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Sunrise Resources continues to focus all efforts to land Nevada permits

“Our commitment to bringing the CS Project into profitable production remains our priority and this will be the focus of our efforts over the coming months.”

Sunrise Resources PLC - Sunrise Resources continues to focus all efforts to land Nevada permits

Sunrise Resources PLC (LON:SRES) noted that its progress hasn’t been impacted by the coronavirus (COVID-19) as it has spent the period focussing all its efforts on the permitting on the CS Pozzolan-Perlite Project in Nevada.

Earlier this month, the company delivered a key milestone as the US Bureau of Land Management (BLM), has now released the project’s environmental assessment (EA) for public comment. 

It marked the culmination of a two-year endeavour and is the final stage of permitting.

READ: Sunrise Resources advances in permitting process

“The environmental impacts set out in the EA are considered to be largely minor, or negligible,” the company said in its half yearly report.

“The public comment period will end on June 15, 2020 after which the BLM will address any substantive comments and amend the EA if necessary and issue its permitting decision.

“We anticipate a ‘Finding of No Significant Impact’ (FONSI) which will permit mining to proceed subject to the issue of the State Reclamation Permit and the lodgement of the appropriate reclamation bond and other routine permits.”

It added: “Our next objective is to initiate first production of perlite and natural pozzolan for larger scale customer trials as soon as possible with the expectation that this will transition to commercial production in due course on the commitment of potential customers to sales contracts and appropriate funding.”

Quick facts: Sunrise Resources PLC

Price: 0.285 GBX

Market: AIM
Market Cap: £9.46 m

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