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Sunrise Energy Metals Ltd SREMF

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

Bullboard Posts
Comment by Oregonduckon Apr 15, 2015 1:53pm
201 Views
Post# 23632794

RE:RE:RE:RE:The Plan

RE:RE:RE:RE:The Plan
nookiewookie wrote: Oregon

Lundin personally lost $60 mill in the finance deal Sirocco way. They way they abandoned ship made me think they won't be back. This has been a scab on their face so I doubt they will have another go. Enough has been thrown at it, it seems the plan was battery grade but Tech grade is the limit within the realms of opex.

The Lundins will surely have spotted what others are doing in the sector. I anticpate SQM will take out the iodine mine and mothball it.


Nookie: I'm not so sure Lukas Lundin & Richard Clark will let this ship sink to the bottom of the sea & not attempt to salvage it. They didn't before because of the large debts that RBI couldn't service with no production & revenue source. They ran out of money. Don't forget shareholders (Canada Lithium & Sirocco Mining) had sunk around $300 million into the combined operation. Lukas Lundin can pump another $25/30 million into the business wiping out all legacy debts, i.e., with creditors converting their debts into shares of RBI (Newco) on a pro-rata basis, and gets the assets for a song. RBI's business model could be viable given extra time to produce battery-grade lithium with no debts to service. The Quebec plant could be up and running with no cap. costs to incur, and the iodine plant could be disposed of when prices recovered.
Bullboard Posts