regulatory
confidence high
sentiment negative
materiality 0.90
Nevada County legal staff opine Rise Gold's mining rights abandoned; hearing Dec 13; $400M takings claim warned
Rise Gold Corp.
- Nevada County legal staff opine that any vested right to operate Idaho-Maryland Mine was abandoned.
- Board of Supervisors to decide on Dec 13; company argues Hansen Bros. precedent requires intent to abandon, not mere cessation.
- Company submitted 2,000 pages showing no intent to abandon; notes similar rights recognized in Merced and San Bernardino for mines ceased 1950/1954.
- Cooper & Kirk warns denial would be an unconstitutional taking; mineral estate valued at least $400M.