Sunrise Energy Metals: Lands conditional approval for $10m grant from NSW fund

Sunrise Energy Metals Lands conditional approval for $10m grant from NSW fund

• Sunrise Energy Metals (SRL) receives conditional approval for a $10 million grant from the New South Wales Critical Minerals and High-Tech Metals Activation Fund
• The grant will support the ongoing development of the Sunrise battery materials project in New South Wales
• The company says it will apply the funds towards the connection of an electrical transmission line from the project site at Fifield to the NSW electricity grid
• The total construction cost of the line, which is included in the full capital development cost estimate for the project, is approximately $34 million
• Shares in SunriseEnergy Metals are down 0.76 per cent to $1.96 at midday AEDT