Rise Gold Corp. SEC 10-Q Report

Rise Gold Corp., a company focused on the exploration and development of mineral properties, has released its Form 10-Q report for the period ending April 30, 2025. The report highlights significant improvements in financial performance and provides insights into the company's operational activities and future plans.

Financial Highlights

Rise Gold Corp. has reported notable improvements in its financial performance for the three and nine months ended April 30, 2025:

• Net Loss: $(756,034) for the three months ended April 30, 2025, compared to $(892,811) for the same period in 2024, indicating a reduction in losses.
• Net Loss: $(2,070,760) for the nine months ended April 30, 2025, compared to $(2,868,722) for the same period in 2024, reflecting improved financial performance.
• Basic and Diluted Loss Per Common Share: $(0.01) for the three months ended April 30, 2025, compared to $(0.02) for the same period in 2024.
• Basic and Diluted Loss Per Common Share: $(0.04) for the nine months ended April 30, 2025, compared to $(0.07) for the same period in 2024.
• Working Capital: $576,123 as of April 30, 2025, compared to a deficit of $(1,766,960) as of July 31, 2024, indicating improved liquidity.
• Net Cash Used in Operating Activities: $(849,659) for the nine months ended April 30, 2025, compared to $(1,826,580) for the same period in 2024, showing a significant reduction in cash outflow.
• Net Cash from Investing Activities: $1,614,349 for the nine months ended April 30, 2025, primarily from the sale of land.
• Net Cash Provided by Financing Activities: $1,319,065 for the nine months ended April 30, 2025, reflecting successful financing efforts.

Business Highlights

In addition to financial improvements, Rise Gold Corp. has made significant strides in its business operations:

• Geographical Performance: The company operates primarily in California, United States, where all of its equipment and mineral property interests are located. The focus is on the Idaho-Maryland Gold Mine property, a major past producing high-grade property near Grass Valley, California.
• Business Development: The company has been actively involved in selling non-core assets, such as the sale of 66 acres of industrial land adjacent to the Idaho-Maryland Mine Property for $4.3 million, which is part of two sale agreements with an arm's length third party.
• Future Outlook: The company plans to continue reviewing litigation options to protect its property rights under California state and US federal laws. It is also seeking to overturn the County of Nevada's decision denying its Vested Mining Rights.
• Project Design: The Use Permit application proposes underground mining to recommence at an average throughput of 1,000 tons per day, utilizing the existing Brunswick Shaft and constructing a second service shaft. The project includes plans for gold processing using gravity and flotation methods.
• Employees: The company had one full-time employee until September 23, 2023, and now relies on its CEO and President, who provides services under a consulting agreement, along with other officers and directors on an as-needed basis.
• Government Regulations: The company's exploration and development activities are subject to extensive federal, state, and local laws, regulations, and permits governing environmental protection. The company aims to conduct operations in compliance with applicable environmental laws and regulations.

SEC Filing: Rise Gold Corp. [ RYES ] - 10-Q - Jun. 16, 2025