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NEVADA SUNRISE SELLS REMAINING INTEREST IN LOVELOCK COBALT MINE AND TREASURE BOX PROPERTIES TO GLOBAL ENERGY METALS CORP.
NEVADA SUNRISE SELLS REMAINING INTEREST IN LOVELOCK COBALT MINE AND TREASURE BOX PROPERTIES TO GL...
About this update from Nevada Sunrise Metals Corporation
[{"type":"text","content":"\n \n \n \n NEVADA SUNRISE SELLS REMAINING INTEREST IN LOVELOCK COBALT MINE AND TREASURE BOX PROPERTIES TO GLOBAL ENERGY METALS CORP.\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n May 2, 2023\n \n \n /CNW/ -\n \n Nevada Sunrise Metals Corporation\n \n (\"Nevada Sunrise\" or the \"Company\") (TSXV: NEV) (OTC: NVSGF) announced today that it has signed a binding purchase and sale agreement with Global Energy Metals Corp. (\"GEMC\", TSXV: GEMC) for GEMC to acquire the Company's remaining 15% interest in the Lovelock Cobalt Mine and the Treasure Box mineral properties (the \"Properties\") in Nevada (the \"Transaction\").\n \n \n \n \n \n \n \n \n \n Upon closing of the Transaction (the \"Closing\"), consideration for the purchase of the Properties will be paid to Nevada Sunrise in the form of 2,500,000 common shares of GEMC (the \"Consideration Shares\"). Closing is planned to occur on or before\n \n June 30, 2023\n \n , subject to TSX Venture Exchange approval and the satisfaction of certain other conditions. In addition to a regulatory 4-month hold period, Nevada Sunrise has agreed to additional voluntary hold periods with respect to the Consideration Shares, which will vest in four tranches over a 12-month period from their date of issuance.\n \n \n \n \n About Nevada Sunrise\n \n \n \n \n Nevada Sunrise is a junior mineral exploration company with a strong technical team based in\n \n Vancouver, BC\n \n ,\n \n Canada\n \n , that holds interests in gold, copper and lithium exploration projects located in the\n \n State of Nevada, USA\n \n .\n \n \n Nevada Sunrise owns 100% interests in the Gemini,\n \n Jackson Wash\n \n and Badlands lithium projects, all of which are located in the Lida Valley in\n \n Esmeralda County, NV.\n \n The Company owns Nevada water right Permit 86863, also located in the Lida Valley basin, near Lida, NV.\n \n \n The Company's key gold asset is a 20.01% interest in a joint venture at the Kinsley Mountain Gold P...