false 2023-09-29 0001424864 Rise Gold Corp. 0001424864 2023-09-29 2023-09-29

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 29, 2023

RISE GOLD CORP.
(Exact name of registrant as specified in its charter)

Nevada 000-53848 30-0692325
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)

650-669 Howe Street
Vancouver, British Columbia, Canada V6C 0B4
(Address of principal executive offices) (ZIP Code)

Registrant’s telephone number, including area code: (604) 260-4577

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class   Trading Symbols   Name of each exchange on which registered
N/A   N/A   N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b -2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.


 

Item 8.01 Other Events

On September 29, 2023 the Company reported that Nevada County (the "County") has announced that its Board of Supervisors will hold its public hearing on the Company's Vested Rights Petition (the "Petition") on the Idaho-Maryland Mine Project (the "IMM Project"), previously scheduled for late October, on December 13 and 14, 2023.

Mining operations at the IMM Project were continuous before, during, and after the County first required a permit to mine in 1954, establishing a vested right to continue mining. Vested rights do not expire unless there is evidence that a property owner intended to abandon the right and also took an overt act demonstrating such an intent. Under California law, the burden of proof to show abandonment lies with the County

A decision on the Petition is not discretionary, rather the Board of Supervisors must decide whether to confirm the vested rights by reviewing the historical facts in light of how the California Supreme Court has interpreted the relevant legal principles.

Item 9.01 Financial Statements and Exhibits

Exhibit
No.
Description
   
99.1 Press release dated September 29, 2023
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date:  September 29, 2023

RISE GOLD CORP.

/s/ Joseph Mullin    
Joseph Mullin    
Chief Executive Officer    



 

.

Rise Gold Reports Vested Rights Hearing Date

September 29, 2023 - Grass Valley, California - Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the "Company") reports that Nevada County (the "County") has announced that its Board of Supervisors will hold its public hearing on the Company's Vested Rights Petition (the "Petition") on the Idaho-Maryland Mine Project (the "IMM Project"), previously scheduled for late October, on December 13 and 14, 2023.

The County explained the delay by pointing to "2,000 pages submitted with the petition for recognition of vested rights, which far exceeds most other known petitions for vested rights." The Company's Petition includes comprehensive records to demonstrate that all of the property owners of each of the parcels of land that comprise the IMM Project either intended to reestablish mining themselves or marketed their properties to mining companies.

Mining operations at the IMM Project were continuous before, during, and after the County first required a permit to mine in 1954, establishing a vested right to continue mining. Vested rights do not expire unless there is evidence that a property owner intended to abandon the right and also took an overt act demonstrating such an intent. Under California law, the burden of proof to show abandonment lies with the County.

Joe Mullin, CEO of Rise Gold Corp. commented: "The Company looks forward to the hearing before the Nevada County Board of Supervisors on its Petition asserting grandfathered rights to mine in Nevada County. The hearing is an important step as we continue our efforts to advance the IMM Project."

A decision on the Petition is not discretionary, rather the Board of Supervisors must decide whether to confirm the vested rights by reviewing the historical facts in light of how the California Supreme Court has interpreted the relevant legal principles.

A link to the news release from the County is here:

https://nevadacountyca.gov/CivicAlerts.aspx?AID=6991


- 2 -

About Rise Gold Corp.

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.

On behalf of the Board of Directors:

Joseph Mullin

President and CEO

Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.

Suite 215, 333 Crown Point Circle

Grass Valley, CA 95945

T: 530.433.0188

info@risegoldcorp.com

www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words or statements that certain events or conditions "may" or "will" occur. 

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements.  Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.


v3.23.3
Document and Entity Information Document
Sep. 29, 2023
Document Information [Line Items]  
Document Type 8-K
Document Creation Date Sep. 29, 2023
Document Period End Date Sep. 29, 2023
Amendment Flag false
Entity Registrant Name Rise Gold Corp.
Entity Address, Address Line One 650-669 Howe Street
Entity Address, City or Town Vancouver
Entity Address, State or Province BC
Entity Address, Country CA
Entity Address, Postal Zip Code V6C 0B4
Entity Incorporation, State Country Name NV
City Area Code 604
Local Phone Number 260-4577
Entity File Number 000-53848
Entity Central Index Key 0001424864
Entity Emerging Growth Company true
Entity Tax Identification Number 30-0692325
Entity Ex Transition Period false
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false

Rise Gold (QX) (USOTC:RYES)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Rise Gold (QX) Charts.
Rise Gold (QX) (USOTC:RYES)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Rise Gold (QX) Charts.