- Sunrise Resources said that it had signed a non-binding memorandum of understanding for its CS Pozzolan-Perlite Project in Nevada that could precede the signing of its first sales contract.

The early-stage agreement was forged with a 'long established buyer and processor of raw perlite', the company said, while keeping its identity confidential for commercial reasons.

'This is a significant step forward for the company and a key value driver for the CS Project,' executive chairman Patrick Cheetham said.

'The perlite deposits at our CS and NewPerl Projects represent new discoveries and are creating significant interest amongst consumers of raw perlite.'

At 8:23am: [LON:SRES] Sunrise Resources PLC share price was +0.06p at 0.19p

Story provided by