Sunrise Resources (LSE:SRES) has announced plans to raise capital through an issue of securities to fund exploration activities across its portfolio of precious and base-metal projects.
The fundraising is being arranged by broker AlbR Capital. Sunrise said the proceeds will be used for geophysical work and permitting at its Lake and Reese Ridge projects.
Depending on the amount raised, the company also intends to use the proceeds to drill priority exploration targets in Nevada and potentially undertake drilling at the Bakers Gold Project in Australia.
In connection with the fundraising, Sunrise will use AIM’s new Capital Access Window facility, resulting in a temporary halt in trading of its shares from 7.30 a.m. on 9 September 2026.
According to the company, the voluntary trading pause is intended to stabilise the share price during the capital-raising process. The amount to be raised and the terms of the securities issue were not specified in the supplied announcement.
More about Sunrise Resources
Sunrise Resources Plc is an AIM-listed mineral exploration company with projects targeting precious and base metals including copper, silver, gold, zinc and lead.
Its portfolio includes the Lake Copper-Silver-Gold Project and Reese Ridge Zinc-Silver-Lead Project in Nevada, United States, as well as the Bakers Gold Project in Australia.
The company’s exploration activities include geophysical surveys, permitting and drilling of identified targets.
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