Sunrise Resources (GB:SRES) has released an update.
Sunrise Resources plc has announced that Tolsa S.A., the world’s largest sepiolite producer, plans to start drilling and trenching at the Pioche Sepiolite Project in Nevada, USA, in July 2024. If Tolsa chooses to purchase the project by December 2024 for US$1.4 million, Sunrise will gain a 3% revenue-based royalty from future production. Executive Chairman Patrick Cheetham expressed optimism about the project’s potential to serve North America’s large sepiolite market.
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