Sunrise shares rise on outcome of CS Project comment period

Sunrise Resources confirmed a positive outcome from the public comment period on the environmental assessment for its CS Perlite-Pozzolan Project in Nevada on Wednesday.

The AIM-traded firm said the 30-day period closed on 15 June, with the lead regulatory agency - the Bureau of Land Management - allowing a further seven-day period for the receipt of postal submissions made on or before that date.

That extended period closed on 22 June.

Sunrise noted that three comments were received, with all three being federal and state agency comments “of a minor nature”, that would be addressed by small edits to the environmental assessment.

Responses to the comments would also be provided as an appendix to the final assessment.

There were no public comments or comments from non-governmental organisations, the company confirmed.

It explained that, once the comments on the environmental assessment were addressed and an updated assessment submitted, it would then await the issue of the decision record and ‘finding of no significant impact’ from the Bureau of Land Management, being the final approvals in the bureau’s permitting process.

“This is good news for the CS Project and, we believe, reflects the limited impact of the project on the local environment, the mitigation measures we have proposed and the significant contribution that the use of natural pozzolan makes to a net reduction in carbon emissions,” said executive chairman Patrick Cheetham.

At 1324 BST, shares in Sunrise Resources were up 7.06% at 0.17p.