Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. Geological Technical Advisor & Member of Advisory Board John Oldow was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Duyuru • Feb 24
Nevada Sunrise Metals Corporation, Annual General Meeting, Apr 23, 2026 Nevada Sunrise Metals Corporation, Annual General Meeting, Apr 23, 2026. Location: british columbia, vancouver Canada Duyuru • Nov 07
Nevada Sunrise Metals Corporation announced that it has received CAD 0.65 million in funding On November 6, 2025, Nevada Sunrise Metals Corporation closed the transaction. The company issued 13,000,000 units at a price of CAD 0.05 per Unit for gross proceeds of CAD 650,000. Each Warrant will entitle the holder to purchase one common share at a price of CAD 0.075 for a period expiring three years from the closing date of the Offering. The transaction includes participation from 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 CAD 31,500 cash and 630,000 finder's warrants to Canaccord Genuity Corp. Each Finder's Warrant is exercisable at a price of CAD 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. Duyuru • Oct 17
Nevada Sunrise Metals Corporation announced that it expects to receive CAD 0.6 million in funding Nevada Sunrise Metals Corporation announced a non-brokered private placement to issue 7,000,000 units at an issue price of CAD 0.050 per unit for gross proceeds of up CAD 350,000 on October 16, 2025. Each unit consisting of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of CAD 0.075 for a period expiring three years from the closing date of the offering. The Offering is available to accredited investors and individuals that may qualify under certain other statutory exemptions. The securities issued pursuant to the offering will be subject to a statutory four-month hold period. Finders' fees may be payable to parties at arm's length to company that have introduced the company to certain subscribers participating in the offering. The offering is subject to acceptance of the TSX Venture Exchange.
On the same day the company announced due to investor demand it will now issue up to 12,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 600,000. Each unit consisting of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of CAD 0.075 for a period expiring three years from the closing date of the offering. Duyuru • Feb 18
Nevada Sunrise Metals Corporation, Annual General Meeting, Apr 17, 2025 Nevada Sunrise Metals Corporation, Annual General Meeting, Apr 17, 2025. Location: british columbia, vancouver Canada Duyuru • Aug 14
CopAur Minerals Inc. (TSXV:CPAU) completed the acquisition of remaining 18.74 % stake in Kinsley Mountain Property from Nevada Sunrise Metals Corporation (TSXV:NEV). CopAur Minerals Inc. (TSXV:CPAU) signed a term sheet to acquire remaining 18.74 % stake in Kinsley Mountain Property from Nevada Sunrise Metals Corporation (TSXV:NEV) for CAD 0.66 million on July 8, 2024. CopAur Minerals Inc. (TSXV:CPAU) agreed to acquire remaining 18.74 % stake in Kinsley Mountain Property from Nevada Sunrise Metals Corporation (TSXV:NEV) on August 8, 2024. As per the consideration CopAur Minerals Inc. will pay CAD 0.475 million and will issue 1 million common shares. The Shares would be deposited in escrow and released in successive releases of 0.25 million Shares once every calendar quarter commencing after expiry of the four-month statutory hold period following the closing date. If the transaction is completed, CopAur will own 100% of Kinsley Mountain. The transaction is subject to a number of conditions including CopAur arranging a financing in the amount of a minimum of CAD 0.475 million, completion of satisfactory due diligence, and the fulfilment of various closing conditions, including acceptance by the TSX Venture Exchange.
CopAur Minerals Inc. (TSXV:CPAU) completed the acquisition of remaining 18.74 % stake in Kinsley Mountain Property from Nevada Sunrise Metals Corporation (TSXV:NEV) on August 12, 2024. Duyuru • Jul 12
Nevada Sunrise Metals Corporation Initiates Data Review to Develop New Drill Targets at the Coronado Copper Project, Nevada Nevada Sunrise Metals Corporation announced that the Company has initiated a geological and geophysical data review on its Coronado Copper Project ("Coronado", or the "Project") located in Pershing County, Nevada, approximately 48 kilometers (30 miles) southeast of Winnemucca. The purpose of the Coronado data review is to identify new, shallow drill targets in an area of the Project where historical drilling in 1976 identified high-grade copper mineralization. Highlights of the Coronado Copper Project: Coronado is located in an underexplored region that hosts a past-producing volcanogenic massive sulphide ("VMS") deposit known as Big Mike, where high-grade copper was mined in the early 1970s (see Figure 1 below: photo of Big Mike mineralization in a grab sample collected by the Company in 2018); VMS deposits such as Big Mike are often found in "chains" or "clusters" along zones of structural weakness, where such deposits may be buried under overburden and exhibit no surface exposure – only one VMS deposit has been discovered to date in the Project area; Nevada Sunrise plans to explore a new target area in the northern part of Coronado known as the Red Metal prospect, where Utah International intersected shallow, high-grade copper mineralization in 1976 drill hole C-1, which reportedly returned 1.84% copper over 10.98 metres (36 feet) from 39.9 metres (131 feet) to 50.9 metres (167 feet); The Company is commissioning a new desktop study of its Coronado 2018 Versatile Time Domain Electromagnetic ("VTEMTM") data using a computer modeling process to determine the Airborne Inductive Induced Polarization ("AIIP") effect, which can measure chargeability of potential sulphide minerals and add to the interpretation of conventional airborne electromagnetic ("EM") data. Other geophysical anomalies were observed in the 2018 airborne survey data, which Nevada Sunrise plans to investigate on the ground. 2024 Coronado Exploration Plans: Nevada Sunrise plans to carry out an AIIP effect study by Geotech Ltd. ("Geotech") on the 2018 Coronado VTEMTM airborne survey data. AIIP chargeability mapping opens new avenues in mineral exploration for airborne time domain electromagnetic systems in the search for sulphides, especially in terrain with substantial overburden that can mask conventional electromagnetic responses. Other geophysical anomalies observed in the Company's 2018 airborne data are being reviewed, including the "Mikey" target, located approximately 600 metres (2,000 feet) southeast of the historic Big Mike open pit mine. Geotech also offers Structural Complexity ("SC") analysis of historical VTEMTM data using a method introduced by Kovesi (1997). SC is an important exploration parameter for structurally-controlled mineral deposits (Groves et al., 2018). Linear structures such as magnetic ridges from positive magnetic linear anomalies can be mapped and interpreted using the Centre for Exploration Targeting (University of Western Australia grid analysis module), a process which could provide valuable insight in the structural complexity at Coronado. Nevada Sunrise plans to carry out a prospecting and geological mapping and sampling survey over significant geophysical anomalies identified from the AIIP modelling program. Any identified geophysical anomalies will be gridded and sampled with a soil gas hydrocarbon ("SGH") survey, an economical soil sampling method developed by Activation Laboratories of Ancaster, ON, Canada, which is known to detect subtle geochemical anomalies over buried mineral deposits. In conjunction with newly-acquired geophysical data, SGH could assist in the development of new drill targets in Coronado's underexplored terrain. The Company holds an active drill permit for Coronado, which is good until October 2024. Duyuru • Jul 09
Nevada Sunrise Metals Corporation announced that it expects to receive CAD 0.475 million in funding Nevada Sunrise Metals Corp announced a private placement of CAD 475,000 on July 8, 2024. Duyuru • Jul 08
CopAur Minerals Inc. (TSXV:CPAU) signed a term sheet to acquire remaining 18.74 % stake in Kinsley Mountain Property from Nevada Sunrise Metals Corporation (TSXV:NEV) for CAD 0.66 million. CopAur Minerals Inc. (TSXV:CPAU) signed a term sheet to acquire remaining 18.74 % stake in Kinsley Mountain Property from Nevada Sunrise Metals Corporation (TSXV:NEV) for CAD 0.66 million on July 8, 2024. As per the consideration CopAur Minerals Inc. will pay CAD 0.475 million and will issue 1 million common shares. The Shares would be deposited in escrow and released in successive releases of 0.25 million Shares once every calendar quarter commencing after expiry of the four-month statutory hold period following the closing date. If the transaction is completed, CopAur will own 100% of Kinsley Mountain. The transaction is subject to a number of conditions including CopAur arranging a financing in the amount of a minimum of CAD 0.475 million, completion of satisfactory due diligence, and the fulfilment of various closing conditions, including acceptance by the TSX Venture Exchange. Duyuru • Mar 01
Nevada Sunrise Metals Corporation, Annual General Meeting, May 02, 2024 Nevada Sunrise Metals Corporation, Annual General Meeting, May 02, 2024. Location: Vancouver, BC Vancouver BC British Columbia Canada New Risk • Mar 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$2.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.3m free cash flow). Share price has been highly volatile over the past 3 months (34% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (€4.13m market cap, or US$4.47m). Minor Risk Shareholders have been diluted in the past year (10% increase in shares outstanding). Duyuru • Jan 24
Nevada Sunrise Releases Maiden Resource Estimate of 7.1 Million Tonnes LCE on Its Gemini Lithium Project, Nevada Nevada Sunrise Metals Corporation announced that ABH Engineering Inc. ("ABH") of Surrey, BC, Canada has completed a maiden resource estimate on the Gemini Lithium Project ("Gemini", or the "Project") in Nevada, USA within the regulations of National Instrument 43-101 (the "Technical Report"). Nevada Sunrise plans to file the Technical Report within the next 45 days. It comprises a detailed review of the completed exploration programs, an Inferred resource estimate, interpretations and conclusions and recommendations for the next phase(s) of work. The Gemini resource estimate was based on geochemical analyses for lithium from composite samples of material collected from the rotary splitter in the reverse circulation ("RC") drilling rigs contracted by the Company, which produced a continuous, representative 3 to 5 kilogram sample for each sample interval. Results of the drilling proved the existence of clays mineralized with lithium, exhibiting very good geological continuity; the Inferred resource was calculated for lithium carbonate hosted in the clays. Highlights of the 2024 Gemini Inferred Resource Estimate: 2022-2033 drilling at Gemini was based on targets selected from geological mapping and geophysical surveys that included a detailed gravity survey and two time-domain electromagnetic ("TDEM") surveys. Two phases of drilling were completed in five (5) RC holes totaling 7,330 feet (2,234.18 metres): Phase 1 drill holes GEM22-01 and GEM22-02 totaled 2,020 feet (615.85 metres); Phase 2 drill holes GEM22-03, GEM23-04 and GEM23-05 – 5,310 ft (1,618.49 metres) Drilling to date has tested only a small portion of the Project area within 844 acres, (342 hectares), which represents approximately 15%, of the area covered by the 5,600 acres (2,266 hectares) of Bureau of Land Management unpatented lode claims. The deposit remains open in all directions and at depth. The Inferred resource estimate comprises, in an open pit-constrained resource: Approximately 1.3 million tonnes Lithium, or 7.1 million tonnes lithium carbonate equivalent ("LCE") contained within 1,200 million tonnes of lithium-mineralized clay at an average grade of approximately 1,130 parts per million ("ppm") Lithium; Lithium cut-off values of 400 ppm Lithium and density of 1.7 grams per cubic centimetre ("gm/cm3") were used. Model constraints: Faults 3 and 4; a conceptualized 24 degree pit-slope, modelled from property boundaries, using a benchmark 24 degree pit-slope from several other Nevada lithium clay deposits. Additional information from the metallurgical work performed by Nevada Sunrise, especially the lithium recovery rate and the fact that LCE was produced in a bench-test study, is described in the Company's news releases dated June 5, 2023 and July 31, 2023. The technical information contained in this news release has been reviewed and approved by Damir Cukor, P. Geo., who is a Qualified Person with respect to Nevada Sunrise's Gemini Lithium Project, as defined under National Instrument 43-101. Duyuru • Dec 12
Nevada Sunrise Metals Corp. Produces 3-D Model for the Gemini Lithium Project Nevada Sunrise Metals Corp. announced the production of an animated 3-D geological and geophysical model for its 100%-owned Gemini Lithium Project ("Gemini", or the "Project"). Gemini is located in the Lida Valley basin in Esmeralda County, Nevada, where Nevada Sunrise made a significant lithium-in-sediment discovery by drilling in 2022 and 2023. The 3-D model (the "Model") was produced by Walker Lane Research Partners, LLC ("Walker Lane, LLC") of Oak Harbour, WA, based upon the results of detailed gravity surveys performed in the Lida Valley in 2012-2013 by a team from the University of Texas Dallas ("UT Dallas"), led by Dr. John Oldow, Ph.D. Dr. Oldow, a technical advisor to Nevada Sunrise, retired from UT Dallas in 2018 and is a cofounder of Walker Lane, LLC. His proprietary gravity data and geological determinations were combined with the results of time-domain electromagnetic ("TDEM") surveys carried out by Nevada Sunrise in 2016 and 2022 to produce the Model. Dr. Oldow's recommendations for additional work include increasing the gravity data coverage for the Gemini basin to further improve understanding of the basin geometry and where to locate drill sites to optimize exploration for both lithium brine and lithium-in-sediments. Identification of internal basin faults will be an important part of the additional exploration work. As found in the only producing lithium mine in the United States located at Silver Peak, Nevada in the Clayton Valley to the northwest of Gemini, internal basin faults impart important control in fluid flow and localization of lithium brines, and also have critical control on lithium-in-sediments facies distribution. Gemini is situated adjacent to the Gold Point Solar Energy Zone, a Bureau of Land Management land reserve set aside for solar and wind power generation projects until 2033. Exploration at Gemini is complemented by the Company's 80.09 acre/feet/year water right, a pre- requisite for the exploration and development of lithium brine projects in Nevada. In March and April 2022, Nevada Sunrise drilled two reverse circulation boreholes for a total of 2,020 feet (615.85 metres) in its maiden drilling program at Gemini. The drill sites were located within a defined gravity low that hosts conductive layers detected by historical ground electromagnetic surveys. The results from the first two holes at Gemini represented a new discovery of lithium mineralization in the western Lida Valley, which was not historically drill tested for lithium. Three additional boreholes totaling 5,310 feet (1,618.9 metres) were completed from October 2022 to April 2023, with each intersecting lithium mineralization. Metallurgical tests carried out on Gemini lithium-in-sediment mineralization in 2023 has achieved a 90.2% lithium extraction rate. Duyuru • Nov 21
Nevada Sunrise Metals Corporation Announces 15.3 Grams/Tonne Gold Intersected over 32.3 Metres at the Kinsley Mountain Gold Project, Nevada Nevada Sunrise Metals Corp. announced that its joint venture partner, CopAur Minerals Inc., has reported final results from the 2023 drilling program at the Kinsley Mountain Gold Project in Elko County, Nevada. Diamond drill hole KMD23-02, targeting resource infill at the high-grade Western Flank Zone, returned 15.28 grams per tonne ("g/t") gold over 32.3 metres; including 24.07 g/t gold over 10.7 metres. This result, in conjunction with prior drilling in 2020 by the Kinsley Mountain joint venture that yielded high-grade sulphide gold intercepts at depth, reinforces the continuity and exceptionally high-grade nature of Secret Canyon shale-hosted sulphide gold mineralization. The Western Flank Zone is interpreted by CopAur to remain open along corridors to the north, west and east, which CopAur, as operator of exploration at Kinsley Mountain, plans to continue to test with additional drilling. Diamond drill hole KMD23-03, targeting an untested geophysical anomaly, intersected a greater than 80 metre core length fault-bounded interval of the Secret Canyon Shale. This interval contained anomalous arsenic pathfinder values but did not return significant gold values. Summary of the 2023 Exploration Program at Kinsley Mountain: A total of seven (7) reverse circulation ("RC") drill holes and three (3) diamond drill holes comprising 2,285 metres (7,495 feet) were completed in 2023 at the high-grade Western Flank Zone, the Main Pit North, and the Kinsley Ridge target. All samples, including QA/QC samples, were shipped to ALS Global in North Vancouver, British Columbia, Canada for multi-element analysis and fire assay for gold. Duyuru • Oct 27
Nevada Sunrise Metals Corporation announced that it has received CAD 0.7738 million in funding On October 26, 2023, Nevada Sunrise Metals Corporation closed the transaction. The company issued 6,110,000 units at an issue price of CAD 0.08 for the gross proceeds of CAD 488,000 in second and final tranche. A total of 9,672,500 Units were sold in the Offering in two tranches for gross proceeds of CAD 773,800. Each Unit consists of one common share and one common share purchase warrant of the Company. One Warrant entitles the holder to purchase one Share of the Company at a price of CAD 0.12 for a period expiring 24 months following the closing date of the Offering. All securities issued in the Second Tranche of the Offering are subject to a hold period of four months plus one day from the closing date, with the hold period expiring on February 27, 2024, during which time the securities may not be traded. In connection with the closing of the Second Tranche, the Company paid finder's fees consisting of a total of CAD 3,248 in cash and 40,600 finder's units, to Haywood Securities Inc. CAD 1,148 cash and 14,350 finder's units, and Canaccord Genuity Corp. - CAD 2,100 in cash and 26,250 finder's units. Finder's units are exercisable at the price of a Unit placed CAD 0.08 for one Share of the Company and one Warrant, with each Warrant entitling the finder to purchase one Share of the Company at a price of CAD 0.12 for a period expiring 24 months following the closing date of the Offering. Total finder's fees paid in the Offering were CAD 8,568 in cash and 107,100 finder's units. Duyuru • Oct 07
Nevada Sunrise Announces Intercept of 2.22 Grams/Tonne Oxide Gold over 25.9 Metres At the Kinsley Mountain Gold Project, Nevada Nevada Sunrise Metals Corp. announced that its joint venture partner, CopAur Minerals Inc. ("CopAur") has reported the results from the first four reverse circulation ("RC") holes completed during 2023 exploration at the Kinsley Mountain Gold Project ("Kinsley Mountain" or the "Project") in Elko County, Nevada. The four RC holes reported targeted near-surface oxide gold mineralization within the Main Pit North area located 1 kilometre (0.62 miles) southeast of the Western Flank Zone. Drilling at Main Pit North during 2020 intersected high-grade oxide gold intercepts within the gold-hosting Dunderberg shale approximately 75 metres (246 feet) outside the current resource pit shell, thus providing opportunities for near-pit resource expansion. Hole KMR23-03, collared 200 metres (656 feet) north of the current pit shell, returned 2.22 grams per tonne ("g/t") oxide gold over 25.9 metres (85 feet); including 4.2 g/t oxide gold over 10.7 metres (35 feet). The intercept is significant given that at depth it lies within 50 metres (164 feet) of the current oxide resource pit shell. Together with prior RC drilling by the Kinsley Mountain joint venture outside the historical pit limits, including drill hole KMR20-030 that yielded 9.83 g/t oxide gold over 7.6 metres (25 feet)[1], this new intercept reaffirms the presence of an oxide gold mineralized stratigraphic interval of approximately 30 metres (98 feet) true thickness hosted within the Dunderberg shale and underlying Hamburg limestone that warrants additional drilling. Drill holes KMR23-04 and KMR23-02 flanking KMR23-03 to the west and east returned 2.02 g/t gold over 7.6 metres (25 feet); and 1.5 g/t gold over 4.6 metres (15.1 feet), respectively further demonstrating the significance of the Dunderberg-Hamburg units as the premiere oxide gold host at Kinsley Mountain. Drill hole KMR23-01 did not return significant intercepts. A total of seven (7) RC drill holes and three (3) diamond drill holes comprising 2,285 metres (7,495 feet) were completed in 2023 at the high-grade Western Flank Zone, the Main Pit North, and the new Kinsley Ridge target (see Figure 1). All samples, including QA/QC samples, were shipped to ALS Global in Vancouver, Canada ("ALS") for multi-element analysis and fire assay for gold. Results from the remaining five (5) holes drilled in the 2023 program will be released following their receipt and interpretation by CopAur, operator of the Project. Kinsley Mountain hosts a historic past-producing mine that yielded 138,000 ounces of near-surface, open-pit oxide gold mined by Alta Gold Company between 1995-1999 . The Project hosts current indicated mineral resources comprising a National Instrument 43-101 compliant gold resource consisting of 418,000 indicated ounces of gold grading 2.63 g/t gold (4.95 million tonnes), and 117,000 inferred ounces of gold averaging 1.51 g/t gold (2.44 million tonnes), at cut-off grades ranging from 0.2 to 2.0 g/t gold1. Indicated resources are inclusive of 302,000 ounces averaging 6.11 g/t gold hosted within the Secret Canyon Shale at the Western Flank Zone. Duyuru • Sep 27
Nevada Sunrise Metals Provides Lithium-Mineralized Clays for Super Critical Carbon Dioxide Extraction Testing, Gemini Lithium Project, Nevada Nevada Sunrise Metals Corp. announced that a novel form of metallurgical testing is underway on lithium mineralization from its 100%-owned Gemini Lithium Project (‘Gemini’) in Nevada, utilizing super critical carbon dioxide as a leaching agent. A new patent granted by the U.S. Patent and Trademark Office in August 2023 to the Company's consultant, Willem Duyvesteyn, M.Sc. of Extractive Metallurgy Consultants LLC of Reno, Nevada (‘EMC’), is currently being tested on Gemini clay mineralization. EMC's patented process could revolutionize the extraction of lithium from clay deposits by offering a ‘green’ processing method while at the same time providing in-ground sequestration of captured carbon dioxide (‘carbon capture’). Duyuru • Sep 09
Copaur Minerals Inc. Announces Completion of Drilling At the Kinsley Mountain Gold Project, Nevada Nevada Sunrise Metals Corp. announced that its joint venture partner, CopAur Minerals Inc. has reported the completion of the 2023 reverse circulation and diamond drilling program at the Kinsley Mountain Gold Project located in Elko County, Nevada, USA. A total of seven (7) RC drill holes and three (3) diamond drill holes comprising 2,285 metres (7,495 feet) were completed at the high-grade Western Flank Zone, Main Pit North, and the new Kinsley Ridge target. All samples, including QA/QC samples, were shipped to ALS Global in North Vancouver, British Columbia, Canada for multi-element analysis and gold fire-assay. Results will be released following their receipt and interpretation by CopAur, operator of the Project. Kinsley Mountain hosts current indicated mineral resources comprising a National Instrument 43-101 compliant gold resource consisting of 418,000 indicated ounces of gold grading 2.63 g/t Au (4.95 million tonnes), and 117,000 inferred ounces of gold averaging 1.51 g/t Au (2.44 million tonnes), at cut-off grades ranging from 0.2 to 2.0 g/t Au1. Indicated resources are inclusive of 302,000 ounces averaging 6.11 g/t gold hosted within the Secret Canyon Sale at the Western Flank Zone. The Kinsley Mountain property hosts a historical past-producing mine that yielded 138,000 ounces of near-surface, open-pit oxide gold mined by Alta Gold Company between 1995-1999. Duyuru • Aug 17
Nevada Sunrise Metals Corporation announced that it expects to receive CAD 1.6 million in funding Nevada Sunrise Metals Corporation announced a non-brokered private placement of 20,000,000 units at a price of CAD 0.08 per unit for the gross proceeds of CAD 1,600,000 on August 16, 2023. Each unit consists of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at an exercise price of CAD 0.12 for a period expiring 2 years from the closing date of the offering. The offering is subject to acceptance of the TSX Venture Exchange. Duyuru • Aug 01
Nevada Sunrise Metals Corporation Produces Lithium Carbonate in Metallurgical Testing, Gemini Lithium Project, Nevada Nevada Sunrise Metals Corp. announced further results of metallurgical testing carried out on lithium mineralization from its 100%-owned Gemini Lithium Project (Gemini) located in the Lida Valley basin in Esmeralda County, Nevada. A substantially pure sample of lithium carbonate equivalent (LCE) was produced from the leach solutions that realized a 90.2% lithium recovery rate reported by the Company in June 2023. Highlights of Gemini Metallurgical Testing: A novel method of small-scale column testing achieved a 90.2% lithium extraction rate under the direction of Willem Duyvesteyn, of Extractive Metallurgy Consultancy LLC, based in Reno, Nevada. Mr. Duyvesteyn utilized the facilities of McClelland Laboratories Inc. (McClelland) in Sparks, Nevada for the metallurgical tests. From the leach solution provided by the initial extraction, McClelland produced an LCE sample that was near-100% lithium carbonate (Li2CO3); Subsequent X-ray diffraction analysis (XRD) matched the standard pattern of lithium carbonate. Duyuru • Jun 06
Nevada Sunrise Metals Corp. Achieves 90.2% Lithium Recovery in Metallurgical Testing, Gemini Lithium Project, Nevada Nevada Sunrise Metals Corp. announced the results of metallurgical testing carried out on lithium mineralization from its 100%- owned Gemini Lithium Project ("Gemini") located in the Lida Valley basin in Esmeralda County, Nevada. A novel method of small-scale column testing achieved a 90.2% lithium extraction rate under the direction of Willem Duyvesteyn, of Extractive Metallurgy Consultancy LLC, based in Reno, Nevada. Mr. Duyvesteyn utilized the facilities of McClelland Laboratories Inc. ("McClelland") in Sparks, Nevada for the metallurgical tests. Highlights of Gemini Metallurgical Testing: Priminanary leaching test work was designed to focus on obtaining a lithium ach extraction of more than 8080%. Early tests included a standard sulfuric acid leach, the re-leach of residues, a hot acid beaker leach of low and high-grade mineralization, and a gypsum/lime roast water leach; Following the use of various extraction methods an "acid-bake" step was implemented using concentrated sulfuric acid on moist lithium-in-sediment mineralization with average lithium values of approximately 1,100 parts per million ("ppm") lithium; A one-meter-tall column was loaded with Gemini clay mineralization and an open-circuit system employed a two-step leaching system, which achieved a90.2% lithium extraction over a 25-day period. The0.2% % lithium extraction rate achieved from the Gemini mineralization compares vourably with the average liththium extraction of 84% reported by Lithium Americas at its Thacker Pass lithium project. As follow-up to the successful outcome of this small-scale column testing, Mr. DuyvesteYN has designed a larger- scale test involving 50 kilograms of Gemini clay mineralization, which began in late May 2023. The larger test will employ selected higher-grade mineralization averaging approximately 2,000 ppm lithium. Mr. Duyvestoyn and McClelland are carrying out further studies to assess the production of high-purity lithium carbonate from the column leach solutions. Both conventional precipitation methods and a modified direct lithium extraction ("DLE") technique, utilizing proprietary lithium absorbents are under consideration. Testing carried out by McClelland on lithium-in-water samples collected from the 2022-2023 drilling at Gemini has revealed that the presence of suspended, sub-micron-sized clay particles carrying lithium are not amenable to a DLE extraction process. Nevada Sunrise will continue to collect and analyze water samples from future drilling programs to evaluate potential for a DLE process on the groundwater encountered at Gemini. Board Change • Apr 21
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 5 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Charles Roy was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 