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Sunrise Energy Metals ( (AU:SRL) ) just unveiled an announcement.
Sunrise Energy Metals Limited has successfully completed its Share Purchase Plan (SPP), raising approximately $4.0 million, surpassing its initial target of $1.5 million. The funds, combined with those from a previous placement, will be used to advance the Syerston Scandium Project, which could become a significant source of high-grade scandium amid global trade tensions affecting mineral supply.
More about Sunrise Energy Metals
Sunrise Energy Metals Limited is a company focused on developing the Syerston Scandium Project in central-west New South Wales, aiming to deliver the world’s first source of mineable, high-grade scandium. The company also owns the Sunrise Nickel-Cobalt Project, known for being one of the largest and most cobalt-rich nickel laterite deposits globally.
YTD Price Performance: 321.28%
Average Trading Volume: 257,889
Technical Sentiment Signal: Buy
Current Market Cap: A$109.1M
See more data about SRL stock on TipRanks’ Stock Analysis page.