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Sunrise Energy Metals ( (AU:SRL) ) has issued an update.
Sunrise Energy Metals has completed a feasibility study for its Syerston Scandium Project in New South Wales, confirming a long-life, high-grade and low-cost operation designed to produce 60 tonnes per year of high-purity scandium oxide. The study outlines development costs of about US$120 million, life-of-mine cash operating costs of US$534 per kilogram and early works already underway, positioning the project as one of the world’s most capital-efficient scandium developments.
The company reports growing interest from U.S. scandium users amid tightening global supply and higher imported prices following China’s export licensing restrictions on rare earth minerals, including scandium. With a U.S. Export-Import Bank letter of interest for potential project financing and work on an expansion case to add 120 tonnes per year of capacity, Sunrise is aiming to capture a significant share of a scandium market that it expects to quintuple by 2030, enhancing its strategic role in critical mineral supply chains.
More about Sunrise Energy Metals
Sunrise Energy Metals is an Australia-based producer focused on critical minerals for the clean energy and advanced technology sectors. Its flagship Syerston scandium deposit in central New South Wales is described as the world’s largest and highest-grade mineable scandium source on a granted mining lease, positioned near key infrastructure and integrated into the broader Sunrise Battery Complex.
The company targets the global scandium oxide market, supplying high-purity material for solid oxide fuel cells used in AI data centre power, as well as defense, aerospace and next-generation semiconductor applications. Sunrise is listed on the ASX and OTC markets and was recently added to the S&P/ASX All Ordinaries Index, highlighting its growing profile among institutional investors.
Average Trading Volume: 1,062,263
Technical Sentiment Signal: Buy
Current Market Cap: A$1.8B
For a thorough assessment of SRL stock, go to TipRanks’ Stock Analysis page.