UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________
FORM
CURRENT REPORT
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Item 1.01 Entry into a Material Definitive Agreement
As previously reported, Rise Gold Corp. (the "Company") contracted to sell 66 acres of industrial land located adjacent to the Company's Idaho-Maryland Mine Property (the "I-M Mine") for $4.3 million on October 1, 2024. The sale transaction is subject to two sale agreements with the same, arm's length third party (the "Purchaser").
The first agreement, which covers 16 acres of land for a total consideration of $1.8 million, closed on November 27, 2024, with the payment of half the sale price, minus certain deductions. The balance of the purchase price is due on November 27, 2026. The Purchaser agreed to pay monthly interest at an annual rate of 5% per year on the balance of the purchase price until paid in full. On January 14, 2025, the Company and the Purchaser negotiated a discounted, accelerated payment with the purchaser whereby the Company received $702,000 in lieu of the second $900,000 payment due in November 2026.
The second sale agreement covers 50 acres of land for a total sale price of $2.5 million and this transaction closed on May 27, 2025, with half of the sale price paid on closing and the other half due on May 27, 2027. Commencing on the closing date, the buyer will pay monthly interest at an annual rate of 5% per year on the balance of the purchase price until it is paid in full. A portion of the proceeds totaling $680,000 was allocated to pay off the remaining balance of the Company's secured debt, and the balance of the funds is available to the Company to support operations and its legal claims against Nevada County ("the County").
The information provided in this filing about the closing of the second sale agreement on May 27, 2025 updates the more detailed disclosure about the two sale agreements provided in a Form 8-K amendment filed by the Company on April 18, 2025.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
| Exhibit No. |
Description |
| 99.1 | Press release dated May 29, 2025 |
| 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: May 30, 2025
RISE GOLD CORP.
/s/ Joseph E. Mullin III
Joseph Mullin
Chief Executive Officer