Sunrise Energy Metals Ltd (SREMF)

[Trofee]

Shares in Clean TeQ Holdings Limited (ASX: CLQ) crashed 12% lower to $0.94 on Monday, after the company released the results of the definitive feasibility study (DFS) for its Sunrise project. Located in New South Wales, Sunrise is expected to become one of the biggest cobalt mines in the world and a relevant producer of high-grade nickel. Both these minerals are used in the production of lithium-ion batteries for electric vehicles. Sunrise has enough reserves to remain active for over 40 years. After changing the project to allow for increased production capacity, the company expects capital costs of $1.8 billion,…