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Rise Gold ( (TSE:RISE) ) just unveiled an announcement.
Rise Gold Corp. has initiated a review of historical data suggesting significant tungsten deposits at its Idaho-Maryland Mine in California. This move comes as tungsten is recognized as a critical metal by the U.S. Department of Energy, and with recent export restrictions by China, the U.S. is keen on reshoring its defense industries. The mine, which was a major gold producer until the mid-20th century, shifted focus to tungsten in the 1950s under a U.S. Department of Defense program. However, operations ceased in 1957 due to a drop in tungsten prices and the discontinuation of the defense minerals program. The company’s renewed focus on tungsten exploration aligns with federal interests, potentially positioning Rise Gold as a key player in the domestic supply of this critical mineral.
Spark’s Take on TSE:RISE Stock
According to Spark, TipRanks’ AI Analyst, TSE:RISE is a Underperform.
Rise Gold’s overall stock score reflects severe financial challenges, including zero revenue generation and persistent losses. While technical analysis suggests short-term trading possibilities and a recent financing move could improve financial stability, the poor valuation metrics and lack of income potential make it a high-risk investment with significant concerns for potential investors.
To see Spark’s full report on TSE:RISE stock, click here.
More about Rise Gold
Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA.
Average Trading Volume: 33,468
Technical Sentiment Signal: Buy
Current Market Cap: C$36.11M
For a thorough assessment of RISE stock, go to TipRanks’ Stock Analysis page.