Metals & Minerals News

Tolsa continues Pioche sepiolite option deal

Posted on Author editorial Comment(1)

Sunrise Resources plc reported that, following positive trenching results, Tolsa USA Inc will continue the option agreement to acquire the Pioche sepiolite project in Nevada, USA.

EVALUATION WORK

In June 2022, Sunrise granted the Spanish group’s subsidiary an exclusive option to buy the asset for $1.25 million in cash. 

Tolsa began trenching work in October and now plans a resource definition drilling programme, further industrial testing and feasibility studies.

Sunrise said that the trenching programme demonstrated continuity of the sepiolite beds mapped at surface.

Tolsa will pay Sunrise the required interim payment of $50,000 to continue its purchase option for 12 months.

Executive chairman Patrick Cheetham added that Tolsa had said that the project had the highest priority within the Tolsa Group.

Related Articles
Company Moves News Oil & Gas

Baron Oil appoints Keith Bush as NED

Posted on Author editorial

Baron Oil plc has appointed Keith Bush as an independent non-executive director, with immediate effect. Mr Bush has a petroleum background and worked for more than 30 years in the energy industry. He spent six years with Amerada Hess Ltd followed by five years with Burlington Resources. Mr Bush then held senior management positions with […]
News Oil & Gas

Swing to a loss still leaves Prospex on ‘sound footing’

Posted on Author editorial

Prospex Energy plc’s swing to a loss has failed to dent its optimism with the start of gas production in the Po Valley and approvals pending for more wells in Italy and Spain. FINANCES Half-year results to 30 June showed £888,473 loss after taxation from operations (H1 2022: profit £5,120,408).  The figures includes unrealised losses of […]
Company Moves News Oil & Gas

Hurricane Energy appoints Juan Morera as board NED

Posted on Author editorial

Hurricane Energy plc has appointed Juan Morera to the board as a non-executive director with immediate effect. The move follows a request from shareholder activist investor Crystal Amber Fund Ltd. Mr Juan Morera Calveras (Juan Morera), aged 39, is a CFA qualified investment analyst with more than 10 years’ experience. He currently works as an […]

One Reply to “Tolsa continues Pioche sepiolite option deal”

  1. Pingback: Tolsa doubles Sunrise Resources' Pioche claims to projected sepiolite extensions - Extractive Industries

Comments are closed.