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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Comment by Oregonduckon Mar 23, 2015 3:37pm

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Post# 23551854

RE:RE:RE:SQM in trouble, hard rock, catippilar, and digging!!!

nookiewookie wrote: 4 more companies have now applied for a temporay lift of the stay of proceedings. Is this standard procedure pre bids coming in?

https://www.kpmg.com/ca/en/services/advisory/transactionrestructuring/creditorlinksites/rb-energy-inc-quebec-lithium-inc-et-al/pages/default.aspx

Nookie, RBI is currently under CCAA proceedings and creditors are estopped and can't sue or seize assets. However, CAT & others are petitioning the court for relief to seize the "leased" equipment which are not owned by RBI. It doesn't look good for the bids. The stock price (RBEIF) says the Co. is dead at 1.5 cents.

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