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An update from Sunrise Energy Metals ( (AU:SRL) ) is now available.
Sunrise Energy Metals Limited has successfully raised A$46 million through a placement to fund pre-construction activities at its Syerston Scandium Project. This funding will enable the commencement of essential activities such as engineering, site preparation, and equipment procurement, positioning the company to address the current supply risks in the scandium market. The placement reflects strong investor confidence and is supported by a conditional funding letter from the US EXIM Bank, enhancing the company’s financial strategy and operational capabilities.
The most recent analyst rating on (AU:SRL) stock is a Hold with a A$5.50 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 a company operating in the mining industry, focusing on the development of the Syerston Scandium Project, which is recognized as the world’s largest and highest-grade primary scandium mine. The company is involved in the production and supply of scandium, a metal with increasing demand, and is advancing discussions with various end-users to meet market needs.
YTD Price Performance: 1670.21%
Average Trading Volume: 690,620
Technical Sentiment Signal: Buy
Current Market Cap: A$513.9M
Learn more about SRL stock on TipRanks’ Stock Analysis page.