Nevada Sunrise Closes $650,000 Private Placement

Executive Summary

• Nevada Sunrise Metals closed a non‑brokered private placement raising $650,000 in gross proceeds.
• The offering was increased from the originally planned $600,000 to $650,000 due to investor demand, issuing 13,000,000 units at $0.05 per unit.
• Proceeds will fund exploration on Nevada mineral properties, other property investigations, and general working capital.

Key Details

• Units Issued: 13,000,000 (each consisting of one common share + one common share purchase warrant).
• Price per Unit: $0.05 → total gross proceeds $650,000.
• Warrant Terms: Each warrant allows purchase of one common share at $0.075, exercisable for three years from the closing date.
• Offering Increase: Originally $600,000 (12,000,000 units) announced on Oct 16 2025; raised to $650,000 (13,000,000 units).
• Use of Proceeds:
• Exploration work on Nevada mineral properties.
• Additional mineral property investigations.
• General working capital.
• Finder’s Compensation:
• Cash payment of $31,500 to Canaccord Genuity Corp.
• Issuance of 630,000 finder’s warrants, each exercisable at $0.075 for three years.
• Statutory Hold Period: Securities subject to a hold period expiring March 7 2026.
• Accredited Investor Offering: Available only to accredited investors and other qualified persons under statutory exemptions.
• TSX Venture Exchange Acceptance: Closing of the offering is subject to acceptance by the TSX Venture Exchange.

Notable Quotes

(No executive quotes were included in the release.)