Sunrise Energy Metals

We’re pleased to announce that Sunrise Energy Metals has completed a strategic investment in U.S.-based Agni Semiconductor to become an active participant in the technologies that will shape future demand for scandium. While this initial investment is modest, we see this as a potentially transformative transaction for our both companies. The US$5 million investment aligns Sunrise with one of the most active areas of materials-driven innovation in the global semiconductor industry. @AgniSemiAI is developing next-generation non-volatile memory chips using ferroelectric diodes manufactured with aluminum scandium nitride (AlScN). Agni’s chips operate at up to 600°C, making them ideal for heavy-duty, high-temperature and high-rad applications across the defence and aerospace sectors. As a form of non-volatile memory, these chips are energy-efficient, with opportunities for deployment in non-terrestrial environments, such as satellite networking and cloud compute. With an extensive IP portfolio supported by multi-year, peer-reviewed validation of the technology, the focus now is to progress through foundry qualification and market development activities. Read the full announcement here: api.investi.com.au/api/annou… #semiconductors #innovation #technology #mining #ai #scandium #rareearths

Here’s a great read from the Australian Financial Review, reporting on our Final Investment Decision to proceed with the Syerston Scandium Project in the broader context of Australia’s growing commitment to critical minerals production. Sunrise’s decision to spend US$322 million ($456 million) building the world’s first dedicated scandium mine in New South Wales puts total investment in Australian critical minerals projects above $3 billion this year, according to the AFR. “The decision to push ahead with a scandium mine on Sunrise’s Syerston lease, near the NSW town of Fifield in the central west of the state, completes a remarkable revival of a project that had languished for most of the past 13 years as a nickel and cobalt project,” AFR’s @PGKer reported. “Long-awaited approval for construction at Syerston adds to the list of Australian critical minerals projects that have secured a positive final investment decision (FID) this year.” Sunrise’s decision to pivot it towards extraction of the scandium that surrounds the nickel and cobalt deposit when China banned exports of scandium in 2025 has driven a sharp increase in ASX-listed Sunrise’s market value from less than $30 million to $2 billion over the past two years, AFR noted. “Even if China comes back into the market and relaxes export restrictions, I think you have a lot of customers now, particularly governments, who say, you can’t go back to the way it was,” Sunrise Chief Executive Officer Sam Riggall said in the report. Read the full article here: afr.com/companies/mining/sca…

Our Chairman Robert Friedland highlights the importance of Sunrise Energy Metals’ Final Investment Decision to proceed with the construction of the Syerston Scandium Project. This Monday, we approved the final investment decision on Sunrise Energy Metals’ Syerston Scandium project in New South Wales, Australia. Scandium is a critically important metal because it makes aluminium lighter and stronger for applications in aerospace, defence and advanced electronics. Scandium’s use has been held back for decades because we have not had a reliable, scalable western source of supply. Syerston is set to be the world’s first major primary scandium mine. Early works are under way, and we are targeting first production in 2028. (@robert_ivanhoe)

We’re pleased to announce that Sunrise Energy Metals has approved its Final Investment Decision to proceed with development of the Syerston Scandium Project. This is a significant step toward establishing a secure, large-scale and independent source of scandium supply outside China to support the development of next-generation technologies and Western critical mineral supply chains. The FID, along with progress across key technical, engineering, permitting, procurement and project development requirements, keeps us on track to begin production of high-purity scandium oxide in New South Wales, Australia, in the second half of 2028 and then ramp up to 60 tonnes per year. At the same time, we continue to study a potential increase in production capacity to help meet accelerating demand from solid oxide fuel cell production, aerospace and defence, and semiconductors. Sunrise is also advancing a proposed redomiciliation of its parent company from Australia to the U.S., with a Nasdaq listing for the new Delaware-based parent. The move is consistent with the conditional commitment of up to U.S.$400 million in long-term debt financing from the U.S. Department of War’s Office of Strategic Capital. A Scheme Booklet will go to shareholders shortly. Demand for scandium is expected to grow significantly over the remainder of the decade, reinforcing our long-term strategy to develop a Western source of dedicated primary scandium production. Read the full press release: api.investi.com.au/api/annou… #Mining #RareEarths #CriticalMinerals #Scandium #Technology

Here’s an interesting look at Australia’s position as a global critical minerals supplier through the lens of our Syerston Scandium Project. The United States @DeptofWar's agreement with Sunrise to provide a conditional loan of up to US$400 million to advance the development the Syerston project will help bolster supply from outside of China, writes @ZhangMarina, Associate Professor at the Australia–China Relations Institute, University of Technology Sydney. However, she notes, the high value scandium processing stages are planned for the U.S. rather than Australia. Zhang argues that Australia should use its strong position in allied supply chains to capture more industrial value at home, focusing on capabilities such as master-alloy production, compound refining and metallurgical research and development. “The emerging critical minerals order presents Canberra with a choice — become an increasingly important secure supplier of minerals and intermediates to allied industrial systems or use the restructuring of global supply chains to become an indispensable capability node within them,” she said in a commentary published by @East_Asia_Forum. Read the full article here: eastasiaforum.org/2026/10/19… #scandium #mining #criticalminerals #supplychains

Check out this very thorough analysis of why global scandium demand is expected to outstrip supply by 2035, with the gap widening drastically after that. The report by @A_Milewski, founder of investment research firm @TheOregonGroup, predicts that fierce competition between defence industries and AI providers will continue to drive up demand for scandium oxide, while supply fails to keep pace. By 2050, demand could exceed supply by almost three to one. The Pentagon and U.S. defence contractors are already taking steps to secure future supplies of scandium. Milewski noted that @LockheedMartin has signed a non-binding agreement with NioCorp Developments Ltd. covering potential purchases of up to 15 tonnes of scandium oxide annually. The U.S. defence contractor also obtained an option to purchase up to 15 tonnes of scandium oxide annually produced by Sunrise’s Syerston Scandium Project over five years. The Pentagon’s Office of Strategic Capital signed a US$400 million commitment in August to back development of our Syerston scandium project and downstream processing capabilities. The proposed financing provides a right of first offer on output. At the same time, the growth of AI infrastructure is boosting demand for solid oxide fuel cells, which use scandium oxide. Bloom Energy, the leading producer of solid oxide fuel cells, alone could require around 200 tonnes of scandium oxide annually by the early 2030s, about 2.5 times the entire world’s estimated production in 2025. The Syerston Scandium Project, the world’s largest and highest-grade scandium deposit, is set to become the first primary scandium mine rather than a by-product source. Go here to read the full report in @InvestorNewsCom: investornews.com/market-opin…

Sunrise Energy Metals Chairman Robert Friedland explained how our Syerston Scandium Project can completely end Western dependence on China for this crucial industrial and defence material. “World scandium production is currently between 60 and 70 tons,” he said in an interview with @SPGMarketIntel reporter Liubov Georges. “(Sunrise) can cheerfully do triple current world production for 40 years without even bothering to drill anymore.” “Scandium, a rare earth, is about four times as strong as steel and almost twice as strong as titanium” he continued. “It's critical for defence. If my drone is lighter than your drone, it'll either go faster or carry more payload.” The U.S. is about three decades behind China in terms of processing critical minerals periodic table, he said. Large-scale government investment and an increased focus on mining and minerals education is urgently needed to close the gap. Find out more about Sunrise Energy Metals and the Syerston Scandium Project: sunriseem.com/ Read the full article here: spglobal.com/market-intellig… #criticalminerals #rareearths #scandium #china #mining

Sunrise Chairman Robert Friedland highlighted our Syerston Scandium Project and the critical role scandium plays in defense, computing and wireless communications. “We have an extremely large, high-grade scandium deposit in Australia and we'll be able to supply literally global demand with scandium metal very quickly,” he said in a presentation at the Critical Minerals Symposium, hosted by the @PayneInstitute at the @COSchoolofMines. “It's the highest-grade deposit in the world.” “Like a quarter of 1% of scandium added to aluminium enables you to 3D print aluminium and build these satellite systems,” he continued. “Most of the energy used in data centres is involved in the memory chips, and there's a new technology coming out of a startup called @AgniSemiconductor out of @Penn has a new non-volatile memory semiconductor, but it can't be made without scandium, and it can dramatically save energy in data centres.” The Syerston Scandium Project is the world’s largest and highest-grade scandium deposit, set to become the first primary scandium mine rather than a by-product source. Our deposit holds over 32,000 tonnes of contained scandium in mineral resources: enough to meet global demand for many decades to come. Find out more about Sunrise Energy Metals and the Syerston Scandium Project: sunriseem.com/ #rareearths #criticalminerals #semiconductors #defense #scandium #mining #technology

Great to see our Chairman Robert Friedland spread the word about our Syerston Scandium Project and the crucial role scandium plays in strategic sectors including defense, computing and wireless communications. “This is a 3D printed piece of scandium alloy,” Friedland said in a presentation at @DenGoldGroup Mining Forum Americas. “It's as light as cardboard. It's five times as strong as steel, and you only have to add 0.25 of 1% scandium, which enables you to 3D print the aluminum. And the light weighting of everything is a critical theme in everything. Lighter cars, lighter drones.” “We've been getting a lot of help from Uncle Sam. Sunrise, the Scandium company, has a $400 million conditional loan from the United States Department of War because that scandium is what's going to keep you alive.” Our Syerston Scandium Project, the world’s largest and highest-grade scandium deposit, set to become the first primary scandium mine rather than a by-product source. Our deposit holds over 32,000 tonnes of contained scandium in mineral resources: enough to meet global demand for many decades to come. Find out more about Sunrise Energy Metals and the Syerston Scandium Project: sunriseem.com/ #criticalminerals #semiconductors #defense #scandium #mining #technology

Sunrise Chairman Robert Friedland discussed the link between secure rare earth metals and critical minerals supply chains and national sovereignty at the Hello, America gathering of U.S. political and business leaders hosted by President Donald Trump. “We used to fight wars over crude oil. But today, the supply chain that gives you your handphone or gives you drone warfare, telecommunications, are a series of very rare metals that nobody knows about,” he said in a talk with U.S. Secretary of the Interior @SecretaryBurgum in Washington D.C. “Without those, we would be like a nation with our hands tied behind our back. So, there’s an understanding now that we have the technology, the capability, and the power to go out and find these critical minerals so that our national sovereignty is not held hostage to any other nation-state.” One of those critical minerals is scandium, which can be used to create exceptionally strong, lightweight and weldable alloys for aerospace and defence, and the material is also key to emerging semiconductor, memory and next-generation communications technologies. Sunrise Energy Metals is developing the Syerston Scandium Project in Australia to create a globally significant source of primary scandium in a Western-aligned nation. Watch Robert’s full interview here: youtu.be/q7tq2y9QuvY?si=FJeG… Find out more about Sunrise Energy Metals: sunriseem.com/ #mining #rareearths #criticalminerals #trade #supplychains #scandium #australia

Sunrise Energy Metals’ Chairman Robert Friedland and CEO Sam Riggall dove deep into existing and emerging markets for scandium, how to ensure robust critical minerals investment and the longer-term vision for the company’s growth in an excellent conversation with the ever-insightful team at 13D Research & Strategy. “We are going to do our utmost to directly address these critical materials at scale,” Friedland told WhatILearnedTW hosts Lachlan Nieboer, Director of Critical Minerals Research, and Woodley B. Preucil, Senior Managing Director. “The critical raw material problem has to be addressed at the scale of the American economy. It is fruitless to address this issue at small scale. We're seeing a lot of support to build Sunrise into a United States government listed, United States government supported, very large, diversified company critical to our supply chain.” “We see an opportunity to grow this company into a very significant mining company,” Friedland continued. “Developing a suite of investments in the scandium vertical chain, dealing with the alloy manufacturers, the airframe manufacturers, the aerospace manufacturers, and now the semiconductor industry, where we can take early investment in enterprises like memory chips or quantum chips that cannot exist without our scandium.” Developing robust critical minerals supply chains that don’t rely on China will require “Western pricing benchmarks that are developed to deliver the objectives that governments are looking to achieve,” Riggall said, “and a clearing price for these metals that incentivizes new supply because they'll be sufficient to repay capital on these projects and their hurdle investment rates.” Sunrise’s Syerston Scandium Project represents “the first time in the history of our species that as explorationists we've discovered a minable resource of scandium sufficient to supply global demand for approximately 300 years,” Friedland said. “We have the permitting process behind us, the engineering process behind us. And it was a number of years ago that the Australian government declared this project a project of national strategic importance.” Find out more about 13D Research & Strategy here: 13d.com/ #scandium #rareearths #criticalminerals #semiconductors #mining #supplychain

Essential watching for anyone who wonders how China ended up dominating the world’s supply of rare earths and critical minerals, and what happens next. @Maxinomics producer @phlndrws takes us on an incredibly well-researched journey from how critical minerals are mined and refined to how China slowly steadily built its global rare earths monopoly over decades, and what that all means for manufacturing, economic sovereignty and national security today. Sunrise Energy Metals is developing the Syerston Scandium Project in Australia to create a globally significant source of primary scandium in a Western-aligned nation. Scandium can be used to create exceptionally strong, lightweight and weldable alloys for aerospace and defence, and the material is also key to emerging semiconductor, memory and next-generation communications technologies. Watch the video on YouTube here: youtube.com/watch?v=BXLGV0Sj… #Mining #RareEarths #CriticalMinerals #Scandium #China #Manufacturing #Defense

It was a pleasure to see Sunrise Energy Metals Chairman Robert Friedland appear on Bloomberg TV’s Open Interest to discuss the importance of the Syerston Scandium Project to Western allies for next-generation technologies, advanced manufacturing and national security. “There are 17 rare earth elements in the periodic table. And of those 17, scandium is probably the most expensive. And it's critical across a host of high-technology applications,” Robert explained. The Syerston Scandium Project “can supply the entire world for generations. It's that big. We're filling in that one square of those 17.” Robert and host @daniburgz also discussed reports that the U.S. and China are in talks to extend a pause in China’s export restrictions for some rare earths ahead of President Xi’s state visit to the U.S. this week, his first since 2015. “The last agreement expires in November,” Robert said. “It was a one-year agreement, which is crazy for economies as big as the United States. So I think both sides might want to reach an agreement that extends to the end of the Trump administration.” While a new rare earths deal would solve some near-term problems for the U.S., it would not be a viable long-term solution to solving the U.S.’s supply chain problems. Instead, governments around the world must look to bring new projects online to establish domestic and friend-shored production of rare earths such as scandium. Sunrise Energy Metals is developing the Syerston Scandium Project, the world’s largest and highest-grade scandium deposit, set to become the first primary scandium mine rather than a by-product source. We are set to produce strategically important scandium for next-generation civilian and defence technologies (such as @AgniSemiAI's non-volatile memory chips), critical infrastructure, and advanced alloy applications. Our deposit holds over 32,000 tonnes of contained scandium in mineral resources: enough to meet global demand for many decades to come. Watch Robert’s interview with @BloombergTV: bloomberg.com/news/videos/20… #Mining #RareEarths #Scandium #CriticalMinerals #SupplyChains #StateVisit

We are very pleased to be part of a @GenAtomics_ASI team that won a recent GOTHAAM project call worth $5.5M from America Makes and the National Center for Defense Manufacturing and Machining. Generation Of Technical-data for High-strength Aluminum Alloy Material (GOTHAAM) is funded by the Office of the Under Secretary of War, Manufacturing Technology Office (OSW ManTech). Its objective is to develop material allowables for a high-strength, 7075-T73-equivalent aluminum alloy across three classes of laser powder bed fusion (LPBF) additive manufacturing (AM) systems, enabling scalable production on small, medium, and large-format printers. “Qualifying advanced AM materials to deliver robust material data supporting durable, corrosion-resistant components for critical defense applications directly strengthens the defense industrial base,” said John Martin, Additive Manufacturing Research Director at @AmericaMakes. “By delivering validated data and maturing LPBF capability, we’re giving U.S. manufacturers what they need to produce reliable components for critical defense systems.” Read the report in @MetalAMMag: metal-am.com/general-atomics… #Technology #Alloys #RareEarths #CriticalMinerals #Scandium

We are very pleased to be part of a General Atomics Aeronautical Systems team that won a recent GOTHAAM project call worth $5.5M from America Makes and the National Center for Defense Manufacturing and Machining. Generation Of Technical-data for High-strength Aluminum Alloy Material (GOTHAAM) is funded by the Office of the Under Secretary of War, Manufacturing Technology Office (OSW ManTech). Its objective is to develop material allowables for a high-strength, 7075-T73-equivalent aluminum alloy across three classes of laser powder bed fusion (LPBF) additive manufacturing (AM) systems, enabling scalable production on small, medium, and large-format printers. “Qualifying advanced AM materials to deliver robust material data supporting durable, corrosion-resistant components for critical defense applications directly strengthens the defense industrial base,” said John Martin, Additive Manufacturing Research Director at America Makes. “By delivering validated data and maturing LPBF capability, we’re giving U.S. manufacturers what they need to produce reliable components for critical defense systems.” Read the report in Metal Additive Manufacturing Magazine: metal-am.com/general-atomics…

Great to see our Chairman Robert Friedland talking to Bloomberg about the role of critical minerals like scandium in powering rapidly advancing technologies. “A server in a server farm uses 20 critical metals,” he told hosts Joe Weisenthal and Tracy Alloway on @Bloomberg’s Odd Lots podcast. “You need niobium and tantalum and palladium and rhodium and rhenium. If you want to improve memory and chips, you need scandium nitride.” “Without Gallium, there Is no Nvidia. No Nvidia chips without scandium, rhenium, dysprosium, niobium, tantalum. If you want Grok, if you want AI, you want humanoid robots, you want electric cars, you want microwave ovens and washing machines, you want to clean the environment, and you want to defend yourself against drones coming to get you, you need ultra sophisticated critical metals. And unfortunately, all of them are developed by China. In fact, if you're a U.S. manufacturer, you now have to give your plans to the China Military Commission and say why you want one of these metals.” Sunrise Energy Metals is developing the Syerston Scandium Project, the world’s largest and highest-grade scandium deposit, set to become the first primary scandium mine rather than a by-product source. Our deposit holds over 32,000 tonnes of contained scandium in mineral resources: enough to meet global demand for many decades to come. Huge thanks to @Bloomberg’s hugely talented @TheStalwart, @TracyAlloway, @kevlloydlozano, @carmenarmen, Cale Brooks and of course the one and only @ryanchilcote for making it all happen. Listen to the episode on Apple podcasts, Spotify, youtube or at: bloomberg.com/news/articles/… #scandium #criticalminerals #mining #technology

Sunrise Energy Metals’ CEO Sam Riggall outlined our path toward becoming a strategic global supplier of scandium in this excellent interview with The Crucible. Sam discussed how our $400 million loan agreement with the U.S. Department of War’s Office of Strategic Capital has allowed Sunrise to set more ambitious goals for the Syerston Scandium Project in Australia and move toward building scandium metal refining capacity in the United States. “The commercial logic is straightforward” he told @The Crucible, published by the @Minor Metals Trade Association. “Scandium's real value is in alloying it or combining it with other elements, so a supply chain that stops at scandium oxide doesn't solve all our customers’ problems.” Sam also talked about the strategic value of creating a Western-aligned scandium supplier given that China currently controls approximately 90 percent of global scandium raw material supply and effectively all refined scandium metal production. “Scandium has a wide range of applications in crucial technologies. Solid oxide fuel cells are an elegant and widely adopted solution for power generation in AI data centres,” he said. “Aluminium-scandium alloys are seeing a real uptick in aerospace components, particularly in 3D printing. In semiconductors and wireless communications, there simply is no substitute for scandium: it is the material that facilitated the transition from 3G to 5G and ultimately 6G.” Read the full interview here: mmta.co.uk/sunrise-energy-me… #criticalminerals #mining #australia #defenseindustry #scandium #microchips

Sunrise Energy Metals is pleased to announce that we will become a member of Australia’s S&P/ASX 200 index, marking a key milestone in our market value growth. The designation, which is effective prior to the open of trading on Sept. 21, 2026, increases Sunrise’s market visibility and opens the company up to a broader range of investors including funds that track the index. Sunrise, which is developing the Syerston Scandium project in Australia, has seen extraordinary share price growth of more than 700% over the last 12 months amid growing awareness of the critical mineral’s immense strategic value to Western technology and defense industries. “This is a natural next step for us after we saw a real awakening to the value we can bring to key Western industries,” Sunrise CEO Sam Riggal said. “Scandium is crucial for solid oxide fuel cells powering data centers, aerospace components, semiconductors and wireless communications. At Syerston, we have enough scandium in mineral resources to supply the world for many decades to come.” A recent $400 million conditional loan agreement with the U.S. Department of War’s Office of Strategic Capital has allowed Sunrise to set ambitious goals for the Syerston Project and move toward building scandium metal refining capacity in the United States. As part of the agreement, Sunrise is also considering options for a separate listing on a U.S. exchange. Find out more about Sunrise Energy Metals and the Syerston Scandium project: sunriseem.com/ #australianstocks #stocks #mining #criticalminerals #asx200