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.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 28 placees including existing insider involvement of 3 insiders for 230,180 and pro group involvement of one pro group for 100,000.

The company has received CAD 386,000 pursuant to Regulation D. The transaction included participation from 10 investors.