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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 LadyJane6on Apr 17, 2015 7:21am
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Post# 23639520

RE:RE:RE:RE:Application to extend Sales Process

RE:RE:RE:RE:Application to extend Sales Process
nookiewookie wrote: Has there been some dirty tricks here, and the interim lender has been screwed over, or was it all up front and known to all parties. We have all been looking at the inventory as an inventory cash pot, but it now seems it never was. Tewoo have had their name on it all along to recover their up front payments


I had the same question about Tewoo. Upon second reading, I think it was known upfront. Refer to article 29: The Monitor is informed that, notwithstanding provisions contained in the Amended Initial Order regarding the priority of the Interim Lender Charge, it was negotiated between the Petitioners and the Interim Lender that the Interim Lender Charge would not have priority over the security granted to Tewoo, which is resident in the People’s Republic of China. Accordingly, Tewoo was not served with the motion materials seeking the various Court-ordered charges. Tewoo has now retained Canadian counsel and such counsel has received notice of the Petitioners’ motion.
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