- Business
- Riverside Resources Inc. (TSXV:RRI, OTCQB:RVSDF) operates as a prospect generator focused on the acquisition, exploration and evaluation of precious and base metal projects across Canada and Mexico. The company advances a diversified portfolio of early-stage properties targeting gold, silver, copper and rare earth elements through its technical expertise and strategic partnerships that fund advanced exploration while retaining royalties. Riverside maintains a debt-free balance sheet with over C$4 million in cash and fewer than 75 million shares outstanding.
Core projects include the Cecilia gold-silver project in Sonora, Mexico, under a fully funded joint venture with Fortuna Mining involving 2,250 metres of drilling targeting breccias and vein systems; the Union project in Mexico optioned to Questcorp Mining with $5.5 million in committed expenditures and a retained 2.5% NSR royalty; the Ariel copper-gold project in Mexico with porphyry potential across 16 square kilometres; the Tajitos gold project in Mexico subject to an NSR royalty held by partner Fresnillo PLC; the La Silla and Los Cuarentas gold-silver projects in Sonora, Mexico; the Revel rare earth elements project in British Columbia, Canada, featuring a multi-kilometre carbonatite system; the Taft rare earth and gold project in the Perry River Carbonatite Belt, British Columbia; the Deer Park and Sunrise gold projects near the Rossland Gold Camp, British Columbia; and Ontario gold assets encompassing the Oakes, Pichette and Duc projects in the Geraldton-Beardmore Greenstone Belt.
Riverside Resources Inc. was incorporated in 2006 and headquartered at 550-800 West Pender Street, Vancouver, British Columbia, Canada. The company leverages extensive geological databases and experienced management to generate and de-risk projects for joint ventures, options or spin-outs that minimize shareholder dilution and enhance discovery potential.
Recent developments include the completion of a spin-out distributing Blue Jay Gold Corp. shares to shareholders in May 2025 following the transfer of Ontario gold projects into a subsidiary; conditional TSX-V approval in February 2025 for a proposed spin-out of remaining Ontario gold assets into Blue Jay Gold (Resources) to unlock value and provide secondary liquidity; progression of Phase 2 exploration at Cecilia with Fortuna Mining after positive 2024 drilling results targeting high-grade zones; expansion of rare earth elements programs at Revel and Taft with planned mapping, sampling and geophysics to support drilling; consolidation of the Union project district and identification of high-grade gold-zinc zones; and active pursuit of additional joint ventures for Ariel and U.S. alliances alongside royalty advancement on Tajitos amid favorable commodity markets.