Sunrise Energy Metals Limited (ASX:SRL) reached an agreement to acquire Hylea Cobalt Project from Lotus Resources Limited (ASX:LOT) for AUD 2.7 million on April 20, 2021. Sunrise Energy Metals will acquire a 100% interest in Exploration Licences EL8520, EL8641 and EL8801 for $2.5 million, with $1 million payable in cash and 0.72 million shares, at the Company's election, at completion. Completion is subject to receipt of Ministerial Approval for the transfer of the above Exploration Licenses.

Sunrise Energy Metals Limited (ASX:SRL) completed the acquisition of Hylea Cobalt Project from Lotus Resources Limited (ASX:LOT) on August 13, 2021.