Nevada Sunrise closes Gemini claim sale to Dome Rock

Executive Summary

• Nevada Sunrise Metals Corp. closed the sale of its core Gemini Lithium Project claims to Dome Rock Resources LLC for a total cash consideration of $800,000 USD.
• The transaction was completed with an initial $100,000 non‑refundable deposit and a final $700,000 payment received on September 15, 2025.
• Nevada Sunrise retained a 2.0% net smelter return (NSR) royalty on future production, of which the purchaser may acquire an additional 1.0% for $1.0 million USD; the deal remains subject to TSX Venture Exchange acceptance.

Key Details

• Seller: Nevada Sunrise Metals Corp.
• Buyer: Dome Rock Resources LLC (private South Dakota company).
• Asset Sold: 223 unpatented lode claims comprising the core of the Gemini Lithium Project in the Lida Valley, Esmeralda County, Nevada.
• Retained Claims: Nevada Sunrise kept 26 adjacent unpatented lode claims west of the sold parcel.
• Purchase Price: $800,000 USD (≈ $1.1 million CAD) paid entirely in cash.
• Payment Structure:
• Initial non‑refundable deposit – $100,000 USD received upon execution of the option‑to‑purchase agreement.
• Final payment – $700,000 USD received on September 15, 2025.
• Royalty Retention: Nevada Sunrise will retain a 2.0% NSR royalty on any metals/minerals produced from the project.
• Optional Additional Royalty Purchase: The buyer may acquire an additional 1.0% of the NSR for $1.0 million USD.
• Regulatory Condition: Transaction pending final acceptance by the TSX Venture Exchange.

Notable Quotes

(No direct quotes were provided in the release.)