Fri, Jun 14, 8:07 PM (129 days ago)
Rise Gold Corp. reported a net loss of $2.87 million for the nine months ended April 30, 2024, a slight improvement from a loss of $3.50 million in the same period in 2023. The company’s current assets decreased to $1.24 million from $980,843 as of July 31, 2023, with cash reserves at $630,290. Current liabilities surged to $2.43 million from $508,571, resulting in a working capital deficit of $1.19 million. The company's total assets were $5.50 million, down from $5.66 million. Operating expenses saw significant reductions in consulting and share-based compensation costs. Financing activities raised $1.70 million, mainly through private placements. The company's future operations depend heavily on securing additional financing and favorable legal outcomes regarding its mining rights.