité de 1862 à 1957, a historiquement produit 2,4 millions d’onces d’or avec une teneur moyenne de 17,1 g/t. Le tribunal a rejeté la requête en jugement sommaire du comté et a fixé le calendrier des procédures, les plaidoiries orales étant prévues pour le 9 janvier 2026. En cas de refus des droits miniers, Rise Gold prévoit d’engager une action fédérale pour compensation au titre du Cinquième Amendement, sa direction estimant la valeur marchande équitable de l’ensemble minier à environ 400 millions de dollars.
Rise Gold Corp. (OTCQB: RYES) meldet erhebliche Fortschritte in seinem Rechtsstreit um die Anerkennung bebauter Bergbaurechte für die historische Idaho-Maryland-Mine. Das Unternehmen hat vor dem Superior Court von Kalifornien eine Forderung (Writ of Mandamus) eingereicht, um die Ablehnung der Rechte durch das County Nevada County anzufechten. Die Mine betrieb von 1862 bis 1957 und produzierte historisch 2,4 Millionen Unzen Gold bei einer durchschnittlichen Reinheit von 17,1 g/ Tonne. Das Gericht lehnte den Antrag des Countys auf eine summarische Beurteilung ab und setzte einen Zeitplan fest; mündliche Verhandlungen sind für den 9. Januar 2026 vorgesehen. Falls die Bergbaurechte abgelehnt werden, plant Rise Gold eine bundesstaatliche Klage auf Entschädigung gemäß dem Fünften Verfassungszusatz; die Geschäftsführung schätzt den Marktwert des Mineralbesitzes auf ca. 400 Millionen Dollar.
Rise Gold Corp. (OTCQB: RYES) يعلن عن تقدم ملحوظ في معركته القانونية لإثبات حقوق تعدين مكتسبة للموقع التاريخي Idaho-Maryland Mine. قدمت الشركة أمر كتابي قضائي (Writ of Mandamus) أمام المحكمة العليا في كاليفورنيا للطعن في رفض مقاطعة نورث فالي-نوادا لطلب الحقوق المكتسبة. استُخدم المنجم من 1862 إلى 1957، وأنتج تاريخياً 2.4 مليون أونصة من الذهب بمعدل نقاوة يبلغ 17.1 غ/طن. رفضت المحكمة طلب المقاطعة بالحكم المختصر وأقرت جدولاً زمنياً للإجراءات، مع تحديد جلسات الاستماع الشفوية في 9 يناير 2026. إذا رُفضت حقوق التعدين، تخطط Rise Gold لملاحقة قضائية فيدرالية للحصول على تعويض بموجب التعديل الخامس، وتقدر الإدارة القيمة السوقية العادلة للممتلكات المعدنية بنحو 400 مليون دولار.
Rise Gold Corp.（OTCQB：RYES）在为历史悠久的 Idaho-Maryland 矿山确立既得矿权的法律斗争中取得显著进展。公司已向加利福尼亚州高级法院提交强制令状（Writ of Mandamus），对诺瓦县（Nevada County）拒绝其既得权申请提出挑战。该矿从1862年运营至1957年，历史上产出金量为240万盎司，平均品位为每吨17.1克。法院已驳回县方的简易判决动议，并为诉讼程序设定时间表，口头辩论定于2026年1月9日进行。如矿权被否，Rise Gold 计划提起联邦诉讼以获得第五修正案下的赔偿，管理层估算矿产资产的公允市场价值约为4亿美元。
- Legal precedent from Hansen Bros. case strongly supports Rise Gold's vested rights claim
- Court rejected County's motion to dismiss based on Rise's property sales
- Company retains all necessary surface and mineral estate rights to begin mining
- Historic mine produced 2.4M oz gold at high grade of 17.1 g/t
- Management estimates mineral estate value at $400M
- Legal proceedings taking longer than initially anticipated
- Company had to sell three non-core surface parcels to fund litigation
- Risk of denial of mining rights could lead to extended federal litigation
- County's resistance indicates potential ongoing regulatory challenges
Grass Valley, California--(Newsfile Corp. - September 16, 2025) - Rise Gold Corp. (CSE: RISE) (OTCQB: RYES) (the "Company") is pleased to announce progress in its legal efforts to unlock the value of Company's wholly-owned Idaho-Maryland Mine (the "I-M Mine"), which operated from 1862 to 1957 and produced an estimated 2.4 million ounces of gold at an average mill head grade of 0.50 ounces per ton (17.1 grams per tonne).
Nevada County, California (the "County") adopted its first comprehensive zoning ordinance in 1954 that required obtaining a permit to engage in underground mining. Because the I-M Mine was in production before, during, and after the zoning ordinance was adopted, it obtained a vested right to continue mining without a permit (otherwise, adopting the ordinance would have been a taking under the Fifth Amendment of the U.S. Constitution).
On September 6, 2023, the Company submitted a petition to the County asserting its constitutionally-protected vested right to mine at the I-M Mine without a use permit. On December 14, 2023, the Board of Supervisors (the "Board") of the County rejected the Company's vested rights petition because "all mining activities at both the Brunswick and Centennial cites [sic] had ceased by 1956."
Previously, in the 1990s, the County rejected a vested right petition from the Bear's Elbow Mine because, the County argued, as it does now, that a vested right expires when operations cease. The Supreme Court of California disagreed and ruled in the seminal 1996 case Hansen Bros. Enter., Inc. v. Nevada Cnty. Bd. of Supervisors that "cessation of use alone does not constitute abandonment" of a vested right to a nonconforming use.
The Board concluded as well that if there were a vested right to operate the I-M Mine, it had been abandoned, arguing: "In order to avoid a finding of abandonment, the property owner must be able to identify evidence of their objective manifestation of intent to resume the nonconforming use throughout the period the nonconforming use was discontinued." The Board's finding is directly contrary to the holding in Hansen Bros., which places the burden of proof to show abandonment on the County: "Abandonment of a nonconforming use ordinarily depends upon a concurrence of two factors: (1) an intention to abandon; and (2) an overt act, or failure to act, which carries the implication the owner does not claim or retain any interest in the right to the nonconforming use."
On May 13, 2024, the Company submitted a Writ of Mandamus (the "Writ") to the Superior Court of California for the County of Nevada (the "Court") asking the Court to compel the Board to follow applicable law and grant Rise recognition of its vested right to operate the I-M Mine.
Subsequent to filing the Writ, Rise sold three non-core surface parcels to repay debt and obtain the funds necessary to litigate the writ. The County brought a motion for summary judgement in the writ proceedings, arguing that Rise had lost standing because of the sale of the parcels.
On August 8, 2025, the Court rejected the County's motion, ruling: "Rise [has] a beneficial interest in the mine property it owns that is the subject of its vested right petition: if its vested right to mine is recognized, Rise possesses all of the surface and mineral estate necessary to begin mining."
On September 12, the Court signed a stipulation from the County and Rise providing that Rise would submit its initial brief1 on the case yesterday, September 15, the County will submit its opposition by November 18, Rise to reply by December 5, and oral arguments will take place on January 9, 2026.
Megan Wold, a partner of the litigation firm Cooper & Kirk, which is representing Rise, commented: "Constitutional rights do not simply expire, and they can be abandoned only knowingly and intentionally. The County points out that underground mining ceased in 1956; but it could not point to a single credible example of a manifest intent to abandon the right to mine nor any overt act that would imply abandonment, both of which the law requires the County to show by clear and convincing evidence."
The Board argued, for example, that the operator of the I-M Mine abandoned its right to mine because it "changed its name to remove any reference to the word 'mine,'" that is, from Idaho Maryland Mines Corporation to Idaho Maryland Industries Inc. Wold added: "The County's arguments do not withstand scrutiny. The Board is clearly confused about the applicable legal standards or failed to engage in an objective assessment of the evidence."
During the County's hearing on the vested rights, Supervisor Hoek said: "I feel like this is above my paygrade to be totally honest." Supervisor Hall commented: "It is very unfortunate and difficult for us because we're not lawyers, this isn't a courtroom, and we're not judges." Supervisor Scofield declined to exercise any judgement, saying: "Since all of the points will apparently be argued to a higher authority, I am comfortable following the recommendations of the Nevada County Staff."
Joe Mullin, CEO of Rise Gold, commented: "It is unfortunate that the County decided to waste public resources relitigating the Hansen Bros. case, which it lost badly. Though adjudicating the writ has taken longer than we first anticipated, we are glad that the County has agreed to a reasonable schedule, and we are confident that an experienced judge deliberating the facts according to the clear precedent set by the California Supreme Court will conclude that Rise has a vested right to operate the I-M Mine."
As Cooper & Kirk made clear to the Board of Supervisors, should the Company be denied the right to mine, the County will have taken Rise's mineral estate and will owe just compensation-the fair market value of the property taken-under the Fifth Amendment of the U.S. Constitution. Based on comparable mines and historic yields at the I-M Mine, management believes the fair market value of Rise's mineral estate is at least
Footnote
- The brief that Rise filed with the Court in support of its vested rights may be found at the following link: https://www.risegoldcorp.com/litigation
About Rise Gold Corp.
Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company's principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA.
On behalf of the Board of Directors:
Joseph Mullin
President and CEO
Rise Gold Corp.
For further information, please contact:
RISE GOLD CORP.
345 Crown Point Circle, Suite 600
Grass Valley, CA 95945
T: 917.349.0060
jmullin@risegoldcorp.com
www.risegoldcorp.com
The CSE has not reviewed, approved or disapproved the contents of this news release.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words or statements that certain events or conditions "may" or "will" occur.
Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266659
FAQ
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