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Sunrise Resources secures 2nd off-take deal for Nev. perlite project

Sunrise Resources PLC signed a second nonbinding memorandum of understanding for the potential supply of perlite from its CS pozzolan-perlite project in Nevada.

The company said June 4 that, similar to the nonbinding off-take agreement it signed in late April, the identity of the potential customer is being kept confidential for commercial reasons.

"This second MOU is particularly important as the current value of the combined minimum annual off-take tonnages of perlite specified in the two MOUs exceeds that targeted for the start-up of perlite production in the company's internal concept study and so provides additional confidence as we continue with our test work, mine planning and permitting at the CS project," Sunrise Resources Executive Chairman Patrick Cheetham said.