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The latest announcement is out from Sunrise Resources ( (GB:SRES) ).
Sunrise Resources has received a comprehensive data package from Tolsa detailing exploration work and results at the Pioche Sepiolite Project in Nevada. The findings indicate extensive sepiolite beds with high purity up to 92%, though further drilling is required to define the outer limits of the deposit. The project’s timing is advantageous due to increased demand for sepiolite in the oil and gas drilling market, coupled with environmental threats to the only other U.S. sepiolite producer. This positions Sunrise for potential market entry as interest grows in the Pioche Project.
More about Sunrise Resources
Sunrise Resources plc is engaged in the exploration and development of mineral projects, with a focus on specialty clays such as sepiolite. The company operates primarily in the United States, with its Pioche Sepiolite Project located in Nevada.
YTD Price Performance: -20.0%
Average Trading Volume: 8,136,241
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.24M
See more insights into SRES stock on TipRanks’ Stock Analysis page.
