U.S. Bets $400 Million on Australian Scandium Miner to Break China's Grip

Why is the US Betting $400 Million on This Little-Known Mineral in Australia?

An Australian mining company which has sought-after reserves of one of the world’s rarest and most obscure critical minerals has landed a conditional commitment of up to A$570 million (US$400 million) from the United States government—a move aimed at prising the supply of strategic metals away from the Chinese Communist Party (CCP). Melbourne-based Sunrise Energy Metals confirmed on the ASX on Aug. 10 that the U.S. Department of War’s Office of …

US backs Australian scandium mine with $400 million loan

A little-known Australian mining project is emerging as a potential strategic asset in the growing global contest over critical mineral supplies.

Sunrise Energy Metals Shares Surge on U.S. Rare Earths Investment Boost

Internewscast Journal Internewscast Shares of Australia’s Sunrise Energy Metals surged as much as 29% on… This Post: Sunrise Energy Metals Shares Surge on U.S. Rare Earths Investment Boost first appeared on Internewscast Journal

Australian Scandium Miner Secures $400 Million US Investment

Mining entrepreneur Robert Friedland discusses his backing of Sunrise Energy Metals Ltd., an Australian scandium miner which secured as much as $400 million in long-term debt financing from the US Department of War. He speaks on Bloomberg Television. (Source: Bloomberg)

U.S. Bets $400 Million on Australian Scandium Miner to Break China's Grip

Shares in Australia-listed Sunrise Energy Metals Ltd (SRL:ASX) jumped by 29% at opening on Monday after the U.S. Department of War announced a conditional commitment for a US$400-million loan for the company to build out its scandium operations. The Department of War’s Office of Strategic Capital (OSC) conditionally committed up to US$400 million under a proposed 25-year debt facility for development of the Syerston Scandium Project, the U.S. Ad…

Sunrise Energy Metals secures US$400m U.S. loan and plans U.S. listing

Sunrise Energy Metals secures a conditional US$400m loan commitment from the U.S. and plans a U.S. listing to fund its key scandium project. The post Sunrise Energy Metals secures US$400m U.S. loan and plans U.S. listing appeared first on The Motley Fool Australia.