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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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Comment by Oregonduckon Apr 11, 2015 4:07pm
263 Views
Post# 23620038

RE:RE:RE:RE:RE:Hale Captial

RE:RE:RE:RE:RE:Hale Captial
edmed wrote:
thanks for the info

I suppose they felt that since the mine is already built and the reserve proven it does not matter who owns it as long as it gets back up and running, which I am sure it will under the new owners whoever that will be.

what a sad reality


The Quebec Govt. had already guaranteed about $60 million of RBI's Scotiabank loans. They aren't going to plough more good money after bad since they will to honor their guarantees and take a major write off. In addition, there would be no incremental benefits to the project except to save some jobs if the business is able to keep going. There is a chance that the Lundins would buy out the fixed assets at 10 cents on the dollar - as a major stake holder the court might approve it if it is superior to the low ball bids rejected by RBI creditors. No matter what, it is a sad end for common shareholders.
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