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Share Price Information for Sunrise Res (SRES)

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Share Price: 0.065
Bid: 0.06
Ask: 0.07
Change: 0.0025 (4.00%)
Spread: 0.01 (16.667%)
Open: 0.0625
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Low: 0.0625
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TRADING UPDATES: Equals buys Roqqett; Aviva reappoints DWF

Mon, 09th Jan 2023 16:52

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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Team17 Group PLC - Nottingham, England-based video game development company and publisher of educational entertainment apps for children - Says trading in the year ended December 31 will be "at least" in line with market expectations. Adds that it will be providing a trading update in the week commencing January 16.

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Equals Group PLC - London-based payments firm for small and medium enterprises - Receives regulatory approval from the Financial Conduct Authority for the acquisition of open banking payments platform Roqqett Ltd. The acquisition is now complete. The acquisition includes an initial GBP1.0 million cash payment, followed by three deferred payments totalling GBP1.3 million. The deferred payments comprise one payment of GBP250,000 and two payments of GBP500,000, one of which is in cash while the other will be satisfied by the issue of shares in Equals at the price of 87.23 pence per share. Expects the acquisition to be earnings accretive in the medium term and will allow the company to "widen the addressable markets for its services as well as driving growth."

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Trident Royalties PLC - London-based mining royalty and streaming company - Notes Lithium Americas Corp announcement regarding Thacker Pass lithium project. Says the US District Court in Nevada reaffirmed that no additional hearings or briefings are required and it expects to issue a decision in the next couple of months. Trident holds a 60% interest in a gross revenue royalty over the entirety of the project; Lithium Americas is the project operator. Chief Executive Adam Davidson says: "Thacker Pass is a critical project for the USA to establish a robust battery metal supply chain. It is also a cornerstone asset within our portfolio and provides battery metal exposure and significant future revenues."

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DWF Group PLC - Manchester, England-based legal business with operations in North America - Says it has been reappointed to Aviva PLC's core legal panel. Under the agreement, DWF will provide a "broader" range of services to meet Aviva's requirements in England & Wales, Scotland, Northern Ireland and globally where required. The panel reappointment is effective immediately and is for a minimum period of three years. DWF Global Head of Insurance Glyn Jones: "We have worked with Aviva for many years and are very pleased that through this latest reappointment we will now be able to provide an expanded range of services, reflecting the breadth of expertise and quality of delivery in our insurance business."

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Kazera Global PLC - diamond and rare earths explorer in South Africa and Namibia - Receives further cleared funds of USD716,265 from Hebei Xinjian Construction. In December, Kazera signed a definitive agreement to sell its 100% interest in African Tantalum (Proprietary) Ltd to Hebei Xinjian Construction for USD13.0 million. Kazera has now received USD1.7 million to date. Complete operational control has now passed to Xinjian, with Xinjian responsible for ongoing costs and retaining revenue from operations save for a 2.5% royalty to be paid to Kazera in perpetuity. "The receipt of this further payment is another positive gauge of Xinjan's confidence in the asset and highlights the positive working relations between the two parties in the transition and we are pleased to have now transferred operational control. The buyers are now well ahead of the payment schedule, and we look to continue this strong track record through to completion of the sale," says Chief Executive Dennis Edmonds.

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Anglo Asian Mining PLC - London-based gold, copper and silver producer focused on Azerbaijan - Makes third investment TSX-listed Libero Copper & Gold Corp to buy 2.6 million shares at 15 Canadian cents each, for a total of CAD390,000, or USD289,000. The investment maintains Anglo Asian's 19.8% holding in Libero, which owns or has the right to acquire several copper exploration properties in North and South America. Chief Executive Reza Vaziri says: "We are pleased to make a third investment in Libero in little over a year. With an exciting range of significant copper assets across the Americas, and an experienced management team, we have the upmost confidence in Libero to develop these assets in a swift and responsible manner."

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Sunrise Resources PLC - Macclesfield, England-based mine developer with operations in Nevada, US - Says Tolsa USA Inc has staked additional claim at the company's Pioche Sepiolite Project following its recent trenching programme and decision to move to a resource drilling programme in Spring 2023. Tolsa is the US subsidiary of Madrid-based sepiolite producer Tolsa SA. Says additional mining claims stake to more than double the size of the Pioche Sepiolite project area. Sunrise says that Tolsa is required to make a payment of USD50,000 to the company to continue its option to purchase the Pioche Sepiolite project in Nevada, US for 12 months. This means that Tolsa can purchase the Pioche project for USD1.3 million by December 28, 2023. It is also required to pay Sunrise a 3% royalty.

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By Sophie Rose, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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16 Nov 2020 17:52

IN BRIEF: Sunrise Resources Continues To Progress CS Project

IN BRIEF: Sunrise Resources Continues To Progress CS Project

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16 Nov 2020 12:10

Sunrise Resources makes progress in Nevada and Australia

(Sharecast News) - Sunrise Resources updated the market on a number of its projects on Monday, reporting that at the CS Pozzolan-Perlite Project in Nevada, the processing of a 100-ton bulk sample of perlite had been completed successfully.

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9 Nov 2020 14:35

Sunrise Resources describes 'poor recovery' at Clayton project

(Sharecast News) - Sunrise Resources said on Monday that it has completed the planned drill hole at its Clayton Silver-Gold Project in the Walker Lane Mineral Belt of Nevada, describing poor recovery.

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9 Nov 2020 11:39

Sunrise Resources Notes "Very Poor" Recovery From Clayton Drilling

Sunrise Resources Notes "Very Poor" Recovery From Clayton Drilling

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27 Oct 2020 10:44

Sunrise Resources Expects CS Project To Start Production In 2021

Sunrise Resources Expects CS Project To Start Production In 2021

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16 Sep 2020 10:44

Sunrise Resources Granted Third And Last Key Permit For CS Project

Sunrise Resources Granted Third And Last Key Permit For CS Project

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16 Sep 2020 10:00

Sunrise Resources gets last of three permits for Nevada's CS Project

(Sharecast News) - Sunrise Resources announced on Wednesday that the air quality operating permit (AQOP) for the operation of a mineral processing plant for its CS Pozzolan-Perlite Project in Nevada has been granted by the Nevada Division of Environmental Protection.

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2 Sep 2020 17:31

IN BRIEF: Sunrise Resources Gets Greenlight For Nevada Project

IN BRIEF: Sunrise Resources Gets Greenlight For Nevada Project

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27 Aug 2020 15:01

UK TRADING UPDATE SUMMARY: BATM Gets First Tier One NFVTime Customer

UK TRADING UPDATE SUMMARY: BATM Gets First Tier One NFVTime Customer

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24 Aug 2020 10:50

Sunrise Resources raises £1m for Nevada mine

(Sharecast News) - Sunrise Resources has raised £1m before expenses to develop its core mining project in Nevada and for other purposes.

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24 Aug 2020 10:48

REPEAT: Sunrise Resources Raises GBP1 Million In Share Offer

REPEAT: Sunrise Resources Raises GBP1 Million In Share Offer

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24 Aug 2020 10:47

Sunrise Resources Raises GBP1 Million Though Placing And Broker Option

Sunrise Resources Raises GBP1 Million Though Placing And Broker Option

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18 Aug 2020 18:06

IN BRIEF: Sunrise Resources CS Mine Permit Faces No Appeals

IN BRIEF: Sunrise Resources CS Mine Permit Faces No Appeals

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5 Aug 2020 19:16

UK TRADING UPDATE SUMMARY: Regional REIT Valuation Dips In First Half

UK TRADING UPDATE SUMMARY: Regional REIT Valuation Dips In First Half

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5 Aug 2020 08:54

Sunrise Resources gets go-ahead from Nevada mining regulator

(Sharecast News) - Sunrise Resources announced on Wednesday that the Nevada Bureau of Mining Regulation and Reclamation (BMRR) had issued its notice of final decision to grant the required mine reclamation permit at the CS Project.

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