Rise Gold Corp (TSE:RISE) has released an update.
Rise Gold Corp. has filed a Writ of Mandamus with the Superior Court of California to compel Nevada County to recognize its claimed vested right to operate the Idaho-Maryland mine, a right they argue is supported by historical operation and protected by the U.S. and California Constitutions. The company contends that the County’s requirement of proof beyond a preponderance of evidence for their vested right is incorrect, and they have not abandoned their right to mine. This legal action comes after a Board of Supervisors’ hearing denied Rise Gold’s petition, despite the company presenting substantial evidence and the Board’s potential bias being questioned.
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