regulatory
confidence high
sentiment negative
materiality 0.80
Rise Gold's Idaho-Maryland Mine permit denied; company prepares litigation
Rise Gold Corp.
- Nevada County denied Use Permit and refused to certify FEIR on Feb 16, 2024, citing disasters, water, noise.
- FEIR had concluded no significant impacts; County's own consultant called technical analysis exceptional.
- Rise retains Cooper & Kirk PLCC for legal options including 5th Amendment takings and 14th Amendment due process claims.
- Options also include Writ of Mandamus to overturn vested rights denial and temporary taking damages from Dec 14, 2023.
- CEO Joe Mullin states company will vigorously defend property rights and protect shareholder interests.