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Rise Gold Corp. operates as a mineral exploration company with a primary interest in the Idaho-Maryland Gold Mine property located in Northern California. Founded in 2007 and based in Vancouver, Canada, the company holds approximately 93 acres of surface land and 2,800 acres of mineral rights. Formerly known as Rise Resources Inc., Rise Gold Corp. focuses on exploration and development activities in the Grass Valley mining district.
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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