Riverside sets 2026 exploration, royalty, growth plans

Executive Summary

• Riverside Resources Inc. outlined its 2026 strategic outlook, focusing on advancing its project generator and royalty portfolio in Canada and Mexico, leveraging a strong balance sheet with no debt and approximately 93 million shares outstanding.
• The company highlighted key 2025 milestones, including the successful spinout of Blue Jay Gold Corp., the completion of a $3.7-million non-brokered private placement with strategic investors (including Rick Rule and Sprott Wealth Management), and the advancement of partner-financed exploration at the Union project in Mexico.
• 2026 goals include advancing Canadian assets (Red Jacket, Revel, Deer Park) through drilling and permitting, completing assaying for the Union project phase 1 drilling, and growing the royalty portfolio anchored by Tajitos and Sugarloaf Peak.

Key Details

• Financing Recap: Closed a $3.7-million non-brokered private placement on Dec 1, 2025.
  • Investors: Rick Rule, Sprott Wealth Management, and Metallum.
  • Structure: 18.46 million units issued.
  • Warrants: Half warrants exercisable at $0.30 for two years.
  • Post-Financing Status: 93 million shares outstanding; no debt.
• Blue Jay Gold Spinout: Completed in May 2025 under a court-approved plan of arrangement. Shareholders received one Blue Jay share and one new Riverside share for every five Riverside shares held on May 22, 2025. Riverside retained a royalty on Blue Jay's Ontario property portfolio.
• Union Project (Mexico):
  • Agreement: Definitive option agreement with Questcorp Mining on the 2,520-hectare Union project in Sonora.
  • Earn-in Terms: Up to $5.5-million in exploration expenditures for Questcorp to earn-in.
  • Equity: Questcorp issued 6,285,722 shares to Riverside (9.9% of Questcorp) plus cash payments.
  • Drilling Status: Phase 1 drill campaign completed in late 2025 (12 holes, >1,600 meters). Assays are pending for Q1 2026.
  • 2026 Plan: Complete assaying and plan follow-up work to advance Union as a district-scale carbonate replacement region.
• Cecilia Project (Mexico):
  • 2025 Work: Positive Q4 2024 drilling results followed by 2025 targeting, geophysics, and structural modeling.
  • Geology: Confirmed large, low-sulphidation epithermal system. Targets include San Jose vein system, East target, Mayra vein, and South Mesa fault.
  • 2026 Plan: Position project for additional drilling and actively market for option or partnership.
• Canadian Assets (British Columbia):
  • Projects: Red Jacket, Revel, and Deer Park.
  • Objectives: Move to advanced exploration stages (drill permitting, geophysics, partner exploration).
  • Specifics: Red Jacket confirmed analogues to Yellowhead mining camp; Deer Park to Rossland mining camp; Revel outlines a 12-kilometre-long carbonatite-style rare-earth system (undrilled).
  • Strategy: Assess additional B.C. and Canadian opportunities in Q1 2026 using capital from December financing to secure tenures and grow Canadian business.
• Royalty Portfolio:
  • Tajitos: 2% NSR on gold project operated by Fresnillo.
  • Sugarloaf Peak: 2% NSR on gold project operated by Arizona Metals Corp.
  • Capitan Silver: Royalty on Cruz de Plata project.
  • Blue Jay Gold: Royalty on Ontario properties.
  • Goal: Originate new royalties through transactions in Canada, Mexico, and potentially the US, retaining NSRs/equity while transferring capital burden to partners.
• Corporate Development:
  • Conferences: Attending AME Roundup (Vancouver, Jan 26-29, 2026) and PDAC (Toronto, March 1-4, 2026).
  • Other Mexican Assets: Cuarentas (drill permitted), Valle, and Ariel porphyry copper prospects.

Notable Quotes

• "Two thousand twenty-five was a pivotal year for Riverside as we delivered on several of the major objectives we laid out at the start of the year... These actions place us in a strong position for 2026." — Dr. John-Mark Staude, President and CEO
• "In 2026, we intend to keep doing what has worked for Riverside: emphasis on focused capital management, advance our best projects with our own capital and with third party partner funding where prudent, and grow our royalty and equity portfolio exposure to potential discoveries, and future value generation transactions." — Dr. John-Mark Staude, President and CEO