REG - Sunrise Resources - Pioche Sepiolite Project

Sunrise ResourcesAnnouncement

18/01/2024 07:00

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RNS Number : 0719A  Sunrise Resources Plc  18 January 2024

18 January 2024

 

 

SUNRISE RESOURCES PLC

("Sunrise" or the "Company")

 

Pioche Sepiolite Project

 

Further to its announcement of 27 December 2023, Sunrise Resources plc wishes
to advise that the option extension fee of US$100,000 has been received from
Tolsa USA, Inc. ("Tolsa") and Tolsa's option to purchase the Company's Pioche
Sepiolite Project for the increased amount of US$1.4 million is therefore
extended to 28 December 2024.

 

In the event that the purchase option is exercised by Tolsa, the Company will
retain a 3% ad velorem royalty on future production of sepiolite.

 

 

Further information:

 Sunrise Resources plc                  Tel: +44 (0)1625 838 884

 Patrick Cheetham, Executive Chairman
                                        Tel: +44 (0)207 628 3396

 Beaumont Cornish Limited

 Nominated Adviser

 James Biddle/Roland Cornish
                                        Tel: +44 (0)207 469 0930

 Peterhouse Capital Limited

 Broker

 Lucy Williams/Duncan Vasey

 

Shares in the Company trade on AIM. EPIC: "SRES".

Website: www.sunriseresourcesplc.com (http://www.sunriseresourcesplc.com)

 

 

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