Nevada Sunrise Closes Sale of Gemini Lithium Project Claims
Nevada Sunrise Closes Sale of Gemini Lithium
Project Claims
Vancouver, British Columbia--(Newsfile Corp. - September 15, 2025) -
Nevada Sunrise Metals
Corporation (TSXV: NEV) (OTC Pink: NVSGF)
(
"Nevada Sunrise" or the "Company"
) is pleased
to announce that the Company has closed a transaction (the
"Transaction"
) first reported on August
19, 2025 with Dome Rock Resources, LLC ("
Dome Rock
", or the "
Purchaser
"), a private South
Dakota company at arm's length to Nevada Sunrise, whereby Dome Rock purchased two hundred and
twenty-three (223) unpatented lode claims (the "
Claims
") from the Company, which represent the core
claims of the Gemini Lithium Project ("
Gemini
"). Gemini is located in the Lida Valley near the town of
Gold Point in Esmeralda County, Nevada. Nevada Sunrise has retained twenty-six (26) unpatented lode
claims located immediately to the west of the Claims (see Figure 1).
Figure 1.
Gemini Lithium Project Area - Dome Rock Claims Acquisition
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2799/266546_012a0e49348b5ae7_001full.jpg
Details of the Gemini Option Agreement
The purchase price for a 100% acquisition of the Claims by Dome Rock was US$800,000
(approximately CAD$1.1 million) in cash, which has been paid in full to the Company as follows:
An initial non-refundable US$100,000 deposit was received by the Company following the
execution of the option-to-purchase agreement;
A second and final payment of US$700,000 was received by the Company on September 15,
2025.
Nevada Sunrise will retain a 2.0% Net Smelter Returns royalty for metals and minerals produced
from the Project (the "
NSR
"), of which one-half (1.0%) of the NSR can be acquired by the
Purchaser for US$1.0 million.
The Transaction is subject to final acceptance from the TSX Venture Exchange.
About Nevada Sunrise
Nevada Sunrise is a junior mineral exploration company with a strong technical team based in
Vancouver, BC, Canada, that holds interests in gold, copper and lithium exploration projects located in
the State of Nevada, USA.
Nevada Sunrise holds the rights to earn 100% interests in the
Griffon Gold Mine Project
located
approximately 50 kilometers (31 miles) southwest of Ely, NV, and in the
Coronado Copper Project
,
located approximately 48 kilometers (30 miles) southeast of Winnemucca, NV.
Nevada Sunrise owns 100% interests in the
Jackson Wash
and
Badlands
lithium projects, each of
which are located in the Lida Valley in Esmeralda County, NV. The Company owns a 100% interest in
Nevada Water Right Permit 86863,
also located in the Lida Valley basin, near Lida, NV.
For Further Information Contact:
Warren Stanyer, President and Chief Executive Officer
email:
Telephone: (604) 428-8028
Website:
www.nevadasunrise.ca
FORWARD-LOOKING STATEMENTS
This release may contain forward-looking statements. Forward looking statements are statements that
are not historical facts and are generally, but not always, identified by the words "expects", "plans",
"anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that
events or conditions "will", "would", "may", "could" or "should" occur and include disclosure of
anticipated exploration activities. Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results may differ materially from those in forward
looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of
the Company's management on the date such statements were made. The Company expressly
disclaims any intention or obligation to update or revise any forward-looking statements whether as a
result of new information, future events or otherwise.
Such factors include, among others, risks related to: the closing of the purchase and sale transaction
with Dome Rock; reliance on technical information provided by third parties on any of our exploration
properties; changes in
the Company's project parameters as plans continue to be refined; current
economic conditions; future prices of commodities; possible variations in grade or recovery rates;
failure of equipment or processes to operate as anticipated; the failure of contracted parties to
perform; labor disputes and other risks of the mining industry; delays due to pandemic; delays in
obtaining governmental approvals, financing or in the completion of exploration, as well as those
factors discussed in the section entitled "Risk Factors" in the Company's Management Discussion
and Analysis for the Nine Months Ending June 30, 2025,
which is available under Company's
SEDAR profile at:
www.sedarplus.ca
Although Nevada Sunrise has attempted to identify important factors that could cause actual actions,
events or results to differ materially from those described in forward-looking information, there may be
other factors that cause actions, events or results not to be as anticipated, estimated or intended.
There can be no assurance that such information will prove to be accurate as actual results and future
events could differ materially from those anticipated in such statements. Nevada Sunrise disclaims
any intention or obligation to update or revise any forward-looking information, whether as a result of
new information, future events or otherwise. Accordingly, readers should not place undue reliance on
forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
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