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Sunrise Resources signs MOU for first sales of perlite from CS project

Patrick Cheetham, executive chairman of Sunrise Resources Plc (LON:SRES), tells Proactive's Andrew Scott they've signed a non-binding memorandum of understanding (MOU) that will pave the way for the first sales of perlite from its CS Pozzolan-Perlite project in Nevada, USA.

Cheetham says under the terms of the MOU the parties would negotiate a purchase and sales agreement to sell/buy a minimum quantity of raw perlite over a specified period.

Quick facts: Sunrise Resources PLC

Price: 0.26 GBX

AIM:SRES
Market: AIM
Market Cap: £9.56 m
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Sunrise Resources chairman hails mine permit for CS perlite-pozzolan project

Sunrise Resources PLC's (LON:SRES) Patrick Cheetham speaks to Proactive's Polly Middlehurst soon after securing a mine permit for the CS perlite-pozzolan project in Nevada, USA. The development means the project can move into the trial mining stage, along with advancing detailed engineering...

on 30/7/20

2 min read