Sunrise Resources plc said it had held multiple meetings with existing and new parties interested in the company’s CS natural pozzolan-perlite project in Nevada, USA.
DISCUSSIONS
The news comes after negotiations ended in March on a potential joint agreement for the project.
Sunrise’s recent meetings included those with two cement & ready-mix companies, one major fly-ash distributor, a large building materials company, and a new cement clean-tech company.
The company added that interested parties had conducted due-diligence field visits.
“These discussions continue and the chairman’s recent trip to the US enabled these to be
advanced and site visits to be undertaken with certain parties,” said Sunrise in a statement.
“Management believes a broad reach of discussions helps mitigate project risk and creates
competitive interest.”
NET ZERO
Executive chairman Patrick Cheetham said that Sunrise was “ahead of the curve on natural pozzolan, with one of the few fully permitted and undeveloped natural pozzolan deposits in the western US”.
“We have achieved this on a project spend of less than £1.5 million to date.
“Globally, over 4 billion tonnes of cement are produced every year and this results in 8% of man-made CO2 emissions.
“The industry in the US is committed to net-zero emissions and our recent discussions have underlined the role of natural pozzolan in meeting these targets.
“We continue to be confident that a partner will be found to ensure development of our pozzolan projects and the continuing expansion of our interests in natural pozzolan where there is a compelling business case.”
Mr Cheetham added that there was a surge of interest in natural pozzolan from traditional cement and concrete companies, building materials suppliers, and new generation clean-tech cement companies.