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Positive
- Capital raised: $650,000
- Issued 13,000,000 units to fund exploration
- Offering increased from $600,000 due to demand
- Finder’s warrants provide additional potential funding
Negative
- Issuance of 13,000,000 common shares creates shareholder dilution
- Outstanding warrants: 13,000,000 exercisable at $0.075 (3 years)
- Finder’s fees: $31,500 cash plus 630,000 warrants
- Securities subject to TSXV acceptance, not yet finalized
11/06/2025 – 08:12 PM
Vancouver, British Columbia – Nevada Sunrise Metals Corporation (TSXV: NEV) (OTC Pink: NVSGF) has announced the successful closing of a non-brokered private placement, generating gross proceeds of $650,000. The capital raise involved the issuance of 13,000,000 units at $0.05 per unit. Each unit includes one common share of Nevada Sunrise and a warrant, exercisable for an additional common share at $0.075 within a three-year period from the offering’s closing. The offering was upsized from an initial $600,000 due to significant investor interest.
The financing underscores the ongoing investor confidence in Nevada Sunrise’s strategic direction and its portfolio of mineral exploration projects. The company intends to allocate resources from this placement to advanced stage exploration programs within Nevada.
Specifically, the proceeds will be directed towards:
- Exploration work on the Company’s Nevada mineral properties to identify and develop commercially viable mineral resources. This includes exploration for lithium – a critical metal in the growing electric vehicle battery market.
- Rigorous mineral property investigations, contributing to an enhanced understanding of geological characteristics and resource potential.
- Augmenting general working capital to facilitate seamless operations and strategic growth initiatives.
The offering was exclusively available to accredited investors and other individuals meeting specific regulatory exemptions. The securities issued in connection with the offering come with a mandatory hold period, expiring on March 7, 2026, and are subject to the approval of the TSX Venture Exchange. In consideration of their services, Canaccord Genuity Corp. received a finder’s fee of $31,500 in cash along with 630,000 finder’s warrants, each enabling the purchase of one common share at $0.075 for three years following the offering’s closing.
The transaction is structured to provide Nevada Sunrise with financial flexibility as it continues to evaluate and develop its portfolio of assets. CEO stated that this capital will be used to aggressively move forward exploration plans. The Company cautions readers that these securities have not and will not be registered under the U.S. Securities Act of 1933 and therefore may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.
About Nevada Sunrise
Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC, Canada, that holds interests in gold, copper and lithium exploration projects located in the State of Nevada, USA.
Nevada Sunrise holds the right to purchase a 100% interest in the Griffon Gold Mine Project, located approximately 50 kilometers (33 miles) southwest of Ely, NV.
Nevada Sunrise holds the right to earn a 100% interest in the Coronado Copper Project, located approximately 48 kilometers (30 miles) southeast of Winnemucca, NV.
Nevada Sunrise owns 100% interests in the Gemini West, Jackson Wash and Badlands lithium projects, all of which are located in the Lida Valley in Esmeralda County, NV.
As a complement to its exploration projects in Esmeralda County, the Company owns Nevada Water Right Permit 86863, also located in the Lida Valley basin, near Lida, NV.
FAQ
How much did Nevada Sunrise (NVSGF) raise in the November 2025 private placement?
Nevada Sunrise raised $650,000 through a non‑brokered private placement on November 7, 2025.
What securities were issued in Nevada Sunrise’s (NVSGF) $650,000 offering?
The company issued 13,000,000 units, each with one common share and one warrant exercisable at $0.075 for three years.
What will Nevada Sunrise (NVSGF) use the offering proceeds for?
Proceeds are earmarked for Nevada exploration work, other mineral property investigations, and general working capital.
When do the warrants and finder’s warrants for NVSGF expire and at what price?
Both the investor warrants and the 630,000 finder’s warrants are exercisable at $0.075 and expire three years from closing.
Are NVSGF securities from the private placement immediately tradable?
No; the securities are subject to a statutory hold period expiring March 7, 2026 and the offering requires TSX Venture Exchange acceptance.
Did Nevada Sunrise (NVSGF) pay finder’s fees for the November 2025 placement?
Yes; the company paid $31,500 cash and issued 630,000 finder’s warrants to Canaccord Genuity.
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