Sunshine Oilsands (HK:2012) has released an update.
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Sunshine Oilsands Ltd. continues to focus on its significant oil sands assets in Alberta, Canada, despite financial challenges and a current cash reserve of $0.55 million. The company has invested $1.29 billion in its West Ells project, which resumed operations in 2022 after a temporary suspension. Sunshine plans to expand its production capacity when financing is available, highlighting its growth potential in the oil sands market.
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