Quarterly ResultJun 15, 2026, 03:51 PM
Rise Gold Q3 Cash $7.96M; Net Loss $(3.20)M; Subsidiary Legal Judgment
AI Summary
Rise Gold Corp. reported a net loss of $3.198 million for the nine months ended April 30, 2026, an increase from $2.071 million in the prior year. Despite the increased loss, the company significantly boosted its cash and cash equivalents to $7.963 million and increased its working capital surplus to $7.406 million, primarily driven by successful financing activities. Additionally, a summary judgment was granted against its subsidiary, Rise Grass Valley Inc., for alleged Clean Water Act violations, with trial on remaining issues scheduled for July 2027.
Key Highlights
- Net loss for the nine months ended April 30, 2026, was $(3.198) million, up from $(2.071) million YoY.
- Cash and cash equivalents increased to $7.963 million as of April 30, 2026, from $2.783 million at July 31, 2025.
- Working capital surplus rose to $7.406 million as of April 30, 2026, from $1.930 million at July 31, 2025.
- Total stockholders' equity grew to $8.817 million as of April 30, 2026, from $3.263 million at July 31, 2025.
- Net cash provided by financing activities was $7.461 million for the nine months ended April 30, 2026.
- All Eridanus and Myrmikan loans were repaid in May 2025, and the credit facility was cancelled in December 2025.
- A summary judgment was granted against subsidiary Rise Grass Valley Inc. for alleged Clean Water Act violations.
- Completed private placements totaling $10 million in May and October 2025.
Price Impact
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