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Sunrise Energy Metals ( (AU:SRL) ) has issued an update.
Sunrise Energy Metals Limited has withdrawn Resolution 5, which sought approval for an additional 10% placement capacity, from its 2025 Annual General Meeting agenda due to its market capitalization exceeding the eligibility limit under ASX Listing Rule 7.1A. This withdrawal will not adversely impact the company or affect the validity of any proxy forms submitted for other business items at the meeting, maintaining the company’s operational stability and shareholder engagement.
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 focused on 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: 671,720
Technical Sentiment Signal: Buy
Current Market Cap: A$549.7M
Learn more about SRL stock on TipRanks’ Stock Analysis page.