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Sunrise Energy Metals ( (AU:SRL) ) has shared an update.
Sunrise Energy Metals Limited has entered into an agreement with Lockheed Martin Corporation to establish a reliable scandium supply chain between Australia and the US. Lockheed Martin has secured an option to purchase up to 25% of the Syerston Project’s scandium oxide production over the next five years, facilitating the integration of scandium in its product platforms. This partnership underscores the importance of cross-border industrial collaborations in the defense sector, aligning with the US-Australia critical minerals pact. The initiative is expected to enhance the adoption of scandium in various applications, potentially expanding the market and supporting future product development.
The most recent analyst rating on (AU:SRL) stock is a Hold with a A$4.50 price target. To see the full list of analyst forecasts on Sunrise Energy Metals stock, see the AU:SRL Stock Forecast page.
More about Sunrise Energy Metals
Sunrise Energy Metals Limited is developing the Syerston Scandium Project in New South Wales, Australia, aiming to deliver the world’s first source of mineable, high-grade scandium. The company also owns the Sunrise Nickel-Cobalt Project, one of the largest and most cobalt-rich nickel laterite deposits globally.
Average Trading Volume: 639,946
Technical Sentiment Signal: Buy
Current Market Cap: A$646.4M
For detailed information about SRL stock, go to TipRanks’ Stock Analysis page.