Rise Gold Announces Receipt of $702,000 with Regards to Property Sale
Rise Gold Corp (OTCQX: RYES) has received a $702,000 payment related to its property sale announced on November 27, 2024. This payment represents a negotiated, discounted acceleration of a $900,000 payment originally due in 2026, as part of a larger $4.3 million land sale transaction involving 66 acres of industrial land adjacent to the Idaho-Maryland Mine Property.
The sale comprises two transactions: First, 16 acres for $1.8 million, with $900,000 received at closing and the now-accelerated $702,000 payment. Second, 50 acres for $2.5 million, expected to close on May 26, 2025, with the buyer currently paying monthly rent of $12,500. The buyer has placed $200,000 in escrow.
Rise Gold maintains a repurchase option for the 66 acres if it obtains mining operation approvals. The company retains ownership of the 53-acre I-M Mine Property, 56-acre Centennial property, and 2,585 acres of mineral rights. The proceeds will fund debt repayment and legal claims against Nevada County regarding mining rights.
Rise Gold Corp (OTCQX: RYES) ha ricevuto un pagamento di $702,000 relativo alla vendita della sua proprietà annunciata il 27 novembre 2024. Questo pagamento rappresenta un'accelerazione negoziata e scontata di un pagamento di $900,000 originariamente dovuto nel 2026, come parte di una più ampia transazione di vendita di terreni del valore di $4.3 milioni che coinvolge 66 acri di terra industriale adiacente alla proprietà mineraria Idaho-Maryland.
La vendita comprende due transazioni: In primo luogo, 16 acri per $1.8 milioni, con $900,000 ricevuti al momento della chiusura e l'attuale pagamento accelerato di $702,000. In secondo luogo, 50 acri per $2.5 milioni, previsto per chiudere il 26 maggio 2025, con l'acquirente che attualmente paga un affitto mensile di $12,500. L'acquirente ha messo $200,000 in deposito.
Rise Gold mantiene un'opzione di riacquisto per i 66 acri se ottiene l'approvazione per le operazioni minerarie. L'azienda mantiene la proprietà della I-M Mine Property di 53 acri, della proprietà Centennial di 56 acri e di 2,585 acri di diritti minerari. I proventi saranno utilizzati per il rimborso del debito e per rivendicazioni legali contro la Contea di Nevada riguardanti i diritti minerari.
Rise Gold Corp (OTCQX: RYES) ha recibido un pago de $702,000 relacionado con la venta de su propiedad anunciada el 27 de noviembre de 2024. Este pago representa una aceleración negociada y descontada de un pago de $900,000 que originalmente vencía en 2026, como parte de una transacción más amplia de venta de terrenos por un valor de $4.3 millones que involucra 66 acres de terreno industrial adyacente a la propiedad minera Idaho-Maryland.
La venta comprende dos transacciones: Primero, 16 acres por $1.8 millones, con $900,000 recibidos al cierre y el ahora acelerado pago de $702,000. Segundo, 50 acres por $2.5 millones, que se espera cierre el 26 de mayo de 2025, con el comprador pagando actualmente un alquiler mensual de $12,500. El comprador ha depositado $200,000 en una cuenta de garantía.
Rise Gold mantiene una opción de recompra para los 66 acres si obtiene aprobaciones para operaciones mineras. La compañía conserva la propiedad de la I-M Mine Property de 53 acres, la propiedad Centennial de 56 acres y 2,585 acres de derechos minerarios. Los ingresos se destinarán al pago de deudas y a reclamaciones legales contra el condado de Nevada relacionadas con derechos mineros.
Rise Gold Corp (OTCQX: RYES)는 2024년 11월 27일 발표된 부동산 판매와 관련하여 $702,000의 지불을 받았습니다. 이 지불은 원래 2026년에 지급될 예정이었던 $900,000 지불의 할인된 협상 형태로, 아이더호-메릴랜드 광산 자산과 인접한 66에이커의 산업용 토지를 포함하는 총 $4.3백만의 토지 판매 거래의 일환입니다.
판매는 두 가지 거래로 구성됩니다: 첫째, 16에이커에 대해 $1.8백만으로, 거래 완료 시 $900,000을 받고 이제 가속화된 $702,000을 받습니다. 둘째, 50에이커에 대해 $2.5백만으로, 2025년 5월 26일에 거래를 마무리할 예정이며, 현재 구매자는 월 $12,500의 임대료를 지불하고 있습니다. 구매자는 $200,000를 에스크로에 넣었습니다.
Rise Gold는 광산 운영 승인을 받으면 66에이커를 재매입할 수 있는 옵션을 유지합니다. 회사는 53에이커 규모의 I-M Mine Property, 56에이커의 Centennial property 및 2,585에이커의 광물 권리를 보유하고 있습니다. 수익은 부채 상환 및 네바다 카운티에 대한 광산 권리 관련 법적 주장에 사용될 것입니다.
Rise Gold Corp (OTCQX: RYES) a reçu un paiement de 702,000 $ lié à la vente de sa propriété annoncée le 27 novembre 2024. Ce paiement représente une accélération négociée et à prix réduit d'un paiement de 900,000 $ initialement dû en 2026, dans le cadre d'une transaction plus large de vente de terrains de 4,3 millions de dollars impliquant 66 acres de terrain industriel adjacent à la propriété minière Idaho-Maryland.
La vente se compose de deux transactions : Premièrement, 16 acres pour 1,8 million de dollars, avec 900,000 $ reçus lors de la clôture et le paiement désormais accéléré de 702,000 $. Deuxièmement, 50 acres pour 2,5 millions de dollars, prévu pour clôturer le 26 mai 2025, l'acheteur payant actuellement un loyer mensuel de 12,500 $. L'acheteur a placé 200,000 $ en séquestre.
Rise Gold conserve une option de rachat pour les 66 acres si elle obtient les approbations nécessaires pour les opérations minières. L'entreprise garde la propriété de la propriété I-M Mine de 53 acres, de la propriété Centennial de 56 acres et de 2,585 acres de droits minéraux. Les recettes serviront à rembourser des dettes et à traiter des réclamations légales contre le comté de Nevada concernant les droits miniers.
Rise Gold Corp (OTCQX: RYES) hat eine Zahlung von $702,000 im Zusammenhang mit dem Verkauf seiner Immobilie erhalten, der am 27. November 2024 bekannt gegeben wurde. Diese Zahlung stellt eine verhandelte, rabattierte Vorverlegung einer ursprünglich für 2026 fälligen Zahlung von $900,000 dar, im Rahmen einer größeren Grundstücksverkaufs-Transaktion über $4.3 Millionen, die 66 Acres Industriegrundstück in der Nähe der Idaho-Maryland Mine umfasst.
Der Verkauf besteht aus zwei Transaktionen: Erstens, 16 Acres für $1.8 Millionen, wobei $900,000 bei Abschluss erhalten wurden und die nun vorverlegte Zahlung von $702,000. Zweitens, 50 Acres für $2.5 Millionen, die voraussichtlich am 26. Mai 2025 abgeschlossen wird, wobei der Käufer derzeit monatlich $12,500 Miete zahlt. Der Käufer hat $200,000 in Treuhand gegeben.
Rise Gold behält sich eine Rückkaufoption für die 66 Acres vor, falls die Genehmigungen für den Bergbaubetrieb erteilt werden. Das Unternehmen bleibt im Besitz der 53-Acre I-M Mine Property, des 56-Acre Centennial Property und 2,585 Acres an Mineralrechten. Die Einnahmen werden zur Rückzahlung von Schulden und zur rechtlichen Klärung von Ansprüchen gegen den Bezirk Nevada bezüglich Bergbaurechten verwendet.
- Received $702,000 in accelerated payment from property sale
- Additional $2.5 million expected from second land sale transaction in May 2025
- Receiving $12,500 monthly rent payments until second transaction closing
- Maintains repurchase option for sold land if mining approvals obtained
- Selling substantial land assets to fund operations and legal battles
- Facing legal challenges with Nevada County over mining rights
- Risk of mineral estate losing all value if Writ is unsuccessful
Grass Valley, California--(Newsfile Corp. - January 16, 2025) - Rise Gold Corp. (CSE: RISE) (OTCQX: RYES) (the "Company") announces it has received a
On November 27, 2024, Rise announced the sale of 66 acres of industrial land located adjacent to the Company's Idaho-Maryland Mine Property (the "I-M Mine Property") for
The second sale agreement covers 50 acres of land for total sale price of
Rise and the purchaser have also executed an option agreement whereby the Company may repurchase the 66 acres of land being sold for the sale price plus the cost of any capital improvements plus an increase of five percent per year on the condition that Rise acquires final government approvals to perform mining operations at the I-M Mine Property.
The Company retains ownership of the I-M Mine Property, which is comprised of 53 acres of land surrounding the New Brunswick shaft, as well as its nearby 56-acre Centennial property, and it retains all of its 2,585 acres of mineral rights.
The Company will use the sale proceeds to repay debt and to fund its legal claims against Nevada County (the "County"). As previously disclosed in its press release dated May 13, 2024, the Company has 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 of Supervisors of Nevada County to follow applicable law and grant Rise recognition of its constitutionally-protected, grandfathered vested right to operate the Mine.
Rise's litigation attorneys at Cooper & Kirk have advised the Company that should the Writ be unsuccessful, Rise's mineral estate will lose all value, which will allow Rise to bring a takings action in federal court against the County under the Fifth Amendment of the U.S. Constitution. The remedy for an unconstitutional taking is the payment of just compensation, which is the fair market value of the property taken. 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
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.
Suite 215, 333 Crown Point Circle
Grass Valley, CA 95945
T: 530.433.0188
info@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/237390
FAQ
How much did Rise Gold (RYES) receive in accelerated payment for its property sale in January 2025?
What is the total value of Rise Gold's (RYES) property sale announced in November 2024?
When is Rise Gold (RYES) expected to close the second property sale transaction?
What are the terms of Rise Gold's (RYES) repurchase option for the sold property?
How much monthly rent is Rise Gold (RYES) receiving for the 50-acre property before closing?
