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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: 0.1066 GBX

AIM:SRES
Market: AIM
Market Cap: £3.51 m
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