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Sunrise Energy Metals Ltd SREMF

Metals & Mining Industrial Metals & Minerals
Sunrise Energy Metals Limited is an Australia-based company engaged in the development of its Sunrise Battery Materials Complex (Sunrise Project) in New South Wales (NSW). The Sunrise Project is a supplier of battery raw materials and aluminum-scandium alloys. It is utilizing its Clean-iX resin technology for extraction and purification of a range of metals and progressing exploration activities at its other mineral tenements. Its Clean-iX Continuous Resin-In-Column is a continuous counter-current process that extracts metals from clarified leach solutions. Its Clean-iX Continuous Resin-In-Pulp is a continuous countercurrent process that directly extracts metals from leached pulps. It is advancing activities across its range of exploration assets in NSW. Its limestone exploration includes Hunters (EL9627), EL8883 Meloola and EL8833 Boona Gap, Gleninga South (EL9598) and Gleninga (EL8882). It also focused on rare earth elements exploration, which includes Minore (EL9031 and EL8961).


OTCQX:SREMF - Post by User

Sunrise Energy Metals Ltd
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(16)
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Comment by edmedon Jul 22, 2014 2:41pm
144 Views
Post# 22770670

RE:RE:RE:RE:RE:RE:RE:RE:RE:Who are they going to sell tech grade too.....

RE:RE:RE:RE:RE:RE:RE:RE:RE:Who are they going to sell tech grade too.....
The question is not whether they will ever be able to make the stuff...they obviously can make at least technical grade which if shipped would change the present crisis significantly.

The question is WHERE IS THE MONEY GOING TO COME FROM FOR THE NEXT 5 MONTHS UNTIL THEY CAN GET INTO FULL PRODUCTION.

They will probably need between 20-40 mil dollars according to the past burn rate.

Any comments out there about the Quebec government lending a hand here and bankrolling them?
These are good long term jobs at risk and they have already ponied up money years ago.....
Also is it not better for the Chineese to lend a hand here since things are so close to production and this is really a small amount of money when you factor in what it took to get to this stage...
makes no sense for them to just walk away from this company and let it go bankrupt...
I highly doubt they would be able to buy it themselves in Quebec....and would have to deal with an entirely new entity .....equals risk for them.

any comments would be appreciated
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