Sunrise CEO on Pentagon deal: Know the risk of relying on China

• Sunrise Energy Metals (SRL) received a $400M long-term debt financing commitment from the U.S. Department of Defense.
• The investment will fund the development of the Syerston Project in New South Wales, Australia, to create the world's first primary scandium mine.
• Scandium is a strategic rare earth element essential for high-performance alloys in defense/aerospace, semiconductors, and fuel cells, and is non-substitutable for 5G/6G wireless technology.
• The initiative is part of a broader Western effort to establish secure supply chains for critical minerals, countering China's near-monopoly (85-90% of raw material, 100% of refined production).
• Sunrise Energy Metals is also planning a U.S. stock market listing, potentially including redomiciling, to strengthen its U.S. footprint.

Sunrise Energy Metals has secured a $400 million investment from the U.S. Department of Defense to develop the world's first primary scandium mine in Australia. This strategic move aims to reduce Western reliance on China for the critical rare earth element scandium, which is vital for defense, aerospace, semiconductors, and 5G/6G technology.