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Riverside Resources ( (TSE:RRI) ) just unveiled an announcement.
Riverside Resources has doubled the size of its Jacket Property in central British Columbia by optioning the adjacent Redtop claims from a private group, consolidating them into the newly named Red Jacket Project. The expanded project lies in a well-known volcanogenic massive sulphide belt near Taseko Mines’ feasibility-stage Yellowhead Copper Project and hosts multiple outcropping and previously drilled polymetallic occurrences along a 4 km mineralized trend. Riverside’s 2025 sampling program confirmed meaningful polymetallic grades at surface in the Redtop–Snow–Sunrise showings, reinforcing the potential for future drill testing and systematic follow-up work. Under the option terms, Riverside can acquire the Redtop claims through staged cash payments and work expenditures, while the vendor retains a small net smelter returns royalty, positioning Riverside to advance a larger, contiguous exploration package in a proven district and potentially enhance its future resource discovery pipeline.
Spark’s Take on TSE:RRI Stock
According to Spark, TipRanks’ AI Analyst, TSE:RRI is a Neutral.
Riverside Resources faces significant financial challenges with no revenue and negative cash flows, impacting its overall score. Despite these issues, positive technical momentum and strategic corporate actions, such as the Blue Jay Gold spin-out, offer some optimism. Valuation concerns persist with a negative P/E ratio, indicating potential risks.
To see Spark’s full report on TSE:RRI stock, click here.
More about Riverside Resources
Riverside Resources Inc. is a mineral exploration company focused on generating and advancing early-stage precious and base metals projects in North America, with a portfolio that includes properties in British Columbia. The company leverages partnerships, historical data and systematic exploration to develop prospective targets, particularly in established mining districts with existing infrastructure and known deposits.
Average Trading Volume: 74,293
Technical Sentiment Signal: Buy
Current Market Cap: C$20.57M
See more insights into RRI stock on TipRanks’ Stock Analysis page.