Rise Gold Closes US$7,000,000 Financing

Core Points - Rise Gold Corp. has successfully closed a non-brokered private placement, raising a total of US$7,000,000 through the sale of 28,000,000 units at a price of US$0.25 per unit [2][3] - Each unit consists of one share of common stock and one common share purchase warrant, with the warrant allowing the purchase of an additional share at US$0.45 until October 24, 2028 [2][3] - The funds raised will be used for general working capital, legal expenses, and technical work related to the Idaho-Maryland-Brunswick Mine [8] Financing Details - The financing involved a total of 28,000,000 units sold at US$0.25 per unit, resulting in US$7,000,000 raised [2] - Finder's fees of US$1,500 were paid, and 6,000 finder's warrants were issued, each allowing the purchase of one share at US$0.45 until October 24, 2028 [3] - Significant investments came from Abdiel Capital Advisors (US$3.6 million), Equinox Partners (US$1.4 million), and Myrmikan Gold Fund (US$250,000) [6] Mine Background - The Idaho-Maryland Mine produced 2.4 million ounces of gold at a mill grade of 17 grams per tonne from the 1860s to 1956 [4] - An Environmental Impact Report published in 2023 concluded that the environmental impacts of the proposed project could be mitigated to a "less than significant" effect, with minor exceptions [4] Legal Context - The County Supervisors denied Rise's permit application, leading to a writ of mandamus filed against the County, with a decision expected in the first quarter of 2026 [5] - If the court rejects the writ, the County will owe just compensation for the mineral estate, estimated by management to be at least US$400 million based on comparable mines [5] Related Party Transactions - Directors and officers of Rise Gold purchased a total of 1,080,000 units for gross proceeds of US$270,000, which constitutes a related party transaction [7] - The participation of related parties is exempt from formal valuation and minority approval requirements under MI 61-101 due to the extent of their participation being less than 25% of the company's market capitalization [7]