Brunswick Exploration Intercepts 25.1 Meters Grading 1.00% Li2O From Anatacau West

Brunswick Exploration Intercepts 25.1 Meters Grading 1.00% Li2O From Anatacau West

Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; " BRW " or the " Company ") is pleased to announce that it has received all results from its drilling campaign at the Anatacau West project, located in the Eeyou Istchee-James Bay region of Quebec. The final results are from the six remaining holes. In total, 17 out of 18 holes intercepted pegmatites and, importantly, the pegmatites remain open a depth and with potential for new pegmatites further south and to the east.

Drill result highlights from this release:

  • 25.1 metres at 1.00% Li2O in drill hole AW-23-17, including 18.1 metres at 1.37% Li2O ;
  • 18.2 metres at 1.31% Li2O in drill hole AW-23-18;
  • 18.2 metres at 1.33% Li2O , including 9.5 metres at 1.74% Li2O and 3.5 metres at 2.11% Li2O in drill hole AW-23-05.

Mr. Killian Charles, President and CEO of BRW, commented: "We are very excited to return to Anatacau West and Anatacau Main once restrictions have been lifted. The recently announced Anais spodumene showing underscores the regional potential for the two projects. We believe systematic exploration across our claims will continue to lead to new discoveries. Both targets will be prioritized for drilling in late Q3."

Anatacau West Drilling Campaign Overview

Following drilling completed to date, BRW believes it has intercepted at least two continuous, distinct spodumene-bearing pegmatites. All of the pegmatites are oriented north-northeast, are closely spaced in an on-echelon pattern and dip steeply towards the west. The pegmatites are hosted in metasedimentary rocks in an east-west deformation corridor similar to Allkem's neighboring James Bay Lithium Deposit.

Drilling has initially focused on near surface mineralization with the pegmatites only being drill tested to a maximum vertical depth of 137 meters. They remain open at depth. Furthermore, potential exists for repetition of new pegmatites further to the south and to the east.

Lithium mineralization consists predominantly of spodumene with minor lepidolite. Spodumene crystals are generally well-formed, decimetric in scale (up to 10cm) and have a white to pale grey color. Importantly, grade is strongly correlated with visually identified spodumene percentage in core allowing BRW to rapidly ascertain the lithium potential of mineralized intercepts in exploration drilling.

Table 1 : Mineralized Intercepts from the Winter 2023 Anatacau West Drilling Campaign

Hole ID From
(m)
To (m) Interval
(m)
Li 2 O
(%)
AW-23-01 8.6 12.8 4.2 0.21
30.6 57.1 26.5 1.51
AW-23-02 29.6 37.2 7.6 0.69
AW-23-03 No Significant Interval
AW-23-04 31.3 34.0 2.7 0.92
Incl. 32.3 33.0 0.7 1.73
AW-23-05 59.7 64.3 4.6 0.55
83.7 89.3 5.6 0.64
93.3 100.9 7.6 1.13
Incl. 93.3 98.3 5.0 1.57
179.0 197.1 18.2 1.33
Incl. 179.0 188.4 9.5 1.74
Incl. 184.9 188.4 3.5 2.11
and 189.9 195.5 5.6 1.19
AW-23-06 154.5 164.9 10.4 0.57
Incl. 156.5 157.5 1.0 1.29
and 161.5 164.1 2.6 1.55
AW-23-07 No Significant Interval
AW-23-08 31.1 32.1 1.0 0.52
AW-23-09 No Significant Interval
AW-23-10 44.7 47.0 2.3 1.09
54.2 57.1 2.9 0.45
63.0 72.9 9.9 1.03
Incl. 66.0 70.0 4.0 1.30
AW-23-11 170.2 172.5 2.3 0.13
AW-23-12 No Significant Interval
AW-23-13 No Significant Interval
AW-23-14 16.9 17.9 1.0 1.04
117.2 127.3 10.1 1.06
Incl. 121.1 126.0 4.9 1.63
161.6 174.2 12.6 1.12
AW-23-15 No Significant Interval
AW-23-16 43.7 47.2 3.5 1.07
Incl. 43.7 45.7 2.0 1.34
148.0 150.0 2.0 0.63
Incl. 149.0 149.4 0.4 1.19
AW-23-17 35.8 68.1 32.4 0.79
Incl. 42.5 67.6 25.1 1.00
Incl. 42.5 60.6 18.1 1.37
AW-23-18 10.2 28.4 18.2 1.31
Incl. 15.4 28.4 13.0 1.41
and 10.2 13.5 3.3 1.67


Note: All drill holes are NQ core size and all intervals are core length. True width of intervals is not confirmed but estimated to be approximately 70% of true width. Significant intervals are assay values above 0.1% Li2O.

Figure 1 : Plan Map of Drill Holes Completed at Anatacau West

Plan Map of Drill Holes Completed at Anatacau West

Table 2 : 2023 Winter Drill Hole Location

Hole ID Total
Depth
(m)
Azimuth
(°)
Dip
(°)
Easting Northing Elevation
(m)
AW-23-01 198 109.7 -45 361721 5788558 200
AW-23-02 198 109.5 -45 361891 5788526 201
AW-23-03 198 109.5 -45 362005 5788571 200
AW-23-04 201 110 -45 361717 5788482 198
AW-23-05 216 109.8 -45 361715 5788622 200
AW-23-06 195 110 -45 361712 5788729 200
AW-23-07 204 110.3 -45 361710 5788399 200
AW-23-08 195 110.9 -45 361892 5788456 200
AW-23-09 198 110.2 -45 361889 5788596 200
AW-23-10 195 110.6 -45 361890 5788666 200
AW-23-11 198 109.8 -45 363832 5788240 221
AW-23-12 195 109.7 -45 363614 5788543 205
AW-23-13 201 110 -45 364149 5788353 200
AW-23-14 180 110.1 -45 361817 5788666 200
AW-23-15 201 110 -45 361914 5788758 200
AW-23-16 229 110 -45 361812 5788761 200
AW-23-17 237 290 -45 361885 5788536 200
AW-23-18 252 290 -45 681891 5788600 200


Termination of Advisory Services Agreement

The Company announces that the advisory services agreement entered into with Red Cloud Financial Services Inc. ("Red Cloud") and originally announced on March 31, 2023 has been rescinded by the parties. The upfront fee of $120,000 paid by the Company in consideration for the services to be provided by Red Cloud has been refunded to the Company.

Quality Assurance / Quality Control

BRW adheres to a strict QA/QC program for core handling, sampling, sample transportation and analyses. Drill core samples from the Company's projects are securely transported to a core facility on site, where they are logged and sampled over 0.5 to 1.0 meter intervals. Samples selected for assay include insertion of quartz blanks and certified reference materials into sample batches at a rate of approximately 10 per cent. Samples are shipped to ALS Canada Ltd.'s preparation facility in Val-d'Or. Pulps are analyzed at the ALS Canada Ltd. facility in Vancouver. All samples are analyzed by sodium peroxide fusion with ICP-AES/MS finish. Reported drill intersections use a lower analytical cut off value of 0.1% Li2O.

Qualified Person

The scientific and technical information contained in this press release has been reviewed and approved by Mr. François Goulet, Manager Quebec. He is a Professional Geologist registered in Quebec and is a Qualified Person as defined by National Instrument 43-101.

About Brunswick Exploration

Brunswick Exploration is a Montreal-based mineral exploration company listed on the TSX-V under symbol BRW. The Company is focused on grassroots exploration for lithium in Canada, a critical metal necessary to global decarbonization and energy transition. The company is rapidly advancing the most extensive grassroots lithium property portfolio in Canada with holdings in Quebec, Ontario, Saskatchewan, Manitoba, New Brunswick and Nova Scotia.

Investor Relations/information

Mr. Killian Charles, President and CEO ( info@brwexplo.ca )

Cautionary Statement on Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation's public documents filed on SEDAR at www.sedar.com. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/07ddec2e-0652-488c-90b0-cf72cc173a41


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Brunswick Exploration Launches Multinational Exploration Campaign

Brunswick Exploration Launches Multinational Exploration Campaign

Brunswick Exploration Inc. (" BRW " or the " Company ") is pleased to announce that it has started a helicopter-supported prospecting campaign in Quebec with additional programs in Labrador and Greenland to begin in July and August 2024, respectively. BRW plans to systematically test hundreds of new and outcropping S-type pegmatite targets across its portfolio.

Mr. Killian Charles, President and CEO of BRW, commented: "While we continue to focus our efforts into the Mirage Project, we are thrilled to start new, ambitious grassroots initiatives throughout Eastern Canada and Greenland. These initiatives are a core pillar of BRW's strategy and, as the lithium industry remains ripe for new discoveries, we will continue to leverage our exploration expertise to rapidly identify new targets and explore in sound jurisdictions."

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Brunswick Exploration Drills 69.3 Meters at 1.64% Li2o at Mr-6

Brunswick Exploration Drills 69.3 Meters at 1.64% Li2o at Mr-6

Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; " BRW " or the " Company ") is pleased to report the final results from the Mirage winter drilling campaign. The Mirage Project is located in the Eeyou Istchee-James Bay region of Quebec, approximately 40 kilometres south of the Trans-Taiga Road. The winter drill campaign focused on the Central Zone and has continued to intersect wide and well mineralized intervals within the MR-6 dyke.

Highlights include:

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CORRECTION - Brunswick Exploration Drills 93.45 Meters at 1.55% Li2O at MR-6

CORRECTION - Brunswick Exploration Drills 93.45 Meters at 1.55% Li2O at MR-6

Please note that on Wednesday, May 8th, Brunswick Exploration (TSX-V: BRW, OTCQB: BRWXF) issued the incorrect version of a press release under the same headline. The corrected release follows:

Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; " BRW " or the " Company ") is pleased to report more significant results from the Mirage winter drilling campaign. The Mirage Project is located in the Eeyou Istchee-James Bay region of Quebec approximately 40 kilometres south from the Trans-Taiga Road. The winter drill campaign focused on the Central Zone and has continued to intersect multiple wide and well mineralized intervals within the MR-6 dyke and its vicinity, where it remains open in all directions.

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Brunswick Exploration Drills 93.45 Meters at 1.55% Li2O at MR-6

Brunswick Exploration Drills 93.45 Meters at 1.55% Li2O at MR-6

Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; " BRW " or the " Company ") is pleased to report more significant results from the Mirage winter drilling campaign. The Mirage Project is located in the Eeyou Istchee-James Bay region of Quebec approximately 40 kilometres south from the Trans-Taiga Road. The winter drill campaign focused on the Central Zone and has continued to intersect multiple wide well mineralized intervals on the MR-6 dyke and its vicinity where it remains open in all directions.

Highlights include:

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Brunswick Exploration Drills 58.1 Meters at 1.59% Li2O Starting From Surface at Mirage

Brunswick Exploration Drills 58.1 Meters at 1.59% Li2O Starting From Surface at Mirage

Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; " BRW " or the " Company ") is pleased to report the first assays from the Mirage winter drilling campaign where it drilled an additional thirty-five holes. The Mirage Project is located in the Eeyou Istchee-James Bay region of Quebec approximately 40 kilometres south from the Trans-Taiga Road. The winter drill campaign focused on the Central Zone and has continued to intersect multiple wide, well mineralized intervals on the MR-6 dyke and its vicinity where it remains open in all directions.

Highlights include:

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Altech Batteries Ltd  Update on CERENERGY ABS60 Battery-pack Prototypes

Altech Batteries Ltd Update on CERENERGY ABS60 Battery-pack Prototypes

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to provide an update on the production of its CERENERGY(R) ABS60 BatteryPack prototypes. All 240 cells for the first ABS60 BatteryPack Prototype have now been fabricated, assembled and initialized at Fraunhofer IKTS Hermsdorf's pilot plant.

Highlights

- Prototype production is progressing well

- All CERENERGY(R) cells for the first 60 KWh Prototype completed

- Cell contacting system manufacturing finished and delivered

- Improved cell electrode design showing excellent results

- Cell quality tests by Fraunhofer delivering better than expected capacity

- Welding of cells to cell contacting system underway

- Completed modules will be mounted into ABS60 BatteryPack next week

To validate a homogeneous cathode material distribution, all cells were cycled through several testing stations at Fraunhofer IKTS Hermsdorf and Arnstadt.

IMPROVED CELL ELECTRODE DESIGN

During the fabrication of the two 60kWh CERENERGY(R) ABS60 BatteryPack prototypes, the Altech and Fraunhofer team made several design improvements to the cell's positive probe. These enhancements aimed to boost the cell's energy capacity and reduce the nickel content. The "V2" design of the positive probe allows for slightly faster charging and discharging while lowering the unit costs of the battery. Testing revealed that most cells had higher-than-expected energy capacities, an outstanding result that strongly supports the chosen electrode design. With all cells manufactured according to the series design and optimized processes, the best cells to date have been completed. The table below demonstrates that all the cells are meeting the expected specifications.

CELL CONTACTING SYSTEM COMPLETED

The Cell Contacting System (CCS) has undergone stringent testing and has now been completed and delivered by key supplier Hofer AG. The CCS was delivered to Fraunhofer IKTS in Dresden, where all parts of the modules will be collected to assemble each of the five modules. Each module contains 48 cells, that are currently being welded to the CCS by an external service provider.

After welding is completed, the ABS60 BatteryPack with its 60 kWh capacity can be completely assembled.

MODULE WELDING TRIALS

To guarantee the most time-efficient welding, a unique tool was designed and built at Xenon, which is responsible for welding and quality control across the 120 MWh battery plant. After completing the welding tool, it was shipped to an external laboratory, accompanied by a test module and several trial cells. The aim was to determine the best working parameters and to proof the handling of certain parts of the module.

The trials were successfully finished.

CELL MANUFACTURING PROGRESSING WELL

All 240 cells for the first ABS60 BatteryPack Prototype have been assembled and initialised at Fraunhofer IKTS, Hermsdorf. To validate a homogeneous cathode material distribution, all cells were cycled through several testing stations at Fraunhofer IKTS Hermsdorf and Arnstadt.

INTERIM CELL TESTING

At Fraunhofer IKTS in Hermsdorf, all cells were scanned using a unique X-ray microtomography device that enables the ability to look inside cells after they are hermetically closed. This is required to ensure the most homogeneous material distribution inside the cells as well as the best possible alignment of cell components e.g. electrode. The results have been excellent to date. Another quality assurance procedure involved cycling cells to ensure the electrical requirements and parameters are operating as designed.

MODULE WELDING AND BATTERYPACK ASSEMBLY

After every cell passed all quality checks, the modules containing the cells were shipped to the laboratory for welding onto the CCS. By using the predetermined parameters for welding, all modules have been successfully welded. After completion, the modules will be shipped to Fraunhofer IKTS, Dresden, where all five modules will then be mounted into the ABS60 BatteryPack and the first Prototype will be completed.

This will enable testing and demonstration to potential customers, to prove individual use cases for each customer.

ABOUT THE ABS60 - BATTERYPACK

The 60kWh Altech Battery Pack consists of five 12kWh modules with 48 cells each, mounted on top of each other and sealed in a thermal isolated stainless steel hood housing. The Battery management system is mounted at the base. To maintain thermal self-sufficiency, an insulation hood was designed, where the required heat of the system can be maintained inside the BatteryPack as long as possible, although the outer surface only has ambient temperature. This was achieved by using vacuum insulation. The base of each module is designed to accommodate folklift transport for easy mounting into the GridPack.

Commenting on the progress, MD and CEO Iggy Tan stated "Altech's team in Germany, together with its joint venture partner Fraunhofer, and with the assistance of key suppliers, have made excellent progress on the fabrication of two 60kWh CERENERGY(R) ABS60 BatteryPack prototypes. All components for the first BatteryPack have now been fabricated. Altech is now completing the welding of the cells to the Cell Contacting System, after which the five completed battery modules will be delivered to Fraunhofer IKTS in Dresden, where all five modules will be mounted into the ABS60 BatteryPack and the first ABS60 Prototype will be completed. The BatteryPack will then be available for testing and demonstration to potential customers, thereby assisting Altech in securing offtake and finance for the 120MWh CERENERGY(R) battery plant to be constructed on Altech's land in Germany".

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/O449B2I4



About Altech Batteries Ltd:

Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

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NextSource Materials Appoints Jaco Crouse as Chief Financial Officer

NextSource Materials Appoints Jaco Crouse as Chief Financial Officer

NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) ("NextSource" or the "Company") announces the appointment of Jaco Crouse as Chief Financial Officer (CFO) of the Company as part of its global growth strategy

Mr. Crouse today replaces Marc Johnson who has served as CFO since October 2015. Mr. Johnson will continue to provide consulting services to the Company to assist with the smooth transition of this role. The Board of Directors of the Company would like to thank Mr. Johnson for his service to the Company over the years and wishes him well in his future endeavours.

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Nevada Sunrise Signs Indicative Term Sheet to Sell Remaining Interest in the Kinsley Mountain Gold Project, Nevada

Nevada Sunrise Signs Indicative Term Sheet to Sell Remaining Interest in the Kinsley Mountain Gold Project, Nevada

Nevada Sunrise Metals Corp. (TSXV: NEV) (OTCBB: NVSGF) ("Nevada Sunrise" or the "Company") announced today that it has signed a non-binding, indicative term sheet with CopAur Minerals Inc. (" CopAur ") for CopAur to acquire Nevada Sunrise's remaining ownership interest in the Kinsley Mountain Gold Project in Nevada (" Kinsley Mountain "). If the transaction is completed, CopAur will own 100% of Kinsley Mountain .

Nevada Sunrise Metals Corporation Logo (CNW Group/Nevada Sunrise Metals Corporation)

The indicative term sheet outlines a potential transaction whereby CopAur would acquire Nevada Sunrises' 18.74% ownership interest in Kinsley Mountain in consideration of the payment of CDN$475,000 and the issuance of 1,000,000 common shares of CopAur (the "Shares"). The Shares would be deposited in escrow and released in successive releases of 250,000 Shares once every calendar quarter commencing after expiry of the four-month statutory hold period following the closing date. The terms of the transaction are indicative and the final terms are subject to the negotiation and completion of a definitive agreement on terms acceptable to Nevada Sunrise and CopAur. The transaction is subject to a number of conditions including CopAur arranging a financing in the amount of a minimum of CDN$475,000 , completion of satisfactory due diligence, and the fulfilment of various closing conditions, including acceptance by the TSX Venture Exchange.

About Kinsley Mountain

Kinsley Mountain was a historical past producer that yielded 138,000 ounces of near-surface, open-pit oxide gold between 1995 and 1999, and currently hosts a compliant National Instrument 43-101 mineral resource. A technical report on Kinsley Mountain entitled "Technical Report of the Kinsley Project, Elko and White Pine Counties, Nevada, U.S.A. ", dated June 21, 2021 , with an effective date of May 5, 2021 , prepared by Michael M. Gustin and Gary L. Simmons , is available for review under New Placer Dome Gold Corp.'s issuer profile on sedarplus.ca

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 lithium, gold and copper exploration projects located in the State of Nevada, USA .

Nevada Sunrise owns 100% interests in the Gemini, Jackson Wash and Badlands lithium projects, all of which are located in the Lida Valley in Esmeralda County, NV , and in the Pelican lithium project in Saskatchewan, Canada . The Company owns Nevada Water Right Permit 86863, also located in the Lida Valley basin, near Gold Point, NV.

Nevada Sunrise has the right to earn a 100% interest in the Coronado Copper Project , located approximately 48 kilometers (30 miles) southeast of Winnemucca, NV.

The Company owns an 18.74% interest in the Kinsley Mountain Gold Project near Wendover, NV , in a joint venture with CopAur, which is now the subject of a potential transaction between Nevada Sunrise and CopAur.

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: the completion of the potential transaction with CopAur Minerals Inc. for the purchase of the Company's remaining participating interest in the Kinsley Mountain Gold Project joint venture; reliance on technical information provided by third parties on any of our exploration properties; changes in project parameters as plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or 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 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 Six Months Ending March 31 , 2024,  which is available under Company's SEDAR profile at www.sedar.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.

SOURCE Nevada Sunrise Metals Corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2024/08/c5338.html

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CopAur Minerals Signs Indicative Term Sheet to Acquire Remaining 18.74% Interest in Kinsley Mountain Gold Project

CopAur Minerals Signs Indicative Term Sheet to Acquire Remaining 18.74% Interest in Kinsley Mountain Gold Project

CopAur Minerals Inc. (TSXV: CPAU) (OTCQX: COPAF) ("CopAur" or the "Company") is pleased to announce that it has signed a non-binding indicative term sheet with Nevada Sunrise Metals Corporation ("Nevada Sunrise") to acquire Nevada Sunrise's 18.74% ownership interest in the Kinsley Mountain Gold Project in Nevada ("Kinsley Project"). If the transaction is completed CopAur will own 100% of the Kinsley Project.

The indicative term sheet outlines a potential transaction whereby CopAur will acquire Nevada Sunrises' 18.74% ownership interest in the Kinsley Project in consideration of the payment of CDN$475,000 and the issuance of 1,000,000 common shares of CopAur. The shares will be deposited in escrow and will be released in successive releases of 250,000 shares once every calendar quarter commencing after expiry of the four-month statutory hold period after the closing date. The terms are indicative, and the final terms are subject to the negotiation and completion of a definitive agreement on terms acceptable to CopAur and Nevada Sunrise. The transaction will be subject to several conditions including CopAur arranging a financing in the amount of a minimum of CDN$475,000, completion of satisfactory due diligence and the fulfilment of various closing conditions, including acceptance by the TSXV.

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Lancaster Resources Engages KorrAI Technologies Inc. for Uranium Exploration Using AI Advanced Geospatial Solutions

Lancaster Resources Engages KorrAI Technologies Inc. for Uranium Exploration Using AI Advanced Geospatial Solutions

Lancaster Resources Inc. (CSE:LCR) (OTCQB:LANRF) (FRA:6UF0) ("Lancaster"), a North American lithium exploration company, is thrilled to announce the signing of a service agreement with KorrAI Technologies Inc. ("Korrai"), a pioneering artificial intelligence, earth systems modelling, and remote imaging company. This collaboration marks a significant step forward in Lancaster's mission to leverage cutting-edge technology to optimize and enhance its critical mineral exploration projects.

Under the terms of this agreement, KorrAI will provide Lancaster with advanced geospatial data products to identify field targets for sampling. This technology will be integral to Lancaster's exploration activities, specifically for uranium at the Catley Lake and Centennial East properties. The scope of KorrAI's work, as outlined in the contract, will include the identification and digitization of outcrop exposures from AI-based detection, mapping of iron oxide signatures, mapping and source vectoring of vegetation stress signatures, integrating geological and geophysical datasets, and the recommendation of exploration targets for field exploration and sampling programs.

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Coniagas Battery Metals Extends Private Placement

Coniagas Battery Metals Extends Private Placement

(TheNewswire)

Coniagas Battery Metals Inc.

Vancouver, BC July 3, 2024 TheNewswire Coniagas Battery Metals Inc. (TSXV: COS) announces that it has extended the final closing date of its previously-announced non-brokered private placement to July 31, 2024. As previously announced, the private placement consists of a maximum of 5,000,000 units at a price of $0.12 per unit for maximum gross proceeds of $600,000. Each unit will be comprised of one common share and one-half of a common share purchase warrant. Each full warrant will entitle the holder thereof to purchase one additional common share at a price of $0.15 for five years from the date of issuance.

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