31st May 2023 14:11
Sunrise Resources PLC - mineral project developer in US state of Nevada - Loss for the six months ending March 31 narrows slightly to GBP145,911 from GBP153,323 a year before. Has no operating revenue in either period. Sunrise says its CS pozzolan-perlite project in Nevada is shovel-ready, and the company has a first-mover advantage. Test mining for its Hazen pozzolan project in Nevada is complete, it says, and the pozzolan is free digging. Sunrise says it expects to secure additional funding when required to continue meeting corporate overheads and exploration costs for the foreseeable future.
"2023 may prove to be a pivotal year, as the cement companies react to the realities of climate-change legislation," says Chair Patrick Cheetham. "In the longer term we see the potential to build up a valuable portfolio of mining royalties from the sale of other projects held by the company. We continue to add our project interest where opportunities are presented at low cost."
Current stock price: 0.088 pence, down 1.9% in London on Wednesday
12-month change: down 26%
By Will Neill, Alliance News reporter
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