Rise Gold Corp (RYES)

Rise Gold Corp Q3 2025 Financial Analysis

Report Date: 2025-06-30
Period Covered: Quarter ended April 30, 2025 (Q3) and nine months ended April 30, 2025

Profit & Loss

• Q3 net loss of $756,034, improved from last year’s Q3 loss of $892,811 (-15.3%).
• Nine-month cumulative loss of $2,070,760 vs. $2,868,722 in prior period (-27.8%).

Drivers:

• Geological/mineral exploration expense sharply lower ($7,131 vs. $337,158).
• Professional and legal fees elevated to support permitting and litigation.
• Stable impairment charge on drilling equipment ($311,530).

Debt & Liquidity

• Total debt of $1.34 M (current + noncurrent loans + credit facility), down 25% from $1.78 M in July 2024.
• Cash balance up to $2.33 M (from $0.24 M) after mineral property sale proceeds ($1.61 M) and equity financings ($1.90 M net).
• Working capital surplus of $576 K vs. a $1.77 M deficit in July 2024.

Pros

• Strong post-transaction cash runway into 2027.
• Reduced debt burden enhances financial flexibility.
• Historical gold resource at Idaho-Maryland mine offers exploration upside.

Cons

• No operating revenue; remains in exploration stage.
• Ongoing losses and going‐concern risk without mine‐permitting success.
• Complex environmental/permitting process in California may delay development.

Conclusion:
Rise Gold Corp has materially strengthened its balance sheet through asset sales and financings, reducing debt and bolstering cash reserves. However, the company remains loss-making and heavily dependent on securing permits and additional financing to transition from exploration to production.

There are no revenue streams—Rise Gold is in exploration stage. Expense breakdown for Q3 ended April 30, 2025:

• Accretion Expense: $63,765
• Consulting Fees: $49,769
• Geological & Mineral Exploration: $7,131
• Interest Expense: $55,592
• Professional Fees: $104,335
• Regulatory & Filing Fees: $5,341
• Foreign Exchange (Gain)/Loss: $(72,171) net gain
• Share-Based Compensation: $59,696
• Impairment of Asset Held for Sale: $311,530

Nine-month trend shows legal/permitting and exploration costs as the dominant expense drivers.

Rise Gold’s financial direction is cautiously positive: debt reduction and strong cash inflows provide a runway into 2027 while the company advances its permitting strategy. Improved loss metrics reflect disciplined spending on exploration and asset management. Key catalysts include Nevada County’s use-permit approval and the Environmental Impact Report certification—critical steps toward restart of the Idaho-Maryland mine. Challenges remain around complex California permitting, potential cost overruns on feasibility and mine construction, and the need for further capital to fund development. Successful progress on permitting and controlled cash burn may position Rise Gold for strategic partnerships or offtake agreements on completion of feasibility studies.