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Nevada Sunrise Signs Definitive Agreement for the Sale of Water Rights in Clayton Valley, Nevada
Nevada Sunrise Signs Definitive Agreement for the Sale of Water Rights in Clayton Valley,...
About this update from Nevada Sunrise Metals Corporation
[{"type":"text","content":"\n \n \n \n Nevada Sunrise Signs Definitive Agreement for the 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.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnvat{\nVERTICAL-ALIGN: TOP\n}\n.prnbcc{\nBORDER-TOP-COLOR:; BORDER-COLLAPSE: COLLAPSE; BORDER-LEFT-COLOR:; BORDER-BOTTOM-COLOR:; BORDER-RIGHT-COLOR:\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TSX Venture Exchange: NEV\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Sept. 9, 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 executed a definitive water rights purchase and sale agreement (the \"Agreement\")  with Cypress Development Corp. of\n \n Vancouver, BC\n \n ,\n \n Canada\n \n (TSX-V:\n \n CYP\n \n ) (OTCQB:\n \n CYDVF\n \n ) (\n \n Frankfurt\n \n :\n \n C1Z1\n \n ) (\"Cypress\") for the sale to Cypress of its water rights (\"the Permit\") in Clayton Valley,\n \n Nevada\n \n (the \"Transaction\"). 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 .\n \n \n \n \n \n \n \n \n \n \n Terms of the Agreement\n \n \n \n The purchase price for the Permit is\n \n US$3.0 million\n \n to be paid in a combination of cash and Cypress' common shares (see Nevada Sunrise news release dated\n \n May 10, 2021\n \n ). The purchase price includes an initial non-refundable cash payment of\n \n US$150,000\n \n (paid), and a final payment of\n \n US$2.85 million\n \n on receipt of all necessary approvals and transfer of the Permit to Cypress (the \"Closing Payment\"). The Closing Payment comprises\n \n US$2.0 million\n \n in cash and the issuance of Cypress' common sha...