Sunrise Resources Plc Pioche Sepiolite Project (0719A)
January 18 2024 - 2:00AM
UK Regulatory
TIDMSRES
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
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