regulatory
confidence high
sentiment neutral
materiality 0.65
Rise Gold asserts vested mining right at Idaho-Maryland Mine; hearing set for late Oct
Rise Gold Corp.
- Rise Gold files petition to confirm vested right to mine at IM Mine (historical producer up to 129,000 oz/yr).
- Nevada County Board of Supervisors public hearing scheduled for late October 2023; decision is non-discretionary.
- Use Permit hearing rescheduled to early December 2023 if necessary.
- Over $60 million raised since 1987 to develop and reopen the mine; legal experts assert vested right not abandoned.
- Cites California Supreme Court Hansen Brothers case; cessation of use alone does not constitute abandonment.