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An announcement from Sunrise Energy Metals Limited ( (AU:SRL) ) is now available.
Sunrise Energy Metals Limited has renewed its research agreement with Japan’s UACJ Corporation, a prominent aluminium manufacturer, to continue their joint efforts in developing an aluminium-scandium alloy for automotive components. This renewal, extending the collaboration by another year, focuses on advancing the alloy’s heat treatment and aging profiles, with both companies sharing joint ownership of any resultant intellectual property. This partnership highlights a strategic emphasis on increasing scandium demand through its potential application in the automotive industry, aligning with Sunrise’s broader strategy to secure a scalable, low-cost scandium supply.
More about Sunrise Energy Metals Limited
Sunrise Energy Metals Limited is an Australian company known for owning the Sunrise Nickel-Cobalt Project, one of the world’s largest cobalt-rich nickel laterite deposits, located in central-west New South Wales. The company is also actively evaluating the Syerston Scandium Project, aiming to develop it as the world’s first high-grade scandium source.
YTD Price Performance: 73.00%
Average Trading Volume: 5,614
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $15.87M
For an in-depth examination of SRL stock, go to TipRanks’ Stock Analysis page.
