27 unchanged sentences
if its vested right to mine is recognized, Rise possesses all of the surface and mineral estate necessary to begin mining."
−Removed: On September 12, 2025, the Court signed a stipulation from the County and Rise providing that Rise would submit its initial brief on the case on September 15, 2025, the County will submit its opposition by November 18, 2025, Rise will reply by December 5, 2025, and oral arguments will take place on January 9, 2026.
+Added: On September 6, 2025, the Company filed its initial brief in support of the Writ.
+Added: The County replied on November 18, 2025, and oral arguments, which were initially scheduled for January 9, 2026, were held on March 9, 2026.
Other Business Development
+Added: On March 3, 2026, subsequent to quarter end, the Company entered into a strategic development partnership (the "Agreement") with Morgan Hughes Energy ("Morgan Hughes") to advance the I-M Mine Property as a U.S.-based gold and critical-minerals project.
+Added: Under the Agreement, Morgan Hughes will work alongside Rise Gold to advance development planning, support capital formation in connection with progressing the project toward operations and position the project within applicable domestic critical-minerals and industrial initiatives.
+Added: Morgan Hughes is a U.S.-based energy and minerals operating firm focused on advancing domestic and strategic mineral assets in coordination with evolving industrial policy and U.S.
+Added: industrial and supply-chain priorities.
+Added: The company integrates project development strategy, capital formation, and engagement with applicable federal industrial programs designed to strengthen U.S.
+Added: resource security.
+Added: Rise Gold has no relationship with Morgan Hughes other than under the Agreement.
+Added: Under the terms and conditions of the 18-month Agreement, Rise Gold will issue to Morgan Hughes 18 million warrants with a strike price of USD $0.40 and an expiration date of December 31, 2029.
+Added: The warrants are structured to vest and become exercisable upon the achievement of defined project advancement milestones associated with positioning the I-M Mine Property for development and operation.
+Added: Nine million warrants will vest upon formal advancement of the project within applicable critical-minerals or industrial development frameworks.
+Added: An additional 4.5 million warrants will vest upon the establishment of development support mechanisms necessary to advance the project toward construction readiness.
+Added: The remaining 4.5 million warrants will vest upon the Company securing material development participation or capital commitments in connection with advancing the project toward operations during the term of the Agreement.
+Added: If material development participation or capital commitments are secured within 36 months of signing the Agreement, Rise Gold will pay Morgan Hughes a one-time development milestone payment of USD $1.5 million in recognition of its role as a strategic development partner advancing the project toward production.
+Added: Upon achievement of a qualifying development milestone, Rise Gold will appoint a representative of Morgan Hughes to its board of directors, subject to Morgan Hughes maintaining at least a 5% ownership interest in the Company.
+Added: If the Agreement expires without achievement of the defined milestones, Rise Gold shall pay Morgan Hughes a one-time project development reimbursement of USD $250,000, or, upon mutual agreement, issue 1,800,000 warrants exercisable for twelve months.
+Added: On January 5, 2026, the Company, pursuant to an employment agreement, granted 250,000 RSUs to its CEO.
+Added: The RSUs were exercised and converted to common stock of the Company.
On November 20, 2025, the Company appointed David Watkison as President and CEO of Rise Gold Corp and President of the Company's wholly owned operating subsidiary, Rise Grass Valley Inc.
53 unchanged sentences
Plan of Operations
−Removed: As at October 31, 2025, the Company had a cash balance of $ $9,414,926, compared to a cash balance of $ $2,783,348 as at July 31, 2025.
+Added: As at January 31, 2026, the Company had a cash and cash equivalents balance of $8,028,205, compared to a cash balance of $2,783,348 as at July 31, 2025.
Our plan of operations for the next 12 months is to continue the litigation in pursuit of protecting the Company's property rights under both California state and U.S.
28 unchanged sentences
Results of Operations
−Removed: For the Periods Ended October 31, 2025 and 2024
+Added: For the Periods Ended January 31, 2026 and 2025
Three months ended
−Removed: October 31, 2025
+Added: January 31, 2026
Three months ended
−Removed: October 31, 2024
+Added: January 31, 2025
+Added: Six months ended
+Added: January 31, 2026
+Added: Six months ended
+Added: January 31, 2025
Accretion expense (Note 10)
8 unchanged sentences
Share-based compensation (Note 11)
−Removed: Interest income
+Added: Impairment of deferred financing asset (Note 10)
+Added: Loss on note receivable (Note 6)
Net loss and comprehensive loss for the period
−Removed: The main difference in operating expenses during the two periods was largely due to higher non-cash share-based compensation recorded in connection with the stock options and DSUs granted during 2025 as well as higher professional fees incurred in 2025 in connection with the I-M Mine Property litigation pursuit.
−Removed: The Company's operating results for the periods ended October 31, 2025 and 2024 are summarized as follows:
+Added: The non cash share based compensation is higher during the six-month period ended January 31, 2026 ("H1 2026") because more stock options, RSUs, and DSUs grants were issued during H1 2026 compared to the six-month period ended January 31, 2025 ("H1 2025").
+Added: With a larger budget available in H1 2026, professional fees were higher mainly because of legal fees incurred in connection with the I-M Mine Property litigation pursuit.
+Added: Consulting fees were higher in H1 2026, as they include a departure bonus paid to the previous CEO.
+Added: Having more cash available in H1 2026, the Company was able to generate more interest from cash and cash equivalents (interest income is recorded as other income).
+Added: Interest and accretion expenses were higher in H1 2025 as the Company had loans and a line of credit outstanding.
+Added: A loss on early settlement of o note receivable was recognized in H1 2025
+Added: The Company's operating results for the periods ended January 31, 2026 and 2025 are summarized as follows:
Liquidity and Capital Resources
4 unchanged sentences
Working Capital
−Removed: For the three-month
−Removed: October 31, 2025
−Removed: For the three-month
−Removed: October 31, 2024
+Added: For the six-month
+Added: January 31, 2026
+Added: For the six-month
+Added: January 31, 2025
Net Cash used in Operating Activities
Net Cash from in Investing Activities
−Removed: Net Cash provided by Financing Activities
+Added: Net Cash provided by (used in) Financing Activities
Net increase/(decrease) in Cash During the Period
−Removed: As of October 31, 2025, the Company had $9,414,926 in cash, $9,570,980 in current assets, $11,033,149 in total assets, $1,332,863 in current liabilities and $228,098 in non-current liabilities, a working capital of $8,238,117 and an accumulated deficit of $34,844,343.
−Removed: During the three-month period ended October 31, 2025, the Company used $366,922 (October 31, 2024 - $454,984) in net cash on operating activities.
−Removed: The Company had $Nil received from investing activities during the three-month period ending October 31, 2025 (October 31, 2024 - $21,000).
−Removed: The Company received net cash of $6,998,500 from financing activities related to a private placement during the three-month period ended October 31, 2025.
−Removed: $470,000 was received during the three-month period ended October 31, 2024 from financing activities related to the loan received and credit facility payment.
+Added: As of January 31, 2026, the Company had $8,028,205 in cash and cash equivalents, $8,214,818 in current assets, $9,617,736 in total assets, $735,570 in current liabilities and $NIL in non-current liabilities, a working capital of $7,479,248 and an accumulated deficit of $36,078,583.
+Added: During H1 2026, the Company used $1,684,686 (H1 2025 - $729,599) in net cash on operating activities.
+Added: The Company had $Nil received from investing activities during H1 2026, (H1 2025 - $1,589,349 was generated mainly from proceeds from land contracted for sale).
+Added: The Company received net cash of $ 6,992,641 in H1 2026 from financing activities related to a $7,000,000 private placement secured in October 2025.
+Added: Stock options exercises added $165,000 to treasury in H1 2026.
+Added: In December 2025, the Company paid $228,098 to close a line of credit facility.
+Added: During H1 2025, the Company had a net negative cash used from financing of $359,873 (a $500,000 cash intake from a loan and repayments of loans ($816,951) and line of credit facility ($42,932).
The Company expects to operate at a loss for at least the next 12 months.
8 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.