{"id":5873,"date":"2024-07-08T16:19:45","date_gmt":"2024-07-08T16:19:45","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/07\/08\/nevada-sunrise-signs-indicative-term-sheet-to-sell-remaining-interest-in-the-kinsley-mountain-gold-project-nevada\/"},"modified":"2024-07-08T16:19:45","modified_gmt":"2024-07-08T16:19:45","slug":"nevada-sunrise-signs-indicative-term-sheet-to-sell-remaining-interest-in-the-kinsley-mountain-gold-project-nevada","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/07\/08\/nevada-sunrise-signs-indicative-term-sheet-to-sell-remaining-interest-in-the-kinsley-mountain-gold-project-nevada\/","title":{"rendered":"Nevada Sunrise Signs Indicative Term Sheet to Sell Remaining Interest in the Kinsley Mountain Gold Project, Nevada"},"content":{"rendered":"
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Nevada Sunrise Metals Corp. (TSXV: NEV) (OTCBB: NVSGF) (\u2018Nevada Sunrise\u2019 or the \u2018Company\u2019) announced today that it has signed a non-binding, indicative term sheet with CopAur Minerals Inc. (\u2018 CopAur \u2018) for CopAur to acquire Nevada Sunrise\u2019s remaining ownership interest in the Kinsley Mountain Gold Project in Nevada (\u2018 Kinsley Mountain \u2018). If the transaction is completed, CopAur will own 100% of Kinsley Mountain .<\/p>\n

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The indicative term sheet outlines a potential transaction whereby CopAur would acquire Nevada Sunrises\u2019 18.74% ownership interest in Kinsley Mountain <\/span> in consideration of the payment of CDN$475,000 <\/span> and the issuance of 1,000,000 common shares of CopAur (the \u2018Shares\u2019). The Shares would be deposited in escrow and released in successive releases of 250,000 Shares once every calendar quarter commencing after expiry of the four-month statutory hold period following the closing date. The terms of the transaction are indicative and the final terms are subject to the negotiation and completion of a definitive agreement on terms acceptable to Nevada Sunrise and CopAur. The transaction is subject to a number of conditions including CopAur arranging a financing in the amount of a minimum of CDN$475,000 <\/span> , completion of satisfactory due diligence, and the fulfilment of various closing conditions, including acceptance by the TSX Venture Exchange. <\/p>\n

About Kinsley Mountain <\/span><\/p>\n

Kinsley Mountain <\/span> was a historical past producer that yielded 138,000 ounces of near-surface, open-pit oxide gold between 1995 and 1999, and currently hosts a compliant National Instrument 43-101 mineral resource. A technical report on Kinsley Mountain <\/span> entitled \u2018Technical Report of the Kinsley Project, Elko <\/span> and White Pine <\/span> Counties, Nevada, U.S.A. <\/span> \u2018, dated June 21, 2021 <\/span> , with an effective date of May 5, 2021 <\/span> , prepared by Michael M. Gustin <\/span> and Gary L. Simmons <\/span> , is available for review under New Placer Dome Gold Corp.\u2019s issuer profile on sedarplus.ca <\/p>\n

About Nevada Sunrise <\/p>\n

Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC <\/span> , Canada <\/span> , that holds interests in lithium, gold and copper exploration projects located in the State of Nevada, USA <\/span> . <\/p>\n

Nevada Sunrise owns 100% interests in the Gemini, Jackson Wash <\/span> and Badlands lithium projects, all of which are located in the Lida Valley in Esmeralda County, NV <\/span> , and in the Pelican lithium project in Saskatchewan, Canada <\/span> . The\u00a0Company owns Nevada Water Right Permit 86863, also located in the Lida Valley basin, near Gold Point, NV. <\/p>\n

Nevada Sunrise has the right to earn a 100% interest in the Coronado Copper Project , located approximately 48 kilometers (30 miles) southeast of Winnemucca, NV. <\/span><\/p>\n

The Company owns an 18.74% interest in the Kinsley Mountain Gold Project near Wendover, NV <\/span> , in a joint venture with CopAur, which is now the subject of a potential transaction between Nevada Sunrise and CopAur. <\/p>\n

FORWARD LOOKING STATEMENTS <\/p>\n

This release may contain forward\u2013looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words \u2018expects\u2019, \u2018plans\u2019, \u2018anticipates\u2019, \u2018believes\u2019, \u2018intends\u2019, \u2018estimates\u2019, \u2018projects\u2019, \u2018potential\u2019 and similar expressions, or that events or conditions \u2018will\u2019, \u2018would\u2019, \u2018may\u2019, \u2018could\u2019 or \u2018should\u2019 occur and include disclosure of anticipated exploration activities. Although the Company believes the expectations expressed in such forward\u2013looking 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\u2013looking statements are based on the beliefs, estimates and opinions of the Company\u2019s management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward\u2013looking statements whether as a result of new information, future events or otherwise. <\/p>\n

Such factors include, among others, risks related to: the completion of the potential transaction with CopAur Minerals Inc. for the purchase of the Company\u2019s remaining participating interest in the Kinsley Mountain Gold Project joint venture; reliance on technical information provided by third parties on any of our exploration properties; changes in 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 \u2018Risk Factors\u2019 in the Company\u2019s Management Discussion and Analysis for the Six Months Ending March 31 <\/span> , 2024,\u00a0 which is available under Company\u2019s SEDAR profile at www.sedar.com . <\/p>\n

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. <\/p>\n

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. <\/p>\n

SOURCE Nevada Sunrise Metals Corporation <\/p>\n

View original content to download multimedia: http:\/\/www.newswire.ca\/en\/releases\/archive\/July2024\/08\/c5338.html <\/p>\n<\/div>\n<\/div>\n

News Provided by Canada Newswire via QuoteMedia<\/p>\n<\/p>\n

This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Nevada Sunrise Metals Corp. (TSXV: NEV) (OTCBB: NVSGF) (\u2018Nevada Sunrise\u2019 or the \u2018Company\u2019) announced today that it has signed a non-binding, indicative term sheet with CopAur Minerals Inc. (\u2018 CopAur \u2018) for CopAur to acquire Nevada Sunrise\u2019s remaining ownership interest in the Kinsley Mountain Gold Project in Nevada (\u2018 Kinsley Mountain \u2018). If the transaction […]<\/p>\n","protected":false},"author":0,"featured_media":5874,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-5873","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/5873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=5873"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/5873\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/5874"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=5873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=5873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=5873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}