Sunrise Resources (SRES)

Sector:

Mining

Index:

FTSE AIM All-Share

 0.048p
   
  • Change Today:
      0.000p
  • 52 Week High: 0.11
  • 52 Week Low: 0.035
  • Currency: UK Pounds
  • Shares Issued: 4,275.31m
  • Volume: 52,686
  • Market Cap: £2.03m

Sunrise seeks approval for pozzolan on California transport projects

By Josh White

Date: Wednesday 11 May 2022

LONDON (ShareCast) - (Sharecast News) - Sunrise Resources said on Wednesday that it has applied to the California Department of Transport (Caltrans) for conditional approval of CS natural pozzolan for use in infrastructure projects in the state.
The AIM-traded firm said Caltrans' standard specifications for concrete mandate the use of supplementary cementitious materials (SCMs) such as natural pozzolan, to improve the durability and sustainability of its concrete structures.

In order for a construction material to be used in a Caltrans project, it needs to be officially approved and listed on the department's list of authorised materials.

To be listed, a material must be commercially available with six months of test data from production.

However, the company said it recently became possible for new sources of construction materials to be approved on a conditional basis if it met certain specifications.

Caltrans would test the CS natural pozzolan against those specifications, with Sunrise saying it was "confident" that its pozzolan would meet them based on its own independent testing under the standards.

"We are targeting the California markets with our CS natural pozzolan and, as Caltrans projects account for a significant percentage of SCM and concrete consumption in California," said executive chairman Patrick Cheetham.

"Acceptance of CS pozzolan onto the authorised materials list is an important step to maximise futures sales of our natural pozzolan."

At 1223 BST, shares in Sunrise Resources were up 4.44% at 0.14p.

Reporting by Josh White at Sharecast.com.

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SRES Market Data

Currency UK Pounds
Share Price 0.048p
Change Today 0.000p
% Change 0.00 %
52 Week High 0.11
52 Week Low 0.035
Volume 52,686
Shares Issued 4,275.31m
Market Cap £2.03m

SRES Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
30.17% above the market average30.17% above the market average30.17% above the market average30.17% above the market average30.17% above the market average
34.33% below the sector average34.33% below the sector average34.33% below the sector average34.33% below the sector average34.33% below the sector average
Price Trend
78.84% below the market average78.84% below the market average78.84% below the market average78.84% below the market average78.84% below the market average
47.22% below the sector average47.22% below the sector average47.22% below the sector average47.22% below the sector average47.22% below the sector average
Income Not Available
Growth Not Available

SRES Dividends

No dividends found

Trades for 15-May-2024

Time Volume / Share Price
08:00 52,686 @ 0.045p

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