Sunrise Resources plc has agreed an option to sell its non-core Hazen pumice project in Churchill County, northern Nevada, USA. TALKS If the 90-day option with a “large US based company” is exercised Sunrise will receive US$800,000 cash. The company receives S$20,000 on signing the option agreement. The option can be extended for up to […]
Tag: Sunrise Resources plc
Sunrise extends repayment of convertible
Sunrise Resources plc has secured an 18-month extension to the second convertible security, due to mature on 7 June 2025, with holder Convertible Net Zero. FLEXIBILITY The outstanding balance of £123,000 is now due to convert into ordinary shares in full on 7 December 2026. Among other amendments, Sunrise agreed the option to make interest […]
Sunrise positive on test results for Pioche sepiolite
Sunrise Resources plc said it had positive evaluation tests for commercial production on samples from its Pioche sepiolite clay project in Nevada, USA. MARKET The tests simulated processing methods with results comparing “very favourably” with commercially available sepiolite in the US, confirming the “commercial potential” of the large Pioche deposits. The results also identified “higher […]
Sunrise NED Roger Murphy steps down
Sunrise Resources plc non-executive director Roger Murphy has stepped down after nearly nine years in the post. Mr Murphy had been a non-executive director of the company since May 2016, during which time he served as chairman of the remuneration committee. “The QCA Code* recommends that non-executive directors do not serve more than nineyears and […]
Sunrise appoints Adam Hainsworth as NED
Sunrise Resources plc has appointed Adam Hainsworth as a non-executive director, effective from 14 March 2025 the day following the company’s general meeting. Mr Hainsworth trained as a chartered accountant and is a “longstanding and significant” shareholder in the company. He has commercial and transactional experience having spent the majority of his career at his […]
Sunrise notes ‘extensive’ sepiolite beds at Pioche
Sunrise Resources plc has identified “extensive sepiolite beds” based on exploration data now received from its former earn-in partner Tolsa at the Pioche sepiolite project in Nevada, USA. TARGETS The Spanish company’s work since June 2022 included geological mapping, trenching, surface sampling, 20 auger drill holes, 10 sonic drill holes and specialist testing results for […]