M&A
confidence high
sentiment neutral
materiality 0.65
Rise Gold Corp. sells 66 acres of land adjacent to Idaho-Maryland Mine for $4.3 million
Rise Gold Corp.
- First agreement for 16 acres ($1.8M) closed Nov 27, 2024; half paid, balance due Nov 27, 2026 at 5% annual interest.
- Second agreement for 50 acres ($2.5M) expected to close May 26, 2025; half due at close, balance due May 26, 2027.
- Purchaser placed $200k escrow and pays $12.5k/month rent until closing, applied to purchase price.
- Company retains all mineral rights; mining at Idaho-Maryland Mine can continue unaffected.
- Rise has option to repurchase land within 20 years after final mining approvals, at sale price plus improvements plus 5%/year.