Australia's Sunrise Energy climbs on grant for project development

Sunrise Energy Metals

20/12/2022 24:05

** Shares of battery material supplier Sunrise Energy
 SRL.AX  rise as much as 5.3% to A$2.080, on track for their
best day since Dec 2 
    ** Says its application for a A$10 mln ($6.70 mln) grant in
support of the ongoing development of the Sunrise Battery
Materials Project in News South Wales has been conditionally
approved by the regional department there  urn:newsml:reuters.com:*:nASX29lndg
    ** Stock hits highest since Dec 8 
    ** SRL up 10.6% this year as of last close 
($1 = 1.4916 Australian dollars)
 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))