Rise Gold Corp. Files 8-K on Material Agreement
Ticker: RYES · Form: 8-K · Filed: Jan 17, 2025 · CIK: 1424864
| Field | Detail |
|---|---|
| Company | Rise Gold Corp. (RYES) |
| Form Type | 8-K |
| Filed Date | Jan 17, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $4.3 million, $1.8 m, $702,000, $900,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, metal-mining, sec-filing
TL;DR
Rise Gold Corp. signed a material agreement on Jan 14, filed Jan 17. Big news incoming.
AI Summary
Rise Gold Corp. filed an 8-K on January 17, 2025, reporting on a material definitive agreement entered into on January 14, 2025. 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 development for Rise Gold Corp., potentially involving a new contract or partnership that could impact its operations and financial future.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new risks or opportunities, and the specifics of this agreement are not detailed in the provided excerpt, necessitating further review.
Key Players & Entities
- Rise Gold Corp. (company) — Registrant
- Nevada (jurisdiction) — State of incorporation
- January 14, 2025 (date) — Date of earliest event reported
- January 17, 2025 (date) — Date of report
FAQ
What is the nature of the material definitive agreement entered into by Rise Gold Corp. on January 14, 2025?
The provided excerpt does not specify the details of the material definitive agreement, only that one was entered into on January 14, 2025, and reported via an 8-K filing on January 17, 2025.
What are the primary business activities of Rise Gold Corp.?
Rise Gold Corp. is involved in metal mining, as indicated by its Standard Industrial Classification code [1000].
In which U.S. state is Rise Gold Corp. incorporated?
Rise Gold Corp. is incorporated in Nevada.
What is the principal executive office address for Rise Gold Corp.?
The 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. (name change effective January 15, 2015), Patriot Minefinders Inc. (name change effective April 17, 2012), and Atlantic Resources Inc. (name change effective January 24, 2008).
Filing Stats: 535 words · 2 min read · ~2 pages · Grade level 10.8 · Accepted 2025-01-17 13:38:29
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
- $702,000 — purchaser whereby the Company received $702,000 in lieu of the second $900,000 payment
- $900,000 — received $702,000 in lieu of the second $900,000 payment due in November 2026. Item 9.0
Filing Documents
- form8k.htm (8-K) — 13KB
- exhibit99-1.htm (EX-99.1) — 7KB
- exhibit99-1x001.jpg (GRAPHIC) — 9KB
- 0001062993-25-000862.txt ( ) — 241KB
- ryes-20250114.xsd (EX-101.SCH) — 4KB
- ryes-20250114_cal.xml (EX-101.CAL) — 1KB
- ryes-20250114_def.xml (EX-101.DEF) — 22KB
- ryes-20250114_lab.xml (EX-101.LAB) — 45KB
- ryes-20250114_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 As previously reported, 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 agreed to pay monthly interest at an annual rate of 5% per year on the balance of the purchase price until paid in full. On January 14, 2025, the Company and the Purchaser negotiated a discounted, accelerated payment with the purchaser whereby the Company received $702,000 in lieu of the second $900,000 payment due in November 2026.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 99.1 Press release dated January 16, 2025 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: January 17, 2025 RISE GOLD CORP. /s/ Joseph E. Mullin III Joseph Mullin Chief Executive Officer