Hazen Project, Nevada, Usa
Sunrise Resources Plc has announced an extension of the option period for its Hazen Project in Nevada, USA, by one month, now expiring on January 8, 2026, with potential for two further one-month extensions. The project remains under option for sale to a US-based company for US$800,000, with laboratory testwork confirming the pumice deposit meets ASTM standard C618 for natural pozzolan and shows potential as a lightweight aggregate.
Select text to share a quote on X · sign in to keep highlights & notes in your SRES notes
Further the Company's announcements of 21 July 2025 (the "Announcement") and 15 September 2025 the Company wishes to advise that the Option Period (as defined in the Announcement) has been extended by the Optioner for a period of one month expiring 8 January 2026. The Option Period may then be extended by two further one-month periods as set out in the Announcement.
Nominated Adviser
Shares in the Company trade on AIM. EPIC: "SRES".
About the Hazen Project
The Hazen Project is currently under option for sale to a large US-based company which may purchase the project for the sum of US$800,000.
The Company's mining claims cover a deposit of glassy pumice targeted as a natural pozzolan. Pumice is currently mined elsewhere in the US as natural pozzolan and at Hazen it was mined as a lightweight aggregate from a shallow open pit some decades ago.
The markets for natural pozzolan, as a replacement for cement and fly ash in concrete, are regional and reflect the distribution of the main areas of high population density where concrete demand is highest.
The Hazen pozzolan deposit is just 9km from a rail siding on the arterial east-west Union Pacific line and is therefore well positioned for rail transport to the regional markets of northern California, points east, as well as the local markets around Reno and northern Nevada.
The Company's laboratory testwork to date has shown that the material present in the pit exceeds the specifications of ASTM standard C618 for natural pozzolan. The Hazen pumice has the additional property that it is lightweight and has potential as a lightweight aggregate for use in lightweight concrete blocks and facing stones.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.