Garfield & Stonewall Royalties
Summary by AI BETAClose X
SUNRISE RESOURCES PLC
(“Sunrise” or the “Company”)
AIM REACH ANNOUNCEMENT 11 November 2026
Garfield & Stonewall Royalties
Sunrise Resources plc ("Sunrise" or the "Company") notes today’s announcement by Guardian Metal Resources plc (“GMET”) of the proposed spin-out of its non-tungsten exploration portfolio into a new company ("Spin-Co"), with the intention of seeking admission of Spin-Co to trading on AIM ("Admission") by the second quarter of 2027.
Guardian has stated that the assets that are currently expected to form part of Spin-Co include its Garfield, Golconda Summit and Stonewall projects in Nevada, USA.
Sunrise holds a 2% royalty over key parts of GMET’s Garfield and Stonewall Projects.
Patrick Cheetham, Executive Chairman, commented:
“GMET’s proposed spin-out of Garfield and Stonewall should see increased exploration and investor interest in these projects and bring the value of our royalty interests into sharper focus.
“To-date GMET has put most of its non-tungsten efforts into the Garfield Project where Sunrise made the original discovery and where GMET has identified additional mineralised structures and alteration within our royalty area. We consider Garfield to have high potential for the discovery of epithermal gold-silver and porphyry copper mineralisation with a new porphyry copper discovery being reported nearby by Canadian explorer VR Resources Ltd.
“We look forward to further news on these two projects over the next few months.
“Alongside Garfield and Stonewall our Crow Springs Project royalty and the potential buy-out and 2.5% NSR royalty at Jackson Wash Project provide Sunrise with multiple opportunities for future royalty income and capital value.”
Further details on the Company’s royalty interests were given in a news release of 2 September 2026.
Further information:
|
Sunrise Resources plc Patrick Cheetham, Executive Chairman |
Tel: +44 (0)1625 838 884 |
|
Beaumont Cornish Limited Nominated Adviser James Biddle/Roland Cornish |
Tel: +44 (0)207 628 3396 |
|
AlbR Capital Limited Broker Lucy Williams/Duncan Vasey
|
Tel: +44 (0)207 469 0930 |
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Qualified Person Information
The information in this release has been compiled and reviewed by Mr. Patrick Cheetham (MIMMM, MAusIMM) who is a qualified person for the purposes of the AIM Note for Mining and Oil & Gas Companies. Mr. Cheetham is a Member of the Institute of Materials, Minerals & Mining and also a member of the Australasian Institute of Mining & Metallurgy.
Shares in the Company trade on AIM. EPIC: "SRES”.
Website: www.sunriseresourcesplc.com
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