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Sunrise Energy Metals ( (AU:SRL) ) has issued an announcement.
Sunrise Energy Metals Limited announced the issuance of 20,000,000 fully paid ordinary shares as part of a placement, which was initially announced in April 2025. This issuance was conducted without disclosure to investors under the Corporations Act, and the company has confirmed compliance with relevant legal provisions. This strategic move is expected to bolster the company’s financial position and support its ongoing projects, potentially enhancing its market standing and offering new opportunities for stakeholders.
More about Sunrise Energy Metals
Sunrise Energy Metals Limited is engaged in developing the Syerston Scandium Project in central-west New South Wales, aiming to deliver the world’s first source of mineable, high-grade scandium. Additionally, the company owns the Sunrise Nickel-Cobalt Project, recognized as one of the largest and most cobalt-rich nickel laterite deposits globally.
YTD Price Performance: 210.64%
Average Trading Volume: 219,854
Technical Sentiment Signal: Hold
Current Market Cap: A$65.87M
Find detailed analytics on SRL stock on TipRanks’ Stock Analysis page.