ISSUE OF WARRANTS

Sunrise Resources Plc

06 May 2026

 

6 May 2026

SUNRISE RESOURCES PLC

("Sunrise" or "the Company")

ISSUE OF WARRANTS

Sunrise Resources plc wishes to announce as follows:

Issue of Employee Warrants

On 5 May 2026, the Board resolved to issue warrants to subscribe for Ordinary Shares in the Company as part of a long-standing annual arrangement as follows:

A total of 45,000,000 warrants over new Ordinary Shares, representing 0.48% of the Company's issued share capital, are being issued to certain employees of Tertiary Minerals plc ("Tertiary") working on the Company's behalf and to the two non-executive directors of the Company and the Company Secretary in connection with their remuneration as follows:

Grantee	No. of Warrants	Warrant Exercise Price (pence per share)
Tertiary Employees (4)	(Total of) 20,000,000	0.025
Non-Executive Director James Cole	10,000,000	0.025
Non-Executive Director Adam Hainsworth	10,000,000	0.025
Company Secretary Rod Venables	5,000,000	0.025

The Warrant Exercise Price is 0.025 pence, being the price at which shares were recently issued by way of a placing and WRAP retail offer. Each warrant entitles the holder to subscribe for one new Ordinary Share in the Company at the Warrant Exercise Price at any time within the period of 4 years from 6 May 2027.

This brings the total number of warrants in issue in the Company to 87,000,000 representing 0.93% of the Company's issued share capital. The Company last issued warrants to Directors and Tertiary employees in August 2023

Further information:

Sunrise Resources plc Patrick Cheetham, Executive Chairman	Tel: [phone]
Beaumont Cornish Limited Nominated Adviser James Biddle/Roland Cornish	Tel: [phone]
AlbR Capital Limited Broker Lucy Williams/Duncan Vasey	Tel: [phone]

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 which forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ('MAR'). Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.

Nominated Adviser

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

Shares in the Company trade on AIM. EPIC: "SRES". Website: www.sunriseresourcesplc.com

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM.

1	Details  of  the  person   discharging  managerial   responsibilities I person closely associated
a)	Name	James Cole
2	Reason for the notification
a)	Position/status	Non-executive director
b)	Initial notification /Amendment	Initial notification
3	Details  of  the  issuer,  emission  allowance  market   participant, auction  platform, auctioneer or auction monitor
a)	Name	Sunrise Resources plc
b)	LEI	213800MGDOE974QHPZ44
4	Details of the transaction(s): section to be repeated  for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description  of the financial  instrument, type of instrument	Warrants, each warrant to subscribe for one ordinary share of 0.001p each
	Identification code	GB00B075Z681
b)	Nature of the transaction	Grant of Warrants
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		Exercise price of  0.025 pence	10,000,000 warrants
d)	Aggregated information - Aggregated volume  - Price	N/A (Single transaction as in 4 c) above)
e)	Date of the transaction	05/05/2026  15:00 UTC
f)	Place of the transaction	Outside a trading venue (XOFF)

1	Details  of  the  person   discharging  managerial   responsibilities I person closely associated
a)	Name	Adam Hainsworth
2	Reason for the notification
a)	Position/status	Non-executive director
b)	Initial notification /Amendment	Initial notification
3	Details  of  the  issuer,  emission  allowance  market   participant, auction  platform, auctioneer or auction monitor
a)	Name	Sunrise Resources plc
b)	LEI	213800MGDOE974QHPZ44
4	Details of the transaction(s): section to be repeated  for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description  of the financial  instrument, type of instrument	Warrants, each warrant to subscribe for one ordinary share of 0.001p each
	Identification code	GB00B075Z681
b)	Nature of the transaction	Grant of Warrants
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		Exercise price of 0.025 pence	10,000,000
d)	Aggregated information - Aggregated volume  - Price	N/A (Single transaction as in 4 c) above)
e)	Date of the transaction	05/05/2026  15:00 UTC
f)	Place of the transaction	Outside a trading venue (XOFF)

1	Details  of  the  person   discharging  managerial   responsibilities I person closely associated
a)	Name	Rod Venables
2	Reason for the notification
a)	Position/status	Company Secretary
b)	Initial notification /Amendment	Initial notification
3	Details  of  the  issuer,  emission  allowance  market   participant, auction  platform, auctioneer or auction monitor
a)	Name	Sunrise Resources plc
b)	LEI	213800MGDOE974QHPZ44
4	Details of the transaction(s): section to be repeated  for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description  of the financial  instrument, type of instrument	Warrants, each warrant to subscribe for one ordinary share of 0.001p each
	Identification code	GB00B075Z681
b)	Nature of the transaction	Grant of Warrants
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		Exercise price of 0.025 pence	5,000,000
d)	Aggregated information - Aggregated volume  - Price	N/A (Single transaction as in 4 c) above)
e)	Date of the transaction	05/05/2026  15:00 UTC
f)	Place of the transaction	Outside a trading venue (XOFF)

 

END