Rise Gold Corp. SEC 10-Q Report

Rise Gold Corp., a mining company focused on the exploration and development of mineral properties, has released its Form 10-Q report for the third quarter. The report provides a detailed overview of the company's financial performance and operational activities, with a particular focus on its flagship Idaho-Maryland Gold Mine property in California. Financial Highlights Net Loss and Comprehensive Loss for the Period: $(1.35) million. The increase in net loss compared to the prior period was primarily due to higher non-cash share-based compensation and increased professional fees related to litigation efforts.Basic and Diluted Loss Per Common Share: $(0.01), consistent with the prior period, reflecting the impact of increased expenses on a larger number of shares outstanding. Business Highlights 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. Legal Developments The company is engaged in legal efforts to assert its vested right to mine at the Idaho-Maryland Gold Mine Property without a use permit. A Writ of Mandamus was submitted to the Superior Court of California to compel the Board of Supervisors of Nevada County to recognize this right. Operational Strategy The company plans to continue litigation to protect its property rights and assess the potential supply of tungsten at the Idaho-Maryland Mine Property. The Use Permit application proposes underground mining with an average throughput of 1,000 tons per day. Project Design The project design includes using the existing Brunswick Shaft for rock conveyance and constructing a second service shaft. Gold processing will be done by gravity and flotation, with processing equipment enclosed in modern buildings. A water treatment plant will ensure regulatory compliance for groundwater discharge. Employee Structure As of November 20, 2025, the company has appointed a new CEO, David Watkinson, who is an employee of the company. Other officers and directors provide services on an as-needed basis, supported by independent consultants. Future Outlook The company expects to operate at a loss for at least the next 12 months but has raised $7,000,000 through securities issuance to support ongoing operations. The focus will remain on legal proceedings and potential tungsten supply assessment at the I-M Mine Property.SEC Filing: Rise Gold Corp. [ RYES ] - 10-Q - Dec. 15, 2025