What changed in this filing

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Item 1. Financial Statements

2026-06-15 compared with 2026-03-17 · 140 added, 105 removed, 521 unchanged (32% of the section changed)

6 unchanged sentences

CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

PERIOD ENDED JANUARY 31, 2026

PERIOD ENDED APRIL 30, 2026

INDEX TO CONSOLIDATED FINANCIAL STATEMENTS:

8 unchanged sentences

(Expressed in United States Dollars)

January 31, 2026

April 30, 2026

July 31, 2025

15 unchanged sentences

Capital stock, $ 0.001 par value, 400,000,000 shares authorized;

123,270,467 shares issued and outstanding at January 31, 2026 (Note 11)

127,543,837 shares issued and outstanding at April 30, 2026 (Note 11)

Additional paid-in capital (Note 11)

11 unchanged sentences

Three months ended

January 31, 2026

April 30, 2026

Three months ended

January 31, 2025

Six months ended

January 31, 2026

Six months ended

January 31, 2025

April 30, 2025

Nine months ended

April 30, 2026

Nine months ended

April 30, 2025

Accretion expense (Note 10)

9 unchanged sentences

Impairment of deferred financing asset (Note 10)

Impairment of assets held for sale (Note 6)

Loss on note receivable (Note 5)

7 unchanged sentences

(Expressed in United States Dollars)

Six months ended

January 31, 2026

Six months ended

January 31, 2025

Nine months ended

April 30, 2026

Nine months ended

April 30, 2025

CASH FLOWS FROM OPERATING ACTIVITIES

1 unchanged sentence

Items not involving cash

Impairment of assets held for sale

Interest expense

1 unchanged sentence

Accretion expense

Foreign exchange loss

Interest income note receivable amortization

13 unchanged sentences

Proceeds from stock options exercise

Proceeds from warrants exercise

Proceeds from loan

Shares subscribed in advance

Line of credit repayment

Loan repayment

Net cash provided (used) by financing activities

Net cash provided by financing activities

Change in cash and cash equivalents for the period

9 unchanged sentences

Additional Paid-in

Shared subscribed in

Balance as at July 31, 2024

3 unchanged sentences

Balance as at October 31, 2024

Loss for the period

Share-based compensation

Loss for the period

Balance as at January 31, 2025

Shares subscribed in advance

Share-based compensation

Loss for the period

Balance as at April 30, 2025

Balance as at July 31, 2025

10 unchanged sentences

Balance as at January 31, 2026

Share issuance costs

Shares issued from stock options exercise

Shares issued from RSU exercise

Shares issued from warrant exercise

Share-based compensation

Loss for the period

Balance as at April 30, 2026

The accompanying notes are an integral part of these condensed consolidated interim financial statements.

2 unchanged sentences

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX-MONTH PERIOD ENDED JANUARY 31, 2026

FOR THE NINE-MONTH PERIOD ENDED APRIL 30, 2026

(Expressed in United States Dollars)

12 unchanged sentences

The accompanying condensed interim consolidated financial statements have been prepared on the going concern basis, which presumes that the Company will continue operations for the foreseeable future and will be able to realize its assets and discharge its liabilities in the normal course of business.

The Company incurred a loss of $ 2,583,608 for the six months period ended January 31, 2026 and has accumulated a deficit of $ 36,078,583 .

The Company incurred a loss of $ 3,198,410 for the nine months period ended April 30, 2026, and has accumulated a deficit of $ 36,693,385 .

The ability of the Company to continue as a going concern is dependent on the Company's ability to maintain continued support from its shareholders and creditors and to raise additional capital and implement its business plan.

There is no assurance that the Company will be able to obtain adequate financing in the future or that such financing will be on terms advantageous to the Company.

Based on working capital at January 31, 2026 management estimates that it does have sufficient funds to continue operations for the ensuing 12 months from the date of these financial statements.

On January 31, 2026, the Company had working capital surplus of $ 7,479,248 (July 31, 2025 - working capital surplus of $ 1,930,258 ).

Based on working capital at April 30, 2026, management estimates that it does have sufficient funds to continue operations for the ensuing 12 months from the date of these financial statements.

On April 30, 2026, the Company had working capital surplus of $ 7,406,191 (July 31, 2025 - working capital surplus of $ 1,930,258 ).

BASIS OF PREPARATION

5 unchanged sentences

These financial statements follow the same accounting policies in the annual financial statements.

The operating results for the six months ended January 31, 2026, are not necessarily indicative of the results that may be expected for the year ending July 31, 2026.

The operating results for the nine months ended April 30, 2026, are not necessarily indicative of the results that may be expected for the year ending July 31, 2026.

RISE GOLD CORP.

1 unchanged sentence

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX-MONTH PERIOD ENDED JANUARY 31, 2026

FOR THE NINE-MONTH PERIOD ENDED APRIL 30, 2026

(Expressed in United States Dollars)

13 unchanged sentences

CASH AND CASH EQUIVALENTS

As at January 31, 2026, the balance of cash and cash equivalents is $ 8,028,205 (July 31, 2025:

As at April 30, 2026, the balance of cash and cash equivalents is $ 7,962,924 (July 31, 2025:

$ 2,783,348 ) of which $ 6,553,757 (July 31, 2025:

1 unchanged sentence

PREPAID EXPENSES

January 31, 2026

April 30, 2026

July 31, 2025

3 unchanged sentences

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX-MONTH PERIOD ENDED JANUARY 31, 2026

FOR THE NINE-MONTH PERIOD ENDED APRIL 30, 2026

(Expressed in United States Dollars)

3 unchanged sentences

July 31, 2025

January 31, 2026

April 30, 2026

Title to mineral properties

1 unchanged sentence

Additionally, the potential for problems arising from the frequently ambiguous conveying history characteristic of many mineral properties also exist.

As at January 31, 2026 the Company holds title to the Idaho-Maryland Gold Mine Property.

As of January 31, 2026, the management does not consider that there are events or changes in circumstances to indicate that the carrying amount of the asset group may not be recoverable.

As at April 30, 2026, the Company holds title to the Idaho-Maryland Gold Mine Property.

As of April 30, 2026, the management does not consider that there are events or changes in circumstances to indicate that the carrying amount of the asset group may not be recoverable.

As of the date of these consolidated financial statements, the Company has not established any proven or probable reserves on its mineral properties and has incurred only acquisition and exploration costs.

14 unchanged sentences

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX-MONTH PERIOD ENDED JANUARY 31, 2026

FOR THE NINE-MONTH PERIOD ENDED APRIL 30, 2026

(Expressed in United States Dollars)

8 unchanged sentences

On May 14, 2018, the Company completed the purchase of the surface rights by making the final payment of $ 1,300,000 .

As at January 31, 2026, the Company has incurred cumulative expenditures of $ 9,734,959 on the Idaho-Maryland Gold Mine property as follows:

Six months ended

January 31, 2026

As at April 30, 2026, the Company has incurred cumulative expenditures of $ 9,921,166 on the Idaho-Maryland Gold Mine property as follows:

Nine months ended

April 30, 2026

July 31, 2025

1 unchanged sentence

Opening balance

Geological sampling

Drilling contractors and fees

Supplies and office

4 unchanged sentences

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX-MONTH PERIOD ENDED JANUARY 31, 2026

FOR THE NINE-MONTH PERIOD ENDED APRIL 30, 2026

(Expressed in United States Dollars)

14 unchanged sentences

Rise and the purchaser have also executed an option agreement whereby the Company may repurchase the 66 acres of land being sold for the sale price plus the cost of any capital improvements plus an increase of five percent per year on the condition that Rise acquires final government approvals to perform mining operations at the I-M Mine Property.

At January 31, 2026, the following is the continuity of the $ 1,250,000 note receivable:

At April 30, 2026, the following is the continuity of the $ 1,250,000 note receivable:

Discounted fair value on May 27, 2025

1 unchanged sentence

Balance at July 31, 2025

Interest income earned to January 31, 2026

Balance at January 31, 2026

Interest income earned to April 30, 2026

Balance at April 30, 2026

The estimated market interest rate used to discount the note receivable secured by the surface rights was 8 %.

2 unchanged sentences

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX-MONTH PERIOD ENDED JANUARY 31, 2026

FOR THE NINE-MONTH PERIOD ENDED APRIL 30, 2026

(Expressed in United States Dollars)

10 unchanged sentences

Assets held for sale

Total carrying value, July 31, 2025 and January 31, 2026

Total carrying value, July 31, 2025 and April 30, 2026

Assets Held for Sale

4 unchanged sentences

Subsequent payments of $ 50,000 payable for each of the two drilling rigs sold may be received when each rig drills its first hole to a depth of 200m, no later than four months following delivery.

In connection with the sale agreement, a loss of $ 411,530 on the sale of assets was recognized during the year ended July 31, 2025.

In connection with the sale agreement, a loss of $ 411,530 on the sale of assets was recognized during the year ended July 31, 2025 ($ 311,530 as of April 30, 2025).

The sale was completed when delivery occurred in October 2025, and the $ 100,000 deposit liability was derecognized.

2 unchanged sentences

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX-MONTH PERIOD ENDED JANUARY 31, 2026

FOR THE NINE-MONTH PERIOD ENDED APRIL 30, 2026

(Expressed in United States Dollars)

8 unchanged sentences

The citizen suit proceeds, however, against Rise Grass Valley Inc, the subsidiary of the Company.

On February 25, 2026 CEA filed a motion for summary judgement in their Clean Water Act litigation against Rise Grass Valley Inc.

On May 18, 2026, the District Court for the Eastern District of California entered an Order granting Summary Judgment as to liability against Rise Grass Valley, Inc.

Trial on remaining issues in the lawsuit is scheduled for July 12, 2027.

Litigation is ongoing.

4 unchanged sentences

The remuneration of the key management personnel is as follows:

a) During the six-month period ended January 31, 2026, salaries of $ 31,500 (January 31, 2025 - $ Nil ) to the current CEO of the Company

b) During the six-month period ended January 31, 2026, consulting fees of $ 205,700 (January 31, 2025 - $ 66,000 ) to the former CEO of the Company.

c) During the six-month period ended January 31, 2026, director fees of $ 48,167 (January 31, 2025 - $ 50,000 ) to directors of the Company.

d) During the six-month period ended January 31, 2026, consulting fees of $ 40,085 (January 31, 2025 - $ 12,522 ) to a company controlled by the CFO of the Company.

e) During the six-month period ended January 31, 2026, the Company paid $ Nil (January 31, 2025 - $ 64,229 ) in professional and consulting fees to a company controlled by a former director of the Company.

f) Share-based compensation of $ 911,995 (January 31, 2025 - $ 198,719 ) for options, restricted share units.

and deferred share units ("DSUs") granted during the period ended.

g) As at January 31, 2026, and July 31, 2025, $ 20,000 and $ 187,801 were owed to related parties, respectively.

h) During the six-month period ended January 31, 2026, certain directors and officers purchased in a private placement of the Company an aggregate of 1,080,000 shares of the Company at a price of $ 0.25 per share for total gross proceeds of $ 270,000 ($ Nil - January 31, 2025).

a) During the nine-month period ended April 30, 2026, salaries of $ 72,000 (April 30, 2025 - $ Nil ) to the current CEO of the Company

b) During the nine-month period ended April 30, 2026, consulting fees of $ 205,700 (April 30, 2025 - $ 99,000 ) to the former CEO of the Company.

c) During the nine-month period ended April 30, 2026, director fees of $ 78,667 (April 30, 2025 - $ 70,000 ) to directors of the Company.

d) During the nine-month period ended April 30, 2026, consulting fees of $ 51,504 (April 30, 2025 - $ 29,870 ) to a company controlled by the CFO of the Company.

e) During the nine-month period ended April 30, 2026, the Company paid $ Nil (April 30, 2025 - $ 64,206 ) in professional and consulting fees to a company controlled by a former director of the Company.

f) Share-based compensation of $ 938,245 (April 30, 2025 - $ 258,415 ) for options, restricted share units.

and deferred share units ("DSUs") granted during the nine-month period ended April 30, 2026.

g) As at April 30, 2026, and July 31, 2025, $ 40,000 and $ 187,801 were owed to related parties, respectively.

h) During the nine-month period ended April 30, 2026, certain directors and officers purchased in a private placement of the Company an aggregate of 1,080,000 shares of the Company at a price of $ 0.25 per share for total gross proceeds of $ 270,000 ($ Nil - April 30, 2025).

RISE GOLD CORP.

1 unchanged sentence

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX-MONTH PERIOD ENDED JANUARY 31, 2026

FOR THE NINE-MONTH PERIOD ENDED APRIL 30, 2026

(Expressed in United States Dollars)

9 unchanged sentences

Loss on settlment of loan

Balance, July 31, 2025 and January 31, 2026

Balance, July 31, 2025 and April 30, 2026

On September 3, 2019, the Company completed a debt financing with Eridanus Capital LLC ("Eridanus") for $ 1,000,000 .

21 unchanged sentences

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX-MONTH PERIOD ENDED JANUARY 31, 2026

FOR THE NINE-MONTH PERIOD ENDED APRIL 30, 2026

(Expressed in United States Dollars)

23 unchanged sentences

Loss on settlement of loan

Balance, July 31, 2025 and January 31, 2026

Balance, July 31, 2025 and April 30, 2026

RISE GOLD CORP.

1 unchanged sentence

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX-MONTH PERIOD ENDED JANUARY 31, 2026

FOR THE NINE-MONTH PERIOD ENDED APRIL 30, 2026

(Expressed in United States Dollars)

22 unchanged sentences

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX-MONTH PERIOD ENDED JANUARY 31, 2026

FOR THE NINE-MONTH PERIOD ENDED APRIL 30, 2026

(Expressed in United States Dollars)

13 unchanged sentences

Repayment upon cancellation of credit facility

Balance, January 31, 2026

Balance, April 30, 2026

Deferred Financing Asset

4 unchanged sentences

Impairment of deferred financing asset

Balance, January 31, 2026

Balance, April 30, 2026

The following weighted average assumptions were used for the Black-Scholes pricing model valuation of warrants:

9 unchanged sentences

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX-MONTH PERIOD ENDED JANUARY 31, 2026

FOR THE NINE-MONTH PERIOD ENDED APRIL 30, 2026

(Expressed in United States Dollars)

14 unchanged sentences

On January 5, 2026, 250,000 restricted share units vested and were converted to common stock.

On February 23, 2026, 3,901,870 stock options with exercise prices ranging from $ 0.10 to $ 0.25 were exercised and converted to common stock.

On April 20, 2026, 62,500 restricted share units vested and were converted to common stock.

Warrant exercises

During the nine-month period ended April 30, 2026, 309,000 warrants with an exercise price pf $ 0.158 were exercised and converted to common stock.

Stock Options

5 unchanged sentences

The Company recognized a share-based compensation expense of $ 277,411 in connection with this grant.

RISE GOLD CORP.

(An Exploration Stage Company)

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE-MONTH PERIOD ENDED APRIL 30, 2026

(Expressed in United States Dollars)

CAPITAL STOCK AND ADDITIONAL PAID-IN-CAPITAL (continued)

Stock Options (continued)

On May 22, 2025, the Company granted a total of 3,320,000 stock options to directors, officers, and consultants of the Company.

5 unchanged sentences

The Company recognized a share-based compensation expense of $ 81,455 in connection with this grant.

RISE GOLD CORP.

(An Exploration Stage Company)

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX-MONTH PERIOD ENDED JANUARY 31, 2026

(Expressed in United States Dollars)

CAPITAL STOCK AND ADDITIONAL PAID-IN-CAPITAL (continued)

Stock Options (continued)

On October 21, 2024, the Company granted a total of 1,006,750 stock options with a fair value of $ 106,859 to a consultant of the Company.

4 unchanged sentences

The Company recorded share-based compensation of $ 116,240 in connection with this grant.

The following incentive stock options were outstanding as at January 31, 2026:

The following incentive stock options were outstanding as at April 30, 2026:

February 7, 2027

2 unchanged sentences

December 12, 2028

September 20, 2029

October 21, 2029

2 unchanged sentences

November 20, 2030

As at January 31, 2026, the aggregate intrinsic value of the Company's stock options is $ 1,446,029 (July 31, 2025 - $ 443,246 ).

As at January 31, 2026, the Company has 11,195,840 options issued, outstanding, and exercisable with a weighted average exercise price of $ 0.18 .

As at April 30, 2026, the aggregate intrinsic value of the Company's stock options is $ 1,182,343 (July 31, 2025 - $ 443,246 ).

As at April 30, 2026, the Company has 7,293,970 options issued, outstanding, and exercisable with a weighted average exercise price of $ 0.20 .

RISE GOLD CORP.

1 unchanged sentence

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX-MONTH PERIOD ENDED JANUARY 31, 2026

FOR THE NINE-MONTH PERIOD ENDED APRIL 30, 2026

(Expressed in United States Dollars)

11 unchanged sentences

Options exercised

Balance outstanding and exercisable, January 31, 2026

The following weighted average assumptions were used for the Black-Scholes pricing model valuation of stock options issued during the period ended October 31, 2025 and year ended July 31, 2025:

Balance outstanding and exercisable, April 30, 2026

The following weighted average assumptions were used for the Black-Scholes pricing model valuation of stock options issued during the nine-month period ended April 30, 2026 and year ended July 31, 2025:

Risk-free interest rate

2 unchanged sentences

Forfeiture rate

October 21, 2024

September 30, 2024

6 unchanged sentences

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX-MONTH PERIOD ENDED JANUARY 31, 2026

FOR THE NINE-MONTH PERIOD ENDED APRIL 30, 2026

(Expressed in United States Dollars)

5 unchanged sentences

On November 20, 2025, 1,000,000 DSUs were converted to shares upon termination of service of the previous CEO.

365,854 DSUs are outstanding at January 31, 2026.

365,854 DSUs are outstanding at April 30, 2026.

Referred Share Units ("RSUs)

2 unchanged sentences

Based on the Company’s January 5, 2026, share price of $ 0.28 , a stock-based compensation of $ 70,000 was recognized.

No RSUs are outstanding at January 31, 2026.

On April 1, 2026, 62,500 RSUs were granted to the CEO of the Company.

The RSUs were fully vested and converted to shares on April 20, 2026.

A stock-based compensation of $ 26,250 (based on a $ 0.42 share price on grant date) was recognized in connection with the April 2026 RSU grant.

No RSUs are outstanding at April 30, 2026.

Pursuant to an employment agreement between the Company and its CEO, the Company is committed to grant 375,000 RSUs between July 1, 2026 and October 1, 2027.

Share-Based Payments

1 unchanged sentence

The maximum aggregate number of Awards, at any point, shall not exceed 10 % of the total number of issued and outstanding shares of the Company on a non-diluted basis at such point in time.

The following warrants were outstanding at January 31, 2026:

April 9, 2026

April 29, 2026

The following warrants were outstanding at April 30, 2026:

April 9, 2027

4 unchanged sentences

October 24, 2028

December 31, 2029

RISE GOLD CORP.

1 unchanged sentence

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX-MONTH PERIOD ENDED JANUARY 31, 2026

FOR THE NINE-MONTH PERIOD ENDED APRIL 30, 2026

(Expressed in United States Dollars)

10 unchanged sentences

Warrants granted

Warrants exercised

Warrants expired

Balance outstanding, January 31, 2026

Balance outstanding, April 30, 2026

Warrants exercisable

On March 3, 2026, 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.

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.

Under the terms of the Agreement the Company issued to Morgan Hughes 18,000,000 warrants with an exercise price of $ 0.40 and an expiration date of December 31, 2029.

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.

9,000,000 warrants will vest upon designation by a US federal agency as a critical-minerals or national-security project.

An additional 4,500,000 warrants will vest upon the issuance of a development funding letter.

The remaining 4,500,000 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.

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 $ 1,500,000 in recognition of its role as a strategic development partner advancing the project toward production.

If the Agreement expires without achievement of the defined milestones, Rise Gold shall pay Morgan Hughes a one-time project development reimbursement of $ 250,000 , or, upon mutual agreement, issue 1,800,000 warrants exercisable for twelve months.

As of April 30, 2026, the Company has not recognized compensation expense related to the warrants as the vesting is not yet considered probable.

RISE GOLD CORP.

(An Exploration Stage Company)

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE-MONTH PERIOD ENDED APRIL 30, 2026

(Expressed in United States Dollars)

SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS

During the six-month periods ended January 31, 2026 and 2025, the Company had the following non-cash financing and investing activities:

For the period ended January 31, 2026:

During the nine-month periods ended April 30, 2026, and 2025, the Company had the following non-cash financing and investing activities:

For the period ended April 30, 2026:

a) The Company accrued $ 3,915 of interest expense as part of the outstanding balance of the credit facility.

b) Share issuance costs of $ 4,930 are included in accounts payable at January 31, 2026.

c) Note receivable of $ 1,205,419 at January 31, 2026, is for mineral property recovery.

b) Share issuance costs of $ 12,793 are included in accounts payable at April 30, 2026.

c) Note receivable of $ 1,213,778 at April 30, 2026, is for mineral property recovery.

d) Sale of equipment for $ 100,000 which offsets the deposit liability.

e) The Company allocated $ 8,018 from deferred financing asset.

For the period ended January 31, 2025:

e) The Company allocated $ 8,018 to deferred financing asset.

For the period ended April 30, 2025:

a) The Company accrued $ 220,708 of interest expense as part of the outstanding balance of loan payable and credit facility.

1 unchanged sentence

c) The Company issued 2,882,514 share purchase warrants for a secured loan agreement entitling the holder to acquire one share at an exercise price of $ 0.1735 until October 10, 2028 with a total fair value of $ 334,423 .

RISE GOLD CORP.

(An Exploration Stage Company)

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX-MONTH PERIOD ENDED JANUARY 31, 2026

(Expressed in United States Dollars)

d) The Company allocated $ 28,061 to deferred financing asset.

SEGMENTED INFORMATION

4 unchanged sentences

The Company has determined that it operates its business in one geographical segment located in California, United States, where all of its equipment and mineral property interests are located.

RISE GOLD CORP.

(An Exploration Stage Company)

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE-MONTH PERIOD ENDED APRIL 30, 2026

(Expressed in United States Dollars)

SUBSEQUENT EVENT

Subsequent to the period ending January 31, 2026, 3,901,870 stock options were exercised at an average exercise price of $ 0.13 per option and converted into shares of the Company for proceeds of $ 498,614 .

Subsequent to the period ending January 31, 2026, 300,000 warrants were exercised at $ 0.158 per warrant and converted into shares of the Company for proceeds of $ 47,400 .

Under the terms and conditions of the 18-month Agreement, Rise Gold will issue to Morgan Hughes 18,000,000 warrants with a strike price of $ 0.40 and an expiration date of December 31, 2029 .

9,000,000 warrants will vest upon formal advancement of the project within applicable critical-minerals or industrial development frameworks.

An additional 4,500,000 warrants will vest upon the establishment of development support mechanisms necessary to advance the project toward construction readiness.

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.

On May 7, 2026, Superior Court of California for the County of Nevada (the “Court”) denied the Company’s Writ of Mandamus asking the Court to compel the Board of Supervisors of Nevada County (the “Board”) to grant Rise recognition of its vested right to operate the I-M Mine.

On May 18, 2026, the District Court for the Eastern District of California entered an Order granting Summary Judgment as to liability against Rise Grass Valley, Inc.

Trial on remaining issues in the lawsuit is scheduled for July 12, 2027.

Litigation is ongoing.

Rise Grass Valley Inc denies all allegations made in the citizen suit.

Management has determined that no estimate of a loss event can be determined at this time in connection with the order.

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-Q

Item 1. Financial Statements