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An announcement from Sunrise Energy Metals ( (AU:SRL) ) is now available.
Sunrise Energy Metals Limited has secured a follow-on placement of A$32.5 million for its Syerston Scandium Project by issuing 5 million shares at a price of $6.50 each. This capital raising effort, which is subject to shareholder approval, brings the total funds raised since June 2025 to A$105 million, supporting the company’s plans for on-site construction by mid-2026. The funds will be used for pre-construction activities, including engineering and securing equipment, as the company aims to expand its scandium supply to meet growing demand in industries such as solid oxide fuel cells and semiconductors.
The most recent analyst rating on (AU:SRL) stock is a Hold with a A$6.00 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 a company operating in the energy metals industry, focusing on the production and supply of scandium. The company is committed to establishing a reliable and large Western source of scandium, particularly to mitigate supply disruptions caused by export control regulations from China.
YTD Price Performance: 2729.79%
Average Trading Volume: 734,784
Technical Sentiment Signal: Buy
Current Market Cap: A$881M
Learn more about SRL stock on TipRanks’ Stock Analysis page.