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Sunrise Energy Metals ( (AU:SRL) ) has provided an update.
Sunrise Energy Metals Limited has made significant progress in its Syerston Scandium Project, with pre-development activities including an updated feasibility study and a successful drilling campaign revealing high-grade scandium deposits. The company raised $7.5 million to accelerate these efforts, aiming to capitalize on positive developments in the scandium market. Additionally, exploration activities are ongoing in Queensland and New South Wales, and the company reported no lost time injuries or environmental incidents, highlighting its commitment to safety and environmental stewardship.
More about Sunrise Energy Metals
Sunrise Energy Metals Limited is an Australian company operating in the mining industry, focusing on the extraction and development of scandium and other critical metals. The company is primarily engaged in pre-development activities for the Syerston Scandium Project, which is positioned to supply high-grade scandium to markets such as specialty alloys, semiconductors, and aerospace.
YTD Price Performance: 451.06%
Average Trading Volume: 331,851
Technical Sentiment Signal: Buy
Current Market Cap: A$150.6M
For an in-depth examination of SRL stock, go to TipRanks’ Overview page.