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Dudes and dudettes, this pennyscam has absolutely ZERO - I mean none at all - chance of mining from the Idaho-Maryland site.
ZEEEE-ROWE!
The people and more particularly the 5 county supervisors and the City of Grass Valley will not allow it - nott even a close call.
RYES is nothing but a reincarnation of the prior pennyscam, Emgold, that used this same bullshit story to sell oodles of pennyscam shares to sucker pennyvestors.
RYES is absolutely unsuitable for any investor to buy unless they seek total loss and capital losses for taxes. No one should buy into this SCAM.
See my many posts on the SIML board (and iBox) if you think I don't know Grass Valley, Western Nevada County, and its people and businesses like the back of my hands.
The local counties have had an Administrative Draft Environmental Impact Report for a couple weeks now. They need more clarification on a lot of the information in it, to check the accuracy of the information within. They could be done that phase in a month or so, then will be the Draft Environmental Impact Report, which will be open to the public. Then late 2021 or early 2022 there will be a Government Review of Final Environmental Impact Report. Right after that will be the Nevada County Board of Supervisors, which will make a decision on the Environmental Impact Report. The timeline for all of this is an estimate. This information was gathered from the MineWatch Community Meeting on May 27, 2021. Link at the bottom
RYES is a freaking SCAM - just like the old Emgold was.
This is entirely a scam to sell newly issued pennystock. ZERO chance of Idaho-Maryland ever reopening as a mine. There is a better chance of getting permits to drill for oil in Central Park in NYC or on the Capitol Mall in DC.
Anyone can file for permits, just as Emgld (another Canadian pennyscam stock) did several years ago. The city and county are legally required to process the applications, during which the scam sells stock to the new victims. Butt, just as with Emgold, there is ultimately ZERO chnce the applications will be approved and no permits will ever issue. Butt during the years of pendancey, the scam will issue and sell oodles of new pennystock to suckers.
Just, like Emgold, a pennyscam stock-printing and share distribution SCAM.
Rise Gold Corp. (OTC:RYES) is allegedly going to reopen the Idaho-Maryland gold mine in Grass Valley CA. The mine has been out of production since 1956 and is flooded. The 3 surface pads RYES owns as part of the underground claim are all in what is now a residential area. Anybody that restarts this mine is going to get a demand from the State of California to clean up the tailings piles left over from the 1950s.
Before RYES came along, Emgold Mining Corporation (OTC:EGMCF) was going to reopen the mine. They spend several years trying to get permitted and failed. Their plan to deal with the tailings was make clay tiles from them but they did not bother to mention that the tailings had all been run through a cyanide process gold extraction plant. When EGMCF did not get permitted they abandonded the project in 2016, at which point RYES picked it up.
RYES has only about C$250K in the bank and all of 2 employees but we are somehow supposed to believe that they are going to obtain all the permits they need, clean up the tailings piles, build a water treatment plant to they can drain the mine, drain said mine, re-timber some or all of the 75 miles of underground tunnels, install new winding equipment, air compressors, tools, lighting and ventilation equipment, and post the required reclamation bond which is likely to be at least US$100 million. Also, the good core samples they are advertising come from about a 5,000 foot depth when the mine is only about 3,400 feet deep so quite a bit of new tunneling will have to be done to get to the ore. All this in the face of teething opposition from the residents of Grass Valley who do not want the mine reopened.
Also, the mine next door, the Empire Star, is now a state park but the minerals are owned by Newmont. Newmont is not interested developing those mineral rights anytime soon and Newmont has the deep pockets to do so. If the Idaho-Maryland mine was is such a good deal then a major miner should be snapping it up. Nobody is. RYES did manage to sucker a couple of million dollars of new investor money last year though. Looking at RYES' financial statements I would like to know what kind of creative accounting turned the Idaho Maryland into a C$14 million asset in only about 3 years when RYSE is basically broke. All they have done so far is take core samples and the cost of that does not run anywhere near C$14 million.
Conclusion: caveat emptor when dealing with RYES stock. You can expect further dilution of your equity because the company has to sell stock to pay its bills. Plus, they will never get permitted to reopen the Idaho-Maryland mine.
No idea. All I need to know is that $RYES is tied to $AUY, we are at lows on a double bottom, gold is rallying,(rising tide raises all ships) and when there is liquidity and positive sentiment CEO's tend to release the good PR's.
$RYES My favorite exploration_co.. Ridiculous potential here..
Ties to Yamana(production co) which has a 1.8 bil market cap..
"Rise Gold sitting on a past producing mine site, but the 100% owned (on private land, with no royalties) Idaho-Maryland (“I-M“) Mine was a famous and nationally significant producer in the Grass Valley – Nevada City District in northern California. Mineralization is known to have consistent high-grade gold in quartz veins over significant vertical extents. Based on historical records, the I-M Mine produced a total of ~2.4 M ounces Au at an average mill head grade of ~0.50 oz./ton (17.1 g/tonne)"
Rise Gold Announces Financing of C$2.5 million Press Release | 10/16/2018
Rise Gold Announces Financing of C$2.5 million
October16, 2018 Vancouver, British Columbia Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (Rise Gold or the Company) announces that the Company intends to raise up to C$2.5 million through the issuance of up to 25,000,000 units (each a Unit) at a price of C$0.10 per Unit, with each Unit comprising one share of common stock (a Share) and one-half of one share purchase warrant. Each whole warrant (a Warrant) entitles the holder to acquire one Share at an exercise price of C$0.13 until October16, 2020.
The Company is pleased to announce that Yamana Gold Inc. (TSX: YRI; NYSE: AUY) through a wholly-owned subsidiary, Meridian Jerritt Canyon Corp., (the Acquiror) has completed a strategic initial investment in the financing of C$1.75 million through the purchase of 17,500,000 Units. As a result of the investment, the Acquiror now owns approximately 12.6% of Rise Golds issued and outstanding shares on a non-diluted basis, and approximately 17.8% of Rise Golds issued and outstanding shares on a partially diluted basis, assuming the exercise of the Warrants held by the Acquiror. Prior to the completion of the financing, the Acquiror did not hold any securities of Rise Gold. Yamana is a Canadian-based gold producer with significant gold production, gold development stage properties, exploration properties, and land positions throughout the Americas including Canada, Brazil, Chile and Argentina.
In connection with the financing, Rise Gold has granted the Acquiror a right to participate in any future equity financings of Rise Gold to maintain and increase its equity ownership up to 19.9% of the issued and outstanding shares the Company. In addition, the Acquiror will be permitted to nominate one individual to the board of directors of Rise Gold and to appoint two members to Rise Golds advisory committee. Rise Gold has also granted the Acquiror an exclusive right of first offer and first refusal for a period of six months following the closing of the financing, in respect of any proposed transfer or sale by Rise Gold of any interest, including a joint venture interest, in all or any part of the Idaho-Maryland Gold Project, on terms and conditions to be agreed upon by the parties.
All securities issued pursuant to the Private Placement will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws. The Company will use the proceeds from the Private Placement for the advancement of its Idaho-Maryland Gold Project and for general working capital.
In conjunction with the Acquirors investment, the Company will issue 875,000 share purchase warrants as a finders fee (the Finders Warrants) to Southern Arc Minerals Inc. (Southern Arc). Each Finders Warrant entitles the holder to acquire one share at an exercise price of C$0.13 until October16, 2020. Southern Arc is an insider of the Company by virtue of its shareholdings, and as a result, the payment of the finders fee constitutes a related party transaction under Multilateral Instrument 61101 Protection of Minority Security Holders in Special Transactions (MI61101). The related party transaction is exempt from the formal valuation requirements of Section5.4 of MI61101 pursuant to subsection5.5(a) of MI61101, and exempt from the minority approval requirements of Section5.6 of MI61101 pursuant to subsection5.7(1)(a) of MI61101. The Company will file a material report. A material change report was not filed more than 21 days prior to closing as contemplated by the related party transaction requirements under MI61-101 as the insider participation was only recently confirmed.
The securities offered have not been registered under the United States Securities Act of 1933, as amended (the U.S. Securities Act), or any state securities laws and may not be offered or sold absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.
While the Acquiror currently has no plans or intentions with respect to the Rise Gold securities, depending on market conditions, general economic and industry conditions, trading prices of Rise Golds securities, Rise Golds business, financial condition and prospects and/or other relevant factors, the Acquiror may develop such plans or intentions in the future and, at such time, may from time to time acquire additional securities, dispose of some or all of the existing or additional securities or may continue to hold the Rise Gold shares, Warrants or other securities of Rise Gold.
A copy of the early warning report filed by the Acquiror will be available under Rise Golds profile on SEDAR at www.sedar.com or by contacting Sofia Tsakos, Senior Vice President, General Counsel and Corporate Secretary at 416-815-0220. The Acquirors head office is located at Royal Bank Plaza, North Tower, 200 Bay Street, Suite 2200, Toronto, ON, M5J 2J3.
About Rise Gold Corp.
Rise Gold is an exploration-stage mining company. The Companys principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is a past producing gold mine with total past production of 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com. Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.
On behalf of the Board of Directors:
Benjamin Mossman
President, CEO and Director
Rise Gold Corp.
For further information, please contact:
RISE GOLD CORP.
Suite 650, 669 Howe Street
Vancouver, BC V6C 0B4
T: 604.260.4577
info@risegoldcorp.com
www.risegoldcorp.com
The CSE has not reviewed, approved or disapproved the contents of this news release.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as plan, expect, project, intend, believe, anticipate, estimate and other similar words or statements that certain events or conditions may or will occur.
Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.
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Once the stock market crashes and the muni bond disaster combined with job layoffs go, then the markets will meet reality and how people feel about jobs will adjust to a non Fed fueled Psuedo-Dow Jones.
Morning ComstockRoyalty, What's your take on RYES? You still thinking it's going up? I've been watching since early April when they did the name change. I'm wondering if they are going to be able to open the I-M Mine for production. The last owner tried to open it a number of years ago and the residents of Grass Valley Petitioned to have it stopped. If Ben Mossman CEO could some how get it open and start producing RYSE could rocket. Any thoughts?
these guys already got a deal but the catch is; that's its the same mining deal as last time....mining investor's pockets!!! ..what a CROCK of Sh!T !!!....80-1 REVERSE was so that NO ONE could benefit except existing management....even an outrageous 10-1 would have given hope to some investors to break even one day BUT THAT IS DEFINATELY OUT OF THE PICTURE NOW>>>...
If you still have money in this stock it's going to take a long time to get your money back. To me it's money versus time. Put it to work somewhere else and come back to this later on.If they would have gotten the first deal we would have made a lot of money. Maybe they have a new deal thats better.Lets hope so.
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