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Rise Gold ( (TSE:RISE) ) has provided an update.
Rise Gold Corp. has received $702,000 from the sale of 66 acres of industrial land adjacent to its Idaho-Maryland Mine Property. This payment is part of a broader transaction valued at $4.3 million, aimed at reducing debt and funding ongoing operations. The sale includes an option for Rise to repurchase the land upon gaining necessary governmental approvals for mining operations. Additionally, proceeds will also support the company’s legal claims against Nevada County concerning its mining rights. If legal efforts fail, Rise plans to pursue compensation through a federal takings action, asserting the fair market value of its mineral estate to be at least $400 million.
More about Rise Gold
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.
YTD Price Performance: -13.33%
Average Trading Volume: 42,410
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.67M
For an in-depth examination of RISE stock, go to TipRanks’ Stock Analysis page.
