Rise Gold Corp. Files 8-K: Material Agreement & Exhibits
Ticker: RYES · Form: 8-K · Filed: Nov 29, 2024 · CIK: 1424864
| Field | Detail |
|---|---|
| Company | Rise Gold Corp. (RYES) |
| Form Type | 8-K |
| Filed Date | Nov 29, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $4.3 million, $1.8 m, $2.5 million, $200,000, $12,500 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, filing, exhibits
TL;DR
Rise Gold Corp. signed a big deal, filed financials. Big news for miners.
AI Summary
On November 27, 2024, Rise Gold Corp. filed an 8-K report detailing an entry into a material definitive agreement. The filing also includes financial statements and exhibits. The company, incorporated in Nevada, is involved in metal mining.
Why It Matters
This filing indicates a significant new agreement for Rise Gold Corp., which could impact its operational and financial future in the metal mining sector.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce significant financial and operational risks or opportunities, requiring careful evaluation.
Key Players & Entities
- Rise Gold Corp. (company) — Registrant
- Nevada (jurisdiction) — State of incorporation
- November 27, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by Rise Gold Corp. on November 27, 2024?
The filing indicates an 'Entry into a Material Definitive Agreement' as an item of disclosure, but the specific details of the agreement are not provided in the provided text.
What are the key financial statements and exhibits included in this 8-K filing?
The filing lists 'Financial Statements and Exhibits' as an item of disclosure, but the specific content of these documents is not detailed in the provided text.
When was Rise Gold Corp. incorporated and what is its IRS Employer Identification Number?
Rise Gold Corp. was incorporated in Nevada and its IRS Employer Identification Number is 30-0692325.
What is Rise Gold Corp.'s principal executive office address?
Rise Gold Corp.'s principal executive offices are located at Suite 650, 669 Howe Street, Vancouver, British Columbia, Canada, V6C 0B4.
Has Rise Gold Corp. undergone any previous name changes?
Yes, Rise Gold Corp. was formerly known as Rise Resources Inc. (effective January 15, 2015), Patriot Minefinders Inc. (effective April 17, 2012), and Atlantic Resources Inc. (effective January 24, 2008).
Filing Stats: 668 words · 3 min read · ~2 pages · Grade level 10.6 · Accepted 2024-11-27 19:48:49
Key Financial Figures
- $4.3 million — land Mine Property (the "I-M Mine") for $4.3 million on October 1, 2024. The sale transactio
- $1.8 m — es of land for a total consideration of $1.8 million, closed on November 27, 2024, wit
- $2.5 million — acres of land for a total sale price of $2.5 million and is expected to close on May 26, 202
- $200,000 — May 26, 2027. The Purchaser has placed $200,000 in escrow and will pay $12,500 per mont
- $12,500 — placed $200,000 in escrow and will pay $12,500 per month in rent until the closing, wi
Filing Documents
- form8k.htm (8-K) — 14KB
- exhibit99-1.htm (EX-99.1) — 7KB
- exhibit99-1x001.jpg (GRAPHIC) — 9KB
- 0001062993-24-019780.txt ( ) — 243KB
- ryes-20241127.xsd (EX-101.SCH) — 4KB
- ryes-20241127_cal.xml (EX-101.CAL) — 1KB
- ryes-20241127_def.xml (EX-101.DEF) — 22KB
- ryes-20241127_lab.xml (EX-101.LAB) — 45KB
- ryes-20241127_pre.xml (EX-101.PRE) — 24KB
- form8k_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement Rise Gold Corp. (the "Company") contracted to sell 66 acres of industrial land located adjacent to the Company's Idaho-Maryland Mine Property (the "I-M Mine") for $4.3 million on October 1, 2024. The sale transaction is subject to two sale agreements with the same, arm's length third party (the "Purchaser"). The first agreement, which covers 16 acres of land for a total consideration of $1.8 million, closed on November 27, 2024, with the payment of half the sale price, minus certain deductions. The balance of the purchase price is due on November 27, 2026. The Purchaser will pay monthly interest at an annual rate of 5% per year on the balance of the purchase price until it is paid in full. The second sale agreement covers 50 acres of land for a total sale price of $2.5 million and is expected to close on May 26, 2025, at which point half of the sale price will be due, with the other half due on May 26, 2027. The Purchaser has placed $200,000 in escrow and will pay $12,500 per month in rent until the closing, with the rent payments to be applied against the purchase price. Commencing on the closing date, the Purchaser will pay monthly interest at an annual rate of 5% per year on the balance of the purchase price until it is paid in full. Rise Gold and the Purchaser have also agreed to 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.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 99.1 Press release dated November 27, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: November 27, 2024 RISE GOLD CORP. /s/ Joseph E. Mullin III Joseph Mullin Chief Executive Officer