Sunrise reports positive industry interest in pozzolan project
By Josh White
Date: Wednesday 04 May 2022
(Sharecast News) - Sunrise Resources updated the market on its CS Natural Pozzolan-Perlite Project on Wednesday, following its chairman's recent visit to the United States, reporting that meetings had been held with multiple parties, including existing and new interested parties.
The AIM-traded firm said the parties included two cement and ready-mix companies, one major fly-ash distributor, a "large" building materials company, and a new cement clean-tech company.
Due-diligence field visits were also carried out, with Sunrise reporting that industry feedback was highlighting the use of natural pozzolan in strategies being employed in the cement and concrete industries towards net-zero carbon emissions.
"A busy schedule of meetings on my recent visit to the US has allowed us to advance discussions with a number of existing and new interested parties from across the cement and concrete industries," said executive chairman Patrick Cheetham.
"I believe we are ahead of the curve on natural pozzolan, with one of the few fully-permitted and undeveloped natural pozzolan deposits in the western US.
"We have achieved this on a project spend of less than £1.5m to date."
Cheetham noted that globally, more than four billion tonnes of cement was produced every year, resulting in 8% of man-made carbon emissions.
"The industry in the US is committed to net-zero emissions and our recent discussions have underlined the role of natural pozzolan in meeting these targets.
"It is not surprising then that we are seeing an upsurge of interest in natural pozzolan, not just from the traditional cement and concrete companies, but also from the building materials companies that supply to those companies, as well as new generation clean-tech cement companies developing new types of carbon-neutral cements and concretes using natural pozzolans in their formulations.
"We continue to be confident that a partner will be found to ensure development of our pozzolan projects and the continuing expansion of our interests in natural pozzolan where there is a compelling business case."
At 1245 BST, shares in Sunrise Resources were up 30.78% at 0.15p.
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