UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________
FORM
CURRENT REPORT
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Item 8.01 Other Events
Rise Gold Corp. reported the County of Nevada has released the Final Environmental Impact Report (the "FEIR") for the Idaho-Maryland Mine Project (the "IMM Project"). The independently prepared FEIR's release is a major milestone toward approving the Company's Use Permit application to reopen the historic past-producing Idaho-Maryland Gold Mine.
The FEIR, prepared in accordance with the California Environmental Quality Act (CEQA), is a culmination of three years of study by the Nevada County government with the support of its consultant, Raney Planning & Management Inc., and contributions from qualified technical experts and scientists, concludes that there are no significant impacts to air quality, biological resources, water quality, groundwater, vibration, or noise from operations from the proposed re-opening of the Idaho-Maryland Mine.
The FEIR confirms three impacts from the project: 1) Temporary construction noise from the installation of a water pipeline; 2) Addition of traffic to an intersection already operating at an unacceptable level of service, and 3) Aesthetics due to noticeable changes to the existing visual character of the project sites. The County's recently released Independent Economic Study confirms the Project will have economic and community benefits which the Company believes will significantly outweigh the three impacts identified in the FEIR.
A general outline of the remaining milestones in the Use Permit process is as follows:
The timeline to complete the Use Permit Application process largely depends on the Nevada County government. The Company believes that the Use Permit process for the IMM Project could be completed over the next several months, likely during the first quarter of 2023.
Item 9.01 Financial Statements and Exhibits
| Exhibit No. |
Description |
| 99.1 | Press release dated December 16, 2022 |
| 104 | Cover Page Interactive Data File (embedded withing the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: December 16, 2022
RISE GOLD CORP.
/s/ Benjamin Mossman
Benjamin Mossman
Chief Executive Officer