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Nevada Sunrise Completes Sale of Water Rights in Clayton Valley, Nevada
Nevada Sunrise Completes Sale of Water Rights in Clayton Valley, Nevada Canada ...
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[{"type":"text","content":"\n \n \n \n Nevada Sunrise Completes Sale of Water Rights in Clayton Valley, Nevada\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prngen1{\nBORDER-TOP:0pt; BORDER-RIGHT:0pt; BORDER-COLLAPSE: COLLAPSE; BORDER-BOTTOM:0pt; BORDER-LEFT:0pt\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Dec. 8, 2021\n \n /CNW/ -\n \n Nevada Sunrise Gold Corp. (\"Nevada Sunrise\",\n \n or the \"\n \n Company\n \n \") (TSXV: NEV) (OTC: NVSGF) is pleased to announce that it has completed the sale of its water rights in the Clayton Valley,\n \n Nevada\n \n (the \"Transaction\") through its wholly-owned\n \n Nevada\n \n subsidiary company Intor Resources Corporation to Cypress Development Corp. of\n \n Vancouver, BC\n \n ,\n \n Canada\n \n (TSX-V: CYP) (OTCQB: CYDVF) (Frankfurt: C1Z1) (\"Cypress\").\n \n \n \n \n \n \n \n \n \n The Transaction represents a major milestone for Cypress' Clayton Valley Lithium Project, near Silver Peak,\n \n Nevada\n \n and provides an opportunity for Nevada Sunrise to share in future success gained by Cypress' efforts to develop a new lithium mine in\n \n Esmeralda County\n \n . The total purchase price of\n \n US$3.0 million\n \n included an initial cash deposit of\n \n US$150,000\n \n , and a final payment of\n \n US$2.85 million\n \n (the \"Closing Payment\"). The Closing Payment comprised\n \n US$2.0 million\n \n in cash and the issuance of Cypress' common shares to the value of\n \n US$850,000\n \n .\n \n \n The Permit allows for the appropriation of the public waters of the\n \n State of Nevada\n \n in the amount of 1,770 acre-feet of groundwater per year for mining, milling and domestic applications. This amount represents the largest single volume of permitted water a...