Sunrise Resources raises new capital to support progress at CS project
"We are pleased to welcome new shareholders to our register which share the board's vision for the company."
Company
LON:SRES
Sunrise Resources PLC aims to develop profitable mining operations at the CS Pozzolan-Perlite Project in Nevada, USA and unlock the value inherent in its diverse portfolio of industrial minerals, precious metals and base metal projects.
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"We are pleased to welcome new shareholders to our register which share the board's vision for the company."
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"The favourable results from our baseline environmental studies will facilitate a smooth permitting process and the regulatory process is on track"
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The UK's premier index of leading shares closed at 7,573 - down around 20 points. FTSE 250 closed down around 12
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Annual offtake tonnages specified in the two MOUs exceed the expected perlite production when operations get underway.
Investments and investor services
In the currency market, sterling was down 0.48% against the Euro, while it lost 0.28% against the US dollar.
The market for horticultural grades of perlite is particularly strong, Sunrise said, with market growth being driven in part by the growth in the legal cannabis market in parts of the USA
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