-- Sunrise Energy Metals (ASX:SRL) said cash on hand stood at AU$117 million as of March 31, with material cash inflows during the quarter of about AU$71 million from capital raising and the exercise of unlisted options, according to a Tuesday Australian bourse filing.
The company said recent engagement with US scandium users indicates growing interest in its Syerston Scandium Project as a strategic supplier of primary scandium, in response to tightening supply and a marked increase in imported scandium prices following China's export licensing restrictions on rare earth minerals, including scandium, in April and October 2025.
Sunrise has also been included in the S&P/ASX All Ordinaries Index, the filing added.
The company's shares rose past 5% in recent Tuesday trade.