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Sunrise Energy Metals ( (AU:SRL) ) just unveiled an announcement.
Sunrise Energy Metals announced that the US Export-Import Bank (EXIM) has refreshed its Letter of Interest for potential debt financing of up to US$67 million for the Syerston Scandium Project. This development follows a significant US$8.5 billion Critical Minerals Agreement between the US and Australia, emphasizing the project’s role in enhancing US national security and supply chain resilience. The financing, if approved, would support the project’s development, reflecting EXIM’s commitment to strengthening American industrial capabilities and securing critical mineral supplies.
The most recent analyst rating on (AU:SRL) stock is a Hold with a A$4.00 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 (ASX:SRL, OTCQX:SREMF) is focused on developing the Syerston Scandium Project in New South Wales, Australia, aiming to become 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: 621,152
Technical Sentiment Signal: Buy
Current Market Cap: A$718.8M
Find detailed analytics on SRL stock on TipRanks’ Stock Analysis page.