GNCC Capital Inc (GNCP)

[Eli's Gone]

This is the sub that has the "lithium" deal with AMLM (initial obligations still have not been paid according to latest available filings)...

https://www.otcmarkets.com/otcapi/company/financial-report/378716/content

USAL originally was a GNCP sub but they pulled the plug and stuffed it into PDIV when GNCP went no bid violating one of their magical loan covenants..

poof...musical chairs and shares--when the music stopped, GNCP didn't have a chair...

https://www.otcmarkets.com/otcapi/company/financial-report/401474/content
pg 7

Joint Venture with Premier Development & Investment, Inc.
On March 15, 2022, the Company entered into an Earn-In Agreement with USA Lithium Holdings Corporation
(“LH”), a subsidiary of Premier Development & Investment, Inc. (“PDIV”), under which LH must make total
payments of $75,000 to obtain a 10% undivided interest in 35 unpatented placer mining claims and 24 unpatented lode
mining claims comprised of approximately 1,165 acres near Tonopah, Nevada, commonly known as the Silverpeak
Lithium Project. The $75,000 is payable $30,000 within 18 days after signing and $45,000 within 45 days after signing.
LH has the option to increase its ownership interest by an additional 50% by a total payment of $1,300,000 for
exploration and development costs over a three-year period. This transaction has not yet been recognized for financial
reporting purposes as $50,000 of the upfront payments had not yet been made. The Agreement was amended on June
28, 2023 to reflect the change in control of LH and to lengthen the earn-in period by approximately 15 months. This
was necessary as the former president of LH became seriously ill shortly after the agreement was signed and ultimately
passed away during the quarter ended June 30, 2023. The new president of LH has indicated that the company desires
to continue with the Silverpeak Project. During the year ended September 30, 2023, the Company received $13,455 in
reimbursement of land expenses from PDIV in connection with the Silverpeak Lithium Project.