Nevada Sunrise Closes First Tranche of Private Placement
Nevada Sunrise Closes First Tranche of
Private Placement
Vancouver, British Columbia--(Newsfile Corp. - July 7, 2026) - Nevada Sunrise Metals
Corporation
(TSXV: NEV) (OTC Pink: NVSGF)
("
Nevada Sunrise
" or the "
Company
") announced
today that it has closed the first tranche of its non-brokered private placement as announced on June 8,
2026 in the amount of 34,536,282 units (the "Units") at a price of $0.03 per Unit (the "
Offering
") for
gross proceeds of $1,036,088.46 (the "
First Tranche
"). Each Unit consists of one common share of the
Company (a "
Share
") and one common share purchase warrant (a "
Warrant
"). Each Warrant will entitle
the holder to purchase one common share at a price of $0.05 for a period expiring three years following
the closing date of the Offering.
In connection with closing the first tranche of the Offering, the Company paid finder's fees to Canaccord
Genuity Corp. of 6% cash totaling $12,600 and issued 420,000 finder's warrants (each a "
Finder's
Warrant
") representing 6% of the Units placed by the finders. Each Finder's Warrant will entitle the
holder to purchase one common share in Nevada Sunrise at a price of $0.05 per common share,
exercisable for a period expiring three years following the closing date of the Offering.
The Offering is available to accredited investors and individuals that may qualify under certain other
statutory exemptions. The securities issued pursuant to the first tranche of the Offering will be subject to a
statutory four-month hold period, expiring November 8, 2026, during which time the securities may not be
traded. The Offering is subject to acceptance of the TSX Venture Exchange.
Three insiders of the Company subscribed for a total of 800,000 Units in the First Tranche of the
Offering. Participation by the insiders constitutes a related party transaction as defined under Multilateral
Instrument 61-101 ("MI 61-101"). The Company is relying on the exemptions from the valuation and
minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI
61-101, as the fair market value of the participation by insiders in the First Tranche of the Offering does
not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-
101.
This news release does not constitute an offer of sale of any of the foregoing securities in the United
States. None of the foregoing securities have been and will not be registered under the U.S. Securities
Act of 1933, as amended (the "
1933 Act
") or any applicable state securities laws and may not be
offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in
Regulation S under the 1933 Act) or persons in the United States absent registration or an applicable
exemption from such registration requirements. This news release does not constitute an offer to sell or
the solicitation of an offer to buy nor will there be any sale of the foregoing securities in any jurisdiction in
which such offer, solicitation or sale would be unlawful.
Net proceeds of the First Tranche of the Offering are anticipated be used for operating expenses and
outstanding payables, as follows:
Mineral exploration expenditures and mineral property option payments - $700,000;
Investor relations and promotion - $69,500;
Management fees and salaries due to non-arm's length parties to the Company - $195,000;
Other outstanding payables and unallocated working capital - $58,988.
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 right to purchase a 100% interest in the
Griffon Gold Mine Project
, located
approximately 50 kilometers (33 miles) southwest of Ely, NV.
Nevada Sunrise holds the right to earn a 79% interest in the
Fivemile Gold Project
, located
approximately 40 kilometers (25 miles) south of Battle Mountain, NV.
Nevada Sunrise holds the right to earn a 100% interest in the
Coronado Copper Project
, located
approximately 48 kilometers (30 miles) southeast of Winnemucca, NV.
Nevada Sunrise owns 100% interests in the
Gemini West, Jackson Wash
and
Badlands
lithium
projects, all of which are located in the Lida Valley in Esmeralda County, NV.
As a complement to its exploration projects in Esmeralda County, the Company owns
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 future plans for the Company's Nevada mineral
properties; reliance on technical information provided by third parties on any of our exploration
properties; changes in mineral project parameters as plans continue to be refined; current economic
conditions; future prices of commodities; possible variations in grade or metallurgical 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 due to
weather; 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 Six Months ending March 31,2026, 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 of accuracy of
this release. The Securities of Nevada Sunrise Metals Corporation have not been registered
under the United States Securities Act of 1933, as amended, and may not be offered or sold
within the United States or to the account or benefit of any U.S. person.
NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE
SERVICES
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