Nevada Sunrise Signs Agreement to Sell the Gemini Lithium Project

Core Points - Nevada Sunrise Metals Corporation has executed a purchase and sale option agreement with Dome Rock Resources for the acquisition of 223 unpatented lode claims, which are part of the Gemini Lithium Project located in Esmeralda County, Nevada [1][2] - The total purchase price for the claims is US$800,000 (approximately CAD$1.1 million), with an initial non-refundable deposit of US$100,000 paid within five business days of the agreement [2][6] - The final payment of US$700,000 is due within 120 days of the effective date, with the option for Dome Rock to accelerate this payment [6] - Nevada Sunrise will retain a 2.0% Net Smelter Returns royalty on metals and minerals produced from the project, with the option for Dome Rock to purchase half of this royalty for US$1.0 million [6] Company Overview - Nevada Sunrise is a junior mineral exploration company based in Vancouver, Canada, focusing on gold, copper, and lithium exploration projects in Nevada [7] - The company holds 100% interests in several lithium projects, including Gemini, Jackson Wash, and Badlands, all located in the Lida Valley [8] - Nevada Sunrise also holds rights to the Griffon Gold Mine Project and the Coronado Copper Project, further diversifying its portfolio in the mining sector [7][8]