Pershing Resources Company, Inc. (OTCPK:PSGR) signed an agreement to acquire Arizona Property in South of New Enterprise Project on January 29, 2021. In a related transaction, Pershing Resources acquired 2 additional new properties. 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.