StockMarketWire.com - Sunrise Resources said it had completed commercial-scale trials on bulk samples at its CS pozzolan and perlite project in Nevada.
Two tons of raw perlite had been successfully expanded in a commercial production furnace to produce horticultural grade perlite suitable for the cannabis industry.
Meanwhile, 100 tons of pozzolan had been ground in a commercial scale production mill and tested positive for compliance with the ASTM C618 standard for natural pozzolan.
'These [trials] pave the way for commercial arrangements with the parties involved and tests are also in progress with other potential customers,' executive chairman Patrick Cheetham said.
'It is a good time to be entering these markets.'
'Cement companies and fly ash suppliers are already grappling with a shortage of fly ash and this shortage will be intensified when the largest supplier to western markets, the large coal-fired Navajo Power Station in Arizona, closes as expected in 2019.'
'Meanwhile the perlite market in the western US continues to be strong as more US States, and now Canada, continue the legalisation of cannabis for which perlite provides an ideal growing medium.'
At 9:47am: [LON:SRES] Sunrise Resources PLC share price was +0.03p at 0.17p
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