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Sunrise Resources on track for CS permit as cannabis interest rises

“The latest United States Geological Survey commodity summary shows a growing market for perlite with a 12% annual rise in US consumption in 2018 and a 22% rise over 2015, driven in part by increased use of perlite in the expanding cannabis market in North America."

Sunrise Resources PLC - Sunrise Resources on track for CS permit
Cannabis growers are taking a keen interest in Sunrise's perlite

Sunrise Resources PLC (LON:SRES) remains on track to have a permit in place its CS perlite and pozzolan mine in Nevada by the end of the year.

An Environmental Assessment is nearly complete said the AIM-listed group, which includes a new requirement for mining applications of a hydrological baseline study.

Interest in its perlite is so strong that Sunrise intends to process a 100-ton bulk sample currently on-site to provide additional samples of crushed and screened horticultural grade raw perlite.

Patrick Cheetham, executive chairman, added there was strong interest from attendees of the Perlite Institute Annual Meeting last week.

“The latest United States Geological Survey commodity summary shows a growing market for perlite with a 12% annual rise in US consumption in 2018 and a 22% rise over 2015, driven in part by increased use of perlite in the expanding cannabis market in North America."

Quick facts: Sunrise Resources PLC

Price: 0.25 GBX

AIM:SRES
Market: AIM
Market Cap: £9.19 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