Riverside Resources

Investor Insight

Despite its extensive portfolio and numerous exploration successes, Riverside Resources remains significantly undervalued compared to its peers. With a market capitalization of approximately C$10 million and no debt, the company offers a compelling investment opportunity for those looking to gain exposure to the mining sector.

Overview

Riverside Resources (TSXV:RRI) is a Vancouver-based exploration and project generation company focused on precious and base metals, with a unique business model designed to minimize financial risk while maximizing exploration opportunities.

Founded in 2007, the company has established a strong portfolio of properties across North America, particularly in Canada and Mexico. With more than 17 years in the industry, Riverside Resources leverages its "Data First" strategy, which uses data analytics and historical mining information to identify and acquire high-potential mineral properties. This methodical approach is complemented by a business model that relies heavily on joint ventures and partnerships, allowing the company to explore multiple projects simultaneously with minimal shareholder dilution. Riverside Resources has successfully advanced over 80 projects using more than $85 million in partner-funded exploration, showcasing its expertise in exploration and project development.

One of Riverside's key strengths is its diversified portfolio, which spans different geographies and commodities, including gold, silver, copper and rare earth elements (REE). The company's projects are located in Ontario and British Columbia in Canada, and across Mexico, focusing on areas with known mineralization and existing infrastructure. Riverside is well-capitalized, with over $5 million in cash on hand, no debt, and a well-established royalty portfolio. This strong financial position allows the company to continue exploring new opportunities while reducing operational risks.

Riverside has a proven track record of creating value for its shareholders through spin-outs and royalty transactions, having completed seven such deals since its inception. The company continues to seek out new opportunities for joint ventures, partnerships and royalty agreements, which will help to unlock further value from its portfolio. With several key exploration programs underway in 2024, Riverside is poised for a breakout year.