Rise Gold Closes US$7,000,000 Financing

Executive Summary

• Rise Gold Corp. closed a non‑brokered private placement, raising US$7 million from the sale of 28 million units at $0.25 per unit.
• The proceeds will fund general working capital, legal expenses related to litigation over the Idaho‑Maryland‑Brunswick Mine, and technical work.
• Key investors include Abdiel Capital Advisors (US$3.6 M for a 12% undiluted stake) and Equinox Partners (US$1.4 M maintaining a 19.8% undiluted stake).

Key Details

• Units sold: 28,000,000 units @ US$0.25 each → gross proceeds: US$7,000,000.
• Unit composition: 1 common share + 1 warrant (exercise price US$0.45, exercisable until 24 Oct 2028).
• Finder’s fees: US$1,500 paid; 6,000 finder’s warrants issued at the same exercise price and expiry as unit warrants.
• Related‑party participation: Directors/officers purchased 1,080,000 units for US$270,000 (≈25% of market cap exemption).
• Major investors:
• Abdiel Capital Advisors – US$3.6 M → 12% undiluted ownership.
• Equinox Partners – US$1.4 M → retains 19.8% undiluted ownership.
• Myrmikan Gold Fund – US$250,000 → 12.2% undiluted ownership.
• Use of proceeds: General working capital, legal expenses (litigation over IM Mine permit), and technical work.
• Hold period: Canadian securities hold expires 25 Feb 2026; U.S. securities subject to applicable registration exemptions.
• Litigation update: Company expects Superior Court decision on its writ of mandamus in Q1 2026; potential fair market value of mineral estate estimated ≥ US$400 M if taken by the County.

Notable Quotes

“We are pleased to have Abdiel as a shareholder and also that Equinox retained its 19.8% interest in the Company. Rise is now fully financed to expand its litigation efforts to allow the I‑M Mine to move forward towards development.” – Joe Mullin, President & CEO