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8 stories mentioning ASX:SRLUpdated 9d ago

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Asia

Sunrise Energy Metals Speeds Up Study to Assess Expanded Production Capacity at New South Wales Scandium Project

Sunrise Energy Metals (ASX:SRL) sped up studies at the Syerston scandium project in New South Wales to assess boosting production capacity to 180 tonnes per annum (tpa) of scandium oxide, according to a Thursday Australian bourse filing.The studies are assessing an additional 120 tpa scandium oxide production train, including the relative capital efficiency, plant configuration, operating cost profile, and execution requirements.Its development plan for the initial 60 tpa operation remains targeted toward commercial production in 2028, subject to completion of engineering, financing, a final investment decision, and other customary requirements.Its shares were up 2% in recent trading on Thursday.

ASX:SRL
Asia

Sunrise Energy Metals Names CFO; Shares Fall 3%

Sunrise Energy Metals (ASX:SRL) said John Mullumby was appointed as chief financial officer, effective Aug. 24, succeeding Trevor Eton, according to a Wednesday Australian bourse filing.Mullumby most recently served as CFO of Gold Road Resources.The company's shares fell nearly 3% in recent trading on Wednesday.

ASX:SRL
Asia

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses on Friday.EQ Resources (ASX:EQR): -10%, AU$0.22Mesoblast (ASX:MSB): -10%, AU$2.50Orezone Gold (ASX:ORE): -8%, AU$2.07Ora Banda Mining (ASX:OBM): -8%, AU$0.99Regis Resources (ASX:RRL): -8%, AU$5.69Sunrise Energy Metals (ASX:SRL): -7%, AU$15.744DMedical (ASX:4DX): -7%, AU$3.49Weebit Nano (ASX:WBT): -7%, AU$6.04Elsight (ASX:ELS): -7%, AU$6.74Metals X (ASX:MLX): -7%, AU$1.35

ASX 200ASX:4DXASX:ELSASX:EQRASX:MLXASX:MSBASX:OBMASX:OREASX:RRLASX:SRLASX:WBT
Asia

Sunrise Energy Metals Continues to Advance Final Investment Decision Work Streams for New South Wales Scandium Project

Sunrise Energy Metals (ASX:SRL) continued to advance work streams required to support a final investment decision for the Syerston scandium project in New South Wales during the June quarter, including permitting and approvals, among others, according to a Thursday Australian bourse filing.The basis of design, process design criteria, and process flow diagrams for the processing circuit and associated infrastructure at the project were advanced to near completion, the filing said.The company is evaluating an expansion case for a potential additional 120 tonnes per year of scandium oxide production capacity, which would increase total potential production capacity to 180 tonnes per year, per the filing.Sunrise Energy Metals' shares gained nearly 2% in recent trading on Thursday.

ASX:SRL
Asia

Sunrise Energy Metals Joins New South Wales Royalty Deferral Scheme for Scandium Project

Sunrise Energy Metals (ASX:SRL) gained acceptance into the New South Wales critical minerals royalty deferral scheme for its Syerston scandium project, according to a Monday filing with the Australian bourse.Sunrise said it is one of only two companies that have so far been accepted into the scheme, which enables eligible companies to defer the payment of mining royalties for up to five years.The company also received a letter of interest from the US Export-Import Bank for $67 million of debt financing for the Syerston project, per the filing.

ASX:SRL
Asia

Sunrise Energy Metals to Invest $5 Million in US-Based Agni Semiconductor; Shares Down 3%

Sunrise Energy Metals (ASX:SRL) agreed to invest $5 million into US-based Agni Semiconductor, according to a Monday filing with the Australian bourse.The investment would represent 50% of Agni's proposed $10 million seed round at a $45 million pre-money valuation, per the filing.The investment, which is subject to the completion of due diligence and regulatory approvals, will be made by way of a simple agreement for future equity, which is expected convert into shares of Agni common stock when it reorganizes from a limited liability company to a Delaware C-corporation.Assuming the round is fully subscribed and all linked warrants are exercised, Sunrise expects to hold a stake of about 17% in Agni on a fully diluted basis, the company said. Sunrise will also receive rights to make follow-on investments in Agni.The deal will expand Sunrise's exposure to emerging scandium-enabled semiconductor technologies.The company's shares fell past 3% in recent Monday trade.

ASX:SRL
Asia

Sunrise Energy Metals Co-Chair Retires; Shares Fall 3%

Sunrise Energy Metals (ASX:SRL) said Co-Chair Jiang Zhaobai has informed the board of his decision to retire, effective Wednesday, May 6, according to a Thursday Australian bourse filing.The company's shares fell 3% in recent Thursday trade.

ASX:SRL
Asia

Sunrise Energy Metals Reports AU$117 Million Cash, Notes Growing US Interest in Scandium Project; Shares Up 5%

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.

ASX:SRL

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