Riley Gold

What Riley Gold does

Riley Gold Corp. is a publicly traded junior mining exploration and development company (TSXV: RLYG; OTCQB: RLYGF) headquartered in Vancouver, British Columbia. The company is focused on identifying and advancing gold exploration properties in Nevada, USA — specifically the Pipeline West/Clipper Gold Project (PWC), a ~27.2 sqkm claim package in the Cortez portion of the Battle Mountain-Eureka Trend in Lander County. The PWC project is operated by Kinross Gold U.S.A. under a US$20 million earn-in agreement that allows Kinross to earn up to a 75% interest through staged work expenditures, with US$1.5M and US$2.5M in milestones already completed. Riley Gold's technology approach to Carlin-type and intrusion-related gold targeting combines soil geochemistry with pathfinder element analysis, CSAMT and ground/aero-magnetic gravity surveys, structural corridor mapping, and 3D geologic modeling in Leapfrog software, supported by core drilling campaigns that have returned intercepts including 2.19 g/t Au over a 149m-thick Carlin-type interval in the lower plate Wenban formation.

The company's business model is structured around the junior-mining "asset-house + partner-funded" archetype rather than direct production. Riley Gold does not generate operating revenue; instead it monetizes through (i) non-dilutive or less-dilutive capital sources such as the US$2.6M Osisko Gold Royalties royalty financing (2.0% NSR on PWC, 0.5% NSR on Tokop) and (ii) equity raises on the TSX.V and OTCQB markets, including a C$1.5M oversubscribed private placement in April 2024 and C$1.67M from April 2026 warrant exercises. Future revenue potential resides in production royalties, milestone payments under the Kinross earn-in, and NSR royalties held by Osisko. Customer segments are best understood as two-sided: Tier-1 major mining companies acting as earn-in joint-venture partners (Kinross Gold U.S.A. is the primary counterparty), and public-market retail and institutional investors providing equity capital. The non-core Tokop Gold Project was terminated and relinquished in May 2025 to concentrate resources on PWC.

Ownership is distributed across strategic and insider holders: Kinross Gold holds ~9.9%, CEO Todd Hilditch holds ~10.13% (increasing after April 2026 warrant exercises), and aggregate management/insider ownership is stated at ~18%. The company has no parent entity and operates as an independent explorer led by a team with senior-major pedigree (Barrick, Kinross, Newmont, Lucara Diamond) and a technical advisory committee that includes former Barrick Chief Geologist-North America Paul Dobak. Riley Gold was previously known as Riley Resources Corp.

Name

Riley Gold

Legal name

Riley Gold Corp.

Website

https://rileygoldcorp.com

Company type

Public

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

Riley Gold Corp. is a Vancouver-based junior mining exploration company (TSXV: RLYG; OTCQB: RLYGF) advancing the Pipeline West/Clipper Gold Project in Nevada's Cortez District through a US$20 million earn-in partnership with Kinross Gold U.S.A., with secondary capital from royalty and equity financings.

Ownership category

akta.pro rank

Product category

Gold Mining Exploration

NAICS

Gold Ore and Silver Ore Mining (212220), Gold Ore and Silver Ore Mining (21222)

SIC

Gold And Silver Ores (1040), Mineral Royalty Traders (6795)

akta.pro primary industry

Gold Mining (IMAKAEAA)

Keywords

• Gold mining exploration
• Mineral exploration services
• Earn-in partnerships
• Precious metals development
• Nevada mining assets

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Pre-Revenue Exploration Stage: Riley Gold is a pre-revenue mining exploration company. Current revenue is derived from non-operating sources including warrant exercises and royalty investments. Future revenue potential lies in production royalties from the Kinross earn-in partnership, NSR royalties sold to Osisko, and eventual gold production if deposits are economically viable.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Riley Gold Corp. is a pre-revenue junior gold mining exploration and development company whose primary asset is the Pipeline West/Clipper Gold Project (PWC) in the Cortez District of the Battle Mountain-Eureka Trend in Lander County, Nevada. The company advances the project through an earn-in partnership with Kinross Gold U.S.A., which can earn up to a 75% interest by spending US$20 million in work expenditures. Capital is raised through public equity listings (TSX.V and OTCQB), warrant exercises, and royalty sales.

Product overview

Riley Gold Corp. is a mining exploration and development company focused on gold projects in Nevada, USA. The company's primary asset is the Pipeline West/Clipper Gold Project (PWC), a gold exploration property operated by Kinross Gold under an earn-in agreement where Kinross can earn up to a 75% interest by spending US$20 million. The company traded on TSX Venture Exchange (TSXV: RLYG) and OTCQB (RLYGF). The company previously held the Tokop Gold Project but terminated those agreements in 2025.

Differentiator

Problem solved

Functional benefit

Products and services

• Pipeline West/Clipper Gold Project (PWC)

Quantifiable outcome

• Gold soil anomaly extended to approximately 6km strike length through expanded survey coverage
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core/flagship and adjacent/neighbor.

• Kinross Gold U.S.A., Inc. (subsidiary of Kinross Gold Corporation)core/flagshipStrategic or Co-development Partner · 13 March 2024Kinross entered into an exploration and venture option agreement with Riley Gold for the Pipeline West/Clipper Gold Project. Kinross can earn an initial 60% interest by spending US$10 million in work expenditures within 5 years, with option to earn additional 15% (total 75%) by spending another US$10 million. Kinross assumed operatorship immediately and acquired 9.9% equity interest through private placement. First earn-in milestones include US$1.5 million (completed), US$2.5 million (completed), US$2.0 million, and US$4.0 million in staged work expenditures.
• Nevada Gold Mines LLC (Barrick/Newmont Joint Venture)adjacent/neighborOthersNevada Gold Mines LLC is the joint venture between Barrick Gold and Newmont Corporation operating the Cortez/Pipeline complex adjacent to Riley Gold's PWC project. The PWC project is positioned between the Cortez Complex and Swift Project JV between Ridgeline Minerals and Nevada Gold Mines, within 1km of the Gold Acres Mine. This adjacency provides strategic positioning for potential future transactions or operational synergies.

Scale indicators9 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• Kinross Gold Corporation: Tier-1 gold producer and Riley's earn-in partner/operator at PWC. Active in Nevada through Round Mountain and other assets, providing a direct comparison of strategic behavior and project economics in the same jurisdiction.
• Nevada Gold Mines LLC: Barrick/Newmont joint venture that operates the Cortez/Pipeline complex directly adjacent to Riley Gold's PWC. Sets the regional benchmark for resource scale and mine economics, and is the dominant counterparty for any future consolidation in the Cortez District.

Others

• Osisko Gold Royalties Ltd: Royalty/streaming company that purchased NSR royalties on Riley Gold's PWC and Tokop projects. Comparable as a counterparty and valuation reference for royalty-financed junior exploration economics.

Emerging players

• Contact Gold Corp. Emerging Nevada-focused gold explorer with the Pony Creek and Green Springs projects in the Carlin and Cortez trends. Similar early-stage Carlin-type targeting model with limited operating cash flow.
• Newrange Gold Corp. Junior explorer focused on Nevada and Ontario gold projects. Smaller-scale comparable pursuing high-grade gold discoveries in tier-one North American jurisdictions.

Direct peers

• Augusta Gold Corp. Nevada-focused gold developer advancing the Reward and Bullfrog projects near Beatty, Nevada. Comparable junior gold model targeting open-pit and underground oxide/sulfide gold resources in the Walker Lane and Battle Mountain-Eureka trends.
• Ridgeline Minerals Corp. Nevada-focused gold explorer with the Swift Project JV directly adjacent to Riley Gold's PWC in the Cortez District. Comparable early-stage Carlin-type and intrusion-related gold targets in the same Battle Mountain-Eureka Trend, raising capital through earn-ins and equity placements.
• i-80 Gold Corp. Nevada-focused gold explorer/developer pursuing high-grade Carlin-type and oxide gold deposits in the state. Similar business model of advancing properties in tier-one Nevada districts and attracting major-miner interest.
• Paramount Gold Nevada Corp. Junior gold company advancing the Sleeper and Grassy Mountain projects in Nevada. Comparable TSX/NYSE-listed junior gold model focused on heap-leach and refractory gold resources in the Western U.S.
• Integra Resources Corp. Gold-focused junior advancing the DeLamar project in Idaho and Wildcat project in Nevada. Similar exploration-stage profile, TSX.V-listed, with tier-one U.S. gold assets and major-miner strategic backing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/rileygoldcorp
• YouTubeyoutube.com/channel/UCd6jBtgEQTtaibQL4CLw-_A
• Facebookfacebook.com/rileygoldcorp
• LinkedInlinkedin.com/company/riley-gold-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Riley Gold