Sunrise Resources (GB:SRES) has released an update.
Sunrise Resources plc has announced the commencement of Phase 2 drilling at their Pioche Sepiolite Project in Nevada, USA, following approval from the United States Bureau of Land Management. The operation, managed by Tolsa USA, Inc., aims to expand the known sepiolite deposits and includes an option for Tolsa to purchase the project for $1.4 million by December 2024, with Sunrise retaining a 3% royalty on future production.
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