Nevada Sunrise Closes $650,000 Private Placement

Rhea-AI Summary

Nevada Sunrise (OTC Pink: NVSGF) closed a non‑brokered private placement for $650,000 by issuing 13,000,000 units at $0.05 per unit. Each unit includes one common share and one warrant exercisable at $0.075 for three years from closing. The Offering was increased from $600,000 to $650,000 due to demand. Net proceeds will fund Nevada exploration, other property investigations, and general working capital. Securities are subject to a statutory hold period expiring March 7, 2026. The company paid $31,500 cash and issued 630,000 finder's warrants to Canaccord Genuity, each exercisable at $0.075 for three years. The Offering is subject to TSX Venture Exchange acceptance and securities are not registered for sale in the United States.

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

Vancouver, British Columbia--(Newsfile Corp. - November 6, 2025) - Nevada Sunrise Metals Corporation (TSXV: NEV) (OTC Pink: NVSGF) ("Nevada Sunrise" or the "Company") is pleased to announce it has closed a non-brokered private placement (the "Offering") for gross proceeds of $650,000, consisting of 13,000,000 units (the "Units") at a price of $0.05 per Unit, with each Unit comprised of one common share of the Company and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one common share at a price of $0.075 for a period expiring three years from the closing date of the Offering. Due to investor demand, the Offering was increased from $600,000 (12,000,000 Units) (see news release dated October 16, 2025) to $650,000 (13,000,000 Units).

Proceeds of the Offering will be used for:

• Exploration work on the Company's Nevada mineral properties;
• Other mineral property investigations, and general working capital.

The Offering was available to accredited investors and individuals that qualified under certain other statutory exemptions. The securities issued pursuant to the Offering are subject to a statutory hold period expiring March 7, 2026. In connection with the closing of the Offering, the Company paid finder's fees consisting of a total of $31,500 cash and 630,000 finder's warrants (each a "Finder's Warrant") to Canaccord Genuity Corp. Each Finder's Warrant is exercisable at a price of $0.075 for a period of three years from the closing date of the Offering. The Offering is subject to acceptance of the TSX Venture Exchange.

This news release does not constitute an offer of sale of any of the foregoing securities in the United States. None of the foregoing securities have been and will not be registered under the U.S. Securities Act of 1933, as amended (the "1933 Act") or any applicable state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent registration or an applicable exemption from such registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the foregoing securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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.

For Further Information Contact:

Warren Stanyer, President and Chief Executive Officer
email: warrenstanyer@nevadasunrise.ca
Telephone: (604) 428-8028
Website: www.nevadasunrise.ca

FORWARD LOOKING STATEMENTS

This release may contain forward‐looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and include disclosure of anticipated exploration activities. Although the Company believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward‐looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward‐looking statements whether as a result of new information, future events or otherwise.

Such factors include, among others, risks related to future plans for the Company's Nevada mineral properties; reliance on technical information provided by third parties on any of our exploration properties; changes in mineral project parameters as plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or metallurgical recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labor disputes and other risks of the mining industry; delays due to pandemic; delays due to weather; delays in obtaining governmental approvals, financing or in the completion of exploration, as well as those factors discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for the Nine Months ending June 30, 2025, which is available under Company's SEDAR profile at www.sedarplus.com.

Although Nevada Sunrise has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Nevada Sunrise disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273569

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.