Pershing Resources Company, Inc. (OTCPK:PSGR) has signed an agreement to acquire A new property in northwestern Arizona on January 29, 2021. In a related transaction, Pershing Resources has signed an agreement to acquire new additional new properties and issued combined 0.5 million restricted shares of the Company's common stock and, a four percent net smelter return royalty on any production achieved during the life of the project. Pershing has the right, but not the obligation, to buy back one percent of the NSR within the first five years of the agreement at a purchase price of $1 million and additional one percent of the NSR at a purchase price of $2 million within the first 10 years of the agreement thereby potentially reducing the 4% percent NSR to 2% percent.