What changed in this filing

/stocks — the workspaceLOADING

Item 2. Properties

2025-10-29 compared with 2024-10-29 · 39 added, 33 removed, 509 unchanged (12% of the section changed)

70 unchanged sentences

Abbreviations

Imperial Metric

AC acres m meter

SF square foot km kilometer

lb pound ha hectare

oz ounce g grams

mi mile kg kilogram

ft foot gpt grams per tonne

Imperial to Metric Metric to Imperial

Imperial Measure Metric Unit Metric Measure Imperial Unit

2.47 acres 1 hectare 0.4047 hectare 1 acre

3.28 feet 1 metre 0.3048 metre 1 foot

0.62 mile 1 kilometre 1.609 kilometres 1 mile

0.03215 troy ounce 1 gram 31.1035 grams 1 troy ounce

0.02917 troy ounce per ton 1 gpt 34.2857 gpt 1 troy ounce per ton

1.102 short ton 1 tonne 0.907 tonne 1 short ton

2.2046 pounds 1 kilogram 0.4536 kilogram 1 pound

grams per tonne

Imperial to Metric

Metric to Imperial

Imperial Measure

Metric Measure

Imperial Unit

0.4047 hectare

1.609 kilometres

0.03215 troy ounce

31.1035 grams

0.02917 troy ounce per ton

1 troy ounce per ton

1.102 short ton

2.2046 pounds

0.4536 kilogram

I-M Mine Property, California

2 unchanged sentences

Property Location

The I-M Mine Property comprises approximately 175 acres (71 hectares) surface land and 2,560 acres (1,036 hectares) of mineral rights located near Grass Valley in the County in northern California, USA.

The I-M Mine Property comprises approximately 175 acres (71 hectares) (109 acres owned by the Company and 66 acres that can be repurchased by the Company) surface land and 2,560 acres (1,036 hectares) of mineral rights located near Grass Valley in the County in northern California, USA.

The I-M Mine Property is situated in the Grass Valley-Nevada City Mining District along the western slope of the Sierra Nevada, as shown on the overview map and regional map in Figure 1 and Figure 2, respectively and is located approximately 60 miles northeast of Sacramento, CA and 90 miles west of Reno, NV.

19 unchanged sentences

LOT 7 BET ACRES

SEC 36, TWN 16N, RNG 8E, MDM & SEC 31, TWN 16N, RNG 9E

SEC 36, TWN 16N, RNG 8E, MDM & SEC 31, TWN 16N, RNG 9E (not currently owned by Rise, it can be repurchased should approvals to perform mining activities are obtained)

SEC 36, TWN 16N, RNG 8E, MDM & SEC 31, TWN 16N, RNG 9E

4 unchanged sentences

The surface land is subject to a tax lien imposed by and payable to the County.

The parcels comprising the surface land are currently assessed by the County at a total of approximately US$4.2 million and have a combined annual property tax of US$48,426 for the 2025 tax year.

The parcels comprising the surface land are currently assessed by the County at a total of approximately US$5.9 million (US$2.8 million for the 109 acres owned by the Company and US$3.1 million for the 66 acres that can be repurchased) and have a combined annual property tax of US$64,089 (US $30,397 for the 109 acres owned by the Company and US$33,692 for the 66 acres that can be repurchased) for the 2026 tax year.

The total amount includes County taxes and Agency taxes.

The I-M Mine Property remains in good standing with property taxes for the 2025 tax year paid in full.

Property taxes for the 2025 tax year of $24,213 is due on November 1, 2024, and $24,213 is due on February 1, 2025.

Property taxes for the 2026 tax year are payable on two equal instalments due on November 1, 2025 and February 1, 2026.

The Nevada Irrigation District supplies treated water to the I-M Mine Property.

2 unchanged sentences

A nominal service fee is charged.

The secured loans from Eridanus and Myrmikan are registered against the property by a Deed of Trust filed with the Nevada County Recorder.

There are no further interests registered against the title of the surface rights.

During the fiscal year ended July 31, 2025, the loans from Eridanus and Myrmikan were registered against the property by a Deed of Trust filed with the Nevada County Recorder.

In May 2025, the loans were fully repaid and there are no further interests registered against the title of the surface rights.

Land Designation

8 unchanged sentences

Exploration diamond drilling on M1-Industrial Land is an allowed use and does not require a discretionary permit provided that no water is discharged offsite and disturbance per site is less than 1 acre and 1,000 yd 3 material (NCC, 2017).

The Idaho-Maryland Mine Project area is private land and no permits or consultations with the US Bureau of Land Management (BLM) or the US Forest Service (USFS) are required.

The Idaho-Maryland Mine Project area is private land and no permits or consultations with the U.S.

Bureau of Land Management (BLM) or the U.S.

Forest Service (USFS) are required.

Mineral Rights

16 unchanged sentences

Mineral rights are severed from surface rights at a depth of 200 ft (61 m) below surface, with all mineral rights being contiguous below 200 ft (61 m) of surface.

The secured loans from Eridanus and Myrmikan are registered against the property by a Deed of Trust filed with the County Recorder.

There are no other interests registered against or obligations required of the mineral rights of the I-M Mine Property.

During the fiscal year ended July 31, 2025, the loans from Eridanus and Myrmikan were registered against the property by a Deed of Trust filed with the Nevada County Recorder.

In May 2025, the loans were fully repaid and there are no other known interests registered against or obligations required of the mineral rights of the I-M Mine Property.

Idaho-Maryland Mine Property, Surface and Mineral Rights

5 unchanged sentences

The Idaho land can be accessed by Idaho Maryland Road or Centennial Drive.

Rise owns a 100% interest in the I-M Mine Property and there are no known royalties on future gold production.

The secured loans from Eridanus and Myrmikan are registered against the property by a Deed of Trust filed with the County Recorder.

Rise owns a 100% interest in the mineral rights at the I-M Mine Property and there are no known royalties on future gold production.

The surface land at the I-M Mine Property comprises approximately 175 acres (71 hectares) (109 acres owned by the Company and 66 acres that can be repurchased by the Company).

There are no other known agreements or encumbrances to which the I-M Mine Property is subject.

79 unchanged sentences

Based on historic production records, the I-M Mine Property produced a total of 2.4 Moz of gold at an average mill head grade of approximately 0.5 oz/ton (17.1 gpt).

The I-M Mine Property was reportedly the second largest gold mine in the United States in 1941 (Clark, 2005), producing up to 129,000 oz gold per year before being forced to shut down by the US government in 1942 (Shore, 1943).

The I-M Mine Property was reportedly the second largest gold mine in the United States in 1941 (Clark, 2005), producing up to 129,000 oz gold per year before being forced to shut down by the U.S.

government in 1942 (Shore, 1943).

Due to lack of development, a decline in gold production was experienced and recovery from war-time shutdown never occurred.

33 unchanged sentences

Metallurgical

Gold Produced

3 Vein system

15 unchanged sentences

Detailed production information from the internal records of the I-M Mine property is available for the period from 1926 through 1955.

Whenever possible, mill reports were reconciled against financial statements and submissions by Rise to the US Bureau of Mines.

Whenever possible, mill reports were reconciled against financial statements and submissions by Rise to the U.S.

Bureau of Mines.

Where reconciliation between documents was possible, only minor variations in production reporting were noted.

12 unchanged sentences

Idaho Maryland Mines Corp.

Lode Mine Production Report to US Bureau of Mines (1944-1945, 1947-1948, 1950, 1952, 1953, 1955)

Lode Mine Production Report to U.S.

Bureau of Mines (1944-1945, 1947-1948, 1950, 1952, 1953, 1955)

For the period prior to 1926 there are no internal corporate records regarding historic production.

115 unchanged sentences

No Significant Intercepts

Drill Intercept Highlights Released to July 30th 2019

Rise has prepared a drill hole database derived from information contained in the collection of historic documents and records acquired through the purchase of the I-M Mine Property.

84 unchanged sentences

Prepared for Nevada Local Agency Formation Commission (LAFCo).

US Geological Survey Grass Valley Special Map.

Geological Survey Grass Valley Special Map.

Lindgren, Waldemar.

15 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 2. Properties