Rise Gold Corp.

Under new CEO David Watkinson, signed an 18-month strategic development partnership with Morgan Hughes Energy to help advance Idaho-Maryland toward production as a U.S. critical-minerals project, issuing up to 18 million milestone-vesting warrants and offering Morgan Hughes a board seat if it builds a 5%+ stake - a bid for outside capital and political tailwinds to finally push the long-stalled mine toward permitting and construction.

material agreement

Rise Gold closed a US$7,000,000 private placement (28,000,000 units at US$0.25) - roughly three times the unit price of May's raise just five months earlier, a strong re-rating of the stock heading into the company's push to secure Idaho-Maryland's permits.

capital raising announcement

Closed the second land-sale tranche for $2.5 million, using part of the proceeds to pay off the company's remaining secured debt entirely; the rest will fund operations and the company's legal claims against Nevada County - the first sign in this record of a permitting dispute with the local government over the mine.

material agreement

Rise Gold closed a US$3,000,000 private placement (36,585,361 units at US$0.082) with directors and officers participating, a substantial raise for continued Idaho-Maryland and permitting work.

capital raising announcement

Under new CEO Joseph Mullin, agreed to sell 66 acres of non-core industrial land next to the Idaho-Maryland Mine for $4.3 million in two tranches, while retaining the right to buy the land back at a premium once the company secures final government approval to mine - raising cash while permitting is still pending.

material agreement

Rise Gold borrowed a further US$500,000 in secured debt, this time from Myrmikan Capital LLC, whose managing member Daniel Oliver Jr. is a Rise Gold director - a related-party loan at 15% interest over four years, with 2,882,514 warrants issued at US$0.1735.

capital raising announcement

Rise Gold opened a second, separate credit facility - up to US$1,000,000 advanced monthly against half of a services provider's billed fees, at 12% interest over a four-year term - issuing 1,000,000 warrants at US$0.16 plus 200,000 more per US$100,000 drawn, a new funding source alongside its Eridanus loan.

capital raising announcement

Rise Gold closed the final tranche of its January placement (US$1,220,374, 3,050,934 units), bringing the total raise to US$3,000,000 - exceeding even the upsized US$2.5 million target.

capital raising announcement

Rise Gold closed the first tranche of its upsized January placement at US$1,779,626 (4,449,066 units at US$0.40), with company directors participating.

capital raising announcement

Metallurgical testwork on Idaho-Maryland ore achieved 98.7% gold recovery into concentrate averaging 117 gpt gold - a strong result that de-risks the eventual processing plan for the project, after several years without a story-bearing update.

drilling result

Rise Gold closed its January placement oversubscribed at US$2,407,000 (6,017,500 units at US$0.40), above the US$2.2 million target.

capital raising announcement

Rise Gold announced a private placement of up to US$2.2 million (5,500,000 units at US$0.40) for Idaho-Maryland advancement and working capital.

capital raising announcement

Rise Gold announced a private placement of up to US$3.3 million (4,400,000 units at US$0.75) - roughly ten times the unit price of its 2018 financings, reflecting a much stronger stock as permitting progressed and gold prices rallied.

capital raising announcement

Rise Gold gave its first update on the Use Permit application submitted to Nevada County in November 2019 to reopen the Idaho-Maryland Mine: technical reports for the Draft Environmental Impact Report are largely complete, with land-use approval expected 12-18 months out - the opening chapter of what would become a long, unresolved permitting struggle with the county.

capital raising announcement

Rise Gold borrowed US$1 million in secured debt from Eridanus Capital LLC (an affiliate of gold/silver-focused Myrmikan Capital) for engineering, permitting and working capital at Idaho-Maryland - a two-year loan at 10% interest (extendable at higher rates), with 11,500,000 warrants issued to the lender - its first significant non-dilutive-style debt financing for the project.

capital raising announcement

Drilling into the Idaho Vein hit exceptionally high grades - 90.4 gpt gold over 4.27m, including a 458 gpt (13.4 oz/ton) sub-interval - among the best results yet at Idaho-Maryland, alongside further intercepts in the 52 Vein and a shallow near-surface zone.

drilling result

Yamana Gold advanced a further C$1.0 million to Rise Gold via a six-month secured convertible debenture (12% interest) ahead of a new private placement targeting a minimum C$1.8 million - Yamana deepening its strategic position in the Idaho-Maryland project a few months after its initial investment.

capital raising announcement

The first drill hole into Idaho-Maryland's '52 Vein' area returned a bonanza-grade 149.3 gpt gold over 6.8m, establishing it as a major new exploration target as drilling on the historic Idaho #1 Vein got underway.

drilling result

Rise Gold closed the final C$750,000 tranche of its October offering, bought entirely by Southern Arc Minerals Inc. - completing the C$2.5 million raise split between Yamana Gold (C$1.75M) and Southern Arc (C$750K), two strategic mining investors now on the register.

capital raising announcement

Yamana Gold Inc., a major Canadian gold producer, made a strategic C$1.75 million investment in Rise Gold through its subsidiary Meridian Jerritt Canyon Corp - buying 17.5 million units, gaining the right to nominate a board member and two advisory-committee members, participation rights to maintain up to 19.9% ownership, and a six-month right of first offer/refusal on any sale of an interest in the Idaho-Maryland Gold Project. The Company separately announced intent to raise a total of C$2.5 million in the same offering - the first major-producer validation of the project.

capital raising announcement

Rise Gold closed essentially the full amount of the April offering (35,161,000 units at CAD$0.10, CAD$3,516,100 gross) within days of announcing it - a strong, fully-subscribed raise for Idaho-Maryland development.

capital raising announcement

Rise Gold announced a non-brokered private placement of up to 35,000,000 units at CDN$0.10 (up to roughly CDN$3.5 million) for continued advancement of the Idaho-Maryland Gold Project.

capital raising announcement

The first drill hole of Rise Gold's Idaho-Maryland exploration program hit high-grade gold - 63 gpt over 2.7m in a previously minor vein (Brunswick #1) - suggesting historic sampling had understated the mine's real gold content and opening a large new exploration target below historic workings.

drilling result

Rise Gold announced a non-brokered private placement of up to 24,000,000 units at CDN$0.15 (up to roughly CDN$3.6 million) explicitly earmarked for advancing the Idaho-Maryland Gold Project - its first financing announcement to name the project by name as the funding purpose.

capital raising announcement

Rise Gold exited its remaining British Columbia exploration ground, paying Klondike Gold Corp $100,000 to mutually terminate the 2016 Klondike property acquisition (avoiding a further $150,000 cash plus shares and warrants), and settled $95,952 of finder-fee debt from its May placement via 417,184 units - completing its full divestment from BC exploration to focus entirely on the Idaho-Maryland Gold Project.

capital raising announcement

Rise Gold closed the private placement announced in April (9,009,814 units at CAD$0.23, CAD$2,072,257 gross), continued financing for the Idaho-Maryland project.

capital raising announcement

Rise Resources granted director John Anderson 500,000 options at CAD$0.27 and completed its merger with wholly-owned subsidiary Rise Gold Corp, formally adopting the "Rise Gold Corp." name on March 29, 2017 - the identity the company would keep permanently, built around the Idaho-Maryland Mine.

capital raising announcement

Completed the $2 million purchase of the Idaho-Maryland Gold Mine near Grass Valley, California - the second-largest U.S. gold mine in 1941 before the government forced its 1942 shutdown - acquiring 93 acres of surface land and 2,750 acres of mineral rights free of any royalty, funded partly by a CAD$4.5 million private placement.

asset acquisition disposition

Rise Resources closed a CAD$4.2 million private placement (21,044,500 units at CAD$0.20 with CAD$0.40 warrants) - a major raise that would fund the January 2017 outright purchase of the Idaho-Maryland Gold Mine, the asset around which the company would finally find lasting direction.

capital raising announcement

Under new CEO Benjamin Mossman, entered an option agreement to buy a historic, high-grade U.S. gold mine that was a leading producer before its abrupt WWII-era shutdown (the future Idaho-Maryland Mine), paying a $25,000 deposit against a $2 million exercise price, and launched a $3.5 million private placement to help fund it - the deal that would come to define the company.

material agreement

Agreed to buy a second British Columbia mineral property outright from Klondike Gold Corp for roughly CAD$200,000 in cash plus shares and warrants, with Klondike retaining a 2% smelter-return royalty.

material agreement

Renamed itself Rise Resources Inc. and exited shell status for a third time, entering an option agreement with Eastfield Resources to earn up to 75% of the Indata mineral property in British Columbia (majority-owned by Eastfield, with Imperial Metals holding the rest) for up to $450,000 cash plus $2.5 million of exploration spending.

business combination

A separate reverse-merger attempt also collapsed: the May 2014 share exchange agreement to acquire private company Juliet Press Inc. (which would have issued 14 million shares to Juliet's owners) was mutually terminated, leaving the company still searching for a deal under yet another new CEO, Greg Johnston.

material agreement termination

With no mineral projects left, the company signed a binding letter of intent to acquire eBook software maker Wundr Software Inc., planning to issue 55 million shares, rename itself Wundr Software Inc., and hand board and management control to Wundr - a complete pivot away from mining.

material agreement

The KM 66 earn-in agreement with Bearing Resources fell apart: Bearing itself terminated its underlying option with the Mexican property owners, ending the company's path to any interest in the project and leaving it without an active mineral asset again.

material agreement termination

Announced 2013 exploration plans focused on expanding the KM 66 silver-gold deposit with Bearing Resources, and disclosed the company will not proceed with the La Buena project joint venture with San Marco after all - a strategic narrowing to one Mexican project.

drilling result

Signed a letter of intent with Bearing Resources to earn up to a 75% interest in the KM 66 (Mapimi) silver-gold-lead-zinc project in Durango, Mexico, which carries an uncertain historical (2008) resource estimate of about 22.3 million silver-equivalent ounces - a second, larger Mexican project alongside La Buena.

farm in farm out agreement

Formally exited shell-company status as the La Buena option deal closed: replaced Skanderbeg directly with San Marco as counterparty, filed full Form 10-style business disclosure, and confirmed the project (near Goldcorp's Penasquito mine) carries a variable 1.5-2.5% royalty to Golden Minerals Company.

asset acquisition disposition

Completed the assignment from Skanderbeg Capital of its option to acquire a 50% interest in the La Buena gold-silver-base metals project in Zacatecas, Mexico, paying Skanderbeg $100,000 and assuming its obligations to project owner San Marco Resources: up to 2.5 million shares, $300,000 cash, and $6 million of exploration spending through 2014.

asset acquisition disposition