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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(END) Dow Jones Newswires

January 18, 2024 02:00 ET (07:00 GMT)

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