Rise Gold Corp (OTC: RYES) is a gold exploration-stage company focused on advancing the Idaho-Maryland (I-M) Mine property located in Grass Valley, California. The company generates no revenue. It funds operations through equity issuances and secured debt, including a $500,000 loan from Myrmikan Gold Fund, LLC at 15% per annum interest, finalized October 2024. As of the fiscal year ended July 31, 2025, Rise Gold carried accumulated deficits and reported only expenses, including geological and mineral costs, salaries, share-based compensation, and professional fees. No current mineral resource or mineral reserve estimates have been prepared for the I-M Mine property. The company is drilling and sampling the historic I-M Mine, which historically produced approximately 2.4 million ounces of gold from roughly 5.3 million tons of ore across its Idaho and Brunswick mine systems. Joseph Mullin serves as President and CEO. The fiscal year runs to July 31, and the 10-K was filed October 29, 2025.

Revenue model

No revenue. Rise Gold is pre-revenue at exploration stage. Operations are funded through common stock issuances and secured loans. The $500,000 Myrmikan loan (October 2024) carries 15% annual interest, accruing to maturity over four years.

Products and services

Exploration and development of the Idaho-Maryland (I-M) Mine gold property in Grass Valley, California. Activities include diamond drilling, drill core sampling, screen fire assaying conducted at ALS Minerals lab in Reno, Nevada, and a quality control program using blanks, duplicates, and certified standards.

Customers and end markets

No customers. End market would be gold bullion upon any future production. No offtake agreements or sales are disclosed in the filing.

Value-chain role

Early-stage mineral explorer. Rise Gold sits at the exploration and resource definition phase of the mining value chain, prior to feasibility, permitting, construction, or production.

Geographic exposure

Single-asset focus in Grass Valley, Nevada County, California, United States. Drill core is stored on-site in Grass Valley and transported to Reno, Nevada for assay.

Source: SEC 10-K, filed 2025-10-29

Industry: Metal Mining Peers: Teck Resources Ltd