Sunrise Energy Metals Ltd (QX) (SREMF)

RF skips award to be in USA ... this could be really huge for Sunrise .... https://tradersunion.com/news/billionaires/show/1023852-robert-friedland-award/

Sunrise Energy Metals Limited (SRL.AX) nice hit up on aussie market last night


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6.17
+1.28
(+26.18%)

Found this good DD ...Good context — but it’s worth remembering that old headlines don’t drive new policy, especially not in defence supply chains now being re-written in Washington, Tokyo, and Canberra.


The Reuters article (22 Sept 2025) referred to a one-off Defense Logistics Agency (DLA) purchase from existing stock — not a multi-year Defense Production Act (Title III) strategic offtake. It named Rio Tinto Services Inc. as “sole vendor” simply because, at that point, Rio was the only registered producer in the DLA procurement system holding domestic scandium oxide inventory. That doesn’t mean the Pentagon has committed to long-term supply from Rio, or that Sunrise is excluded. DLA buys inventory; Title III builds capacity.


The EXIM $0-down Letter of Intent and concurrent DoD Title III package are precisely about creating new supply outside Rio Tinto’s small (<15 tpa) Quebec tailings stream — which remains demonstration-scale, not strategic. U.S. defence demand is projected at 60–100 tpa, spanning alloy, SOFC, and hypersonic-materials programs. That’s why the Pentagon’s FY-26 budget tables explicitly call for “new oxide refining capacity from allied partners (Australia, Japan, U.S.).”


Global capacity ? usable defence supply. The oft-quoted “80 tpa global” figure includes Russian, Chinese, and unrecoverable by-product output. Certified Western oxide production is below 20 tpa — hence the funding push by EXIM and JOGMEC to stand up new allied supply.


Rio’s Platina tie-up (2023) is legitimate but trivial in scale: only ~25 t contained scandium versus Sunrise’s >20 kt resource capable of >60 tpa for three decades. That’s why government programs in the U.S., Japan, and Australia still describe Sunrise as the cornerstone Western scandium oxide project.

As for the “Ni/Co vs Sc” narrative — it’s a false dichotomy. The integrated Sunrise model is exactly what policy makers want: nickel-cobalt drives base economics; scandium monetizes the refinery off-gas and anchors critical-alloy supply chains. Highlighting scandium now isn’t neglecting Ni/Co — it’s aligning with the strategic priority that unlocks both.


Yes, Rio and SMM read the trend early — but the industrial-scale scandium independence Washington and Tokyo are underwriting can only come from a project like Sunrise. That’s not hype; it’s what the EXIM filings, DoD budget lines, and JOGMEC board papers already make clear.


In simple terms:The U.S. is buying time from Rio — but it’s building independence with Sunrise.

https://www.cruxinvestor.com/posts/filling-the-scandium-vacuum-left-by-china-export-restrictions

Best DD is on Aussie board. https://hotcopper.com.au/asx/srl/

I'm still holding the bag, but I haven't been following it. I see the price has risen. Is there any specific news?

Scandium is back on the radar because China cut supply to the US. There was an exclusive report for US investors (13D) highlighting the Scandium story, where SRL was identified as the world's largest source of Sc. You can find the report on X (twitter), shared by user named @contrarian8888. SRL is finally getting some exposure.

You still around ? This looks like this might be a winner yet.

https://www.mining.com/web/benchmark-to-launch-green-nickel-prices-on-thursday/

https://www.cnbc.com/2024/02/14/us-energy-chief-concerned-about-chinas-critical-minerals-dominance.html

https://www.aumanufacturing.com.au/sunrise-looks-to-us-for-nickel-cobalt-refining

https://biv.com/article/2023/11/global-ev-mandates-would-require-388-new-mines-fraser-institute

I use the ceo.ca stock board also. They have private chats there.

You got that right

It looks like you have to be a paying customer to send a private message, which I am not. I take it you aren't either?

Do you have an E-mail addy you could share ?

Yes it sure seems to be that way to me. Sunrise would have to build plant here in the states then they could get US grant money for construction of refinery is what Sunrise would care about IMO. The US is still working on details of the plans so until then we have no idea of how this may pan out at this time... "Australian mining companies could also seek to partner in processing projects in the US" "which are expected by the end of the year" Maybe Sunrise will find out what it would need to hear about by EOY also.

Just to be clear to the casual reader here (are there any?), this concern would not apply to Sunrise, due to the agreement to send their material to the US for processing, right?

https://www.aspistrategist.org.au/proposed-us-rule-for-electric-vehicles-could-shut-out-australias-critical-minerals/

Yes very interesting news . Fingers crossed.

"Siting a refinery in the US would satisfy eligibility criteria under critical mineral-related initiatives, including Department of Energy (DoE) funds under the Bipartisan Infrastructure Law; Title III eligibility under the Defense Production Act; and the DoE’s US$20 billion Advanced Technology Vehicles Manufacturing loan program." Looks like we might get a slice of the boondoggle pie?

https://www.aumanufacturing.com.au/sunrise-looks-to-us-for-nickel-cobalt-refining

https://themarketherald.com.au/clean-teq-water-asxcnq-enters-north-american-lithium-market-through-lithiumbank-partnership-2023-09-11/

https://asia.nikkei.com/Spotlight/Electric-cars-in-China/China-extends-new-energy-vehicle-tax-break-through-2027

https://hotcopper.com.au/threads/ann-2023-annual-report.7537120/page-2

1.50
0.14
(10.29%)
At Close
13/07 (AEST)

https://www.bloomberg.com/news/videos/2023-06-27/rio-tinto-to-build-batteries-in-melbourne-video

https://asia.nikkei.com/Business/Automobiles/Honda-Ford-join-push-to-set-rules-for-blockchain-battery-passport

https://thewest.com.au/business/mining/rio-tinto-to-build-batteries-in-melbourne-to-test-green-tech-c-11112684?utm_campaign=share-icons&utm_source=twitter&utm_medium=social&tid=1687916434880

https://stockhead.com.au/resources/green-for-go-rfc-thinks-these-twenty-nickel-projects-are-most-likely-to-attract-a-takeover/

https://news.cornell.edu/stories/2023/04/critical-metal-needs-rise-while-cars-trucks-decarbonize

https://www.afr.com/companies/mining/pm-s-battery-dream-admirable-but-unlikely-ceos-20230228-p5co8j

2.25
0.23
(11.39%)

Nice day for SRL on Aussie market. Perhaps some real news soon.

https://themarketherald.com.au/sunrise-energy-metals-asxsrl-lands-conditional-approval-for-10m-grant-from-nsw-fund-2022-12-20/

2.26 AUD =
1.518933 USD

3:20 in https://www.bloomberg.com/news/videos/2022-05-19/invanhoe-s-friedland-on-drc-copper-project-clean-energy-video

https://wcsecure.weblink.com.au/pdf/CNQ/02587324.pdf

https://www.reuters.com/technology/exclusive-automakers-double-spending-evs-batteries-12-trillion-by-2030-2022-10-21/

https://10times.com/e1r2-7s5x-1hkg

2.65 AUD =
1.726245 USD
Sep 26, 2022 14:08 UTC

3.12 AUD =
2.104637 USD
Sep 14, 2022 18:37 UTC

Sunrise Energy Metals with Proactive at the ASX Small and Mid-Cap Conference

3.18 AUD =
2.150062 USD
Sep 08, 2022 07:13 UTC

https://www.reuters.com/business/autos-transportation/electric-vehicles-drive-up-nickel-cobalt-lithium-prices-2022-02-03/

https://amp-abc-net-au.cdn.ampproject.org/c/s/amp.abc.net.au/article/101358050

https://stockhead.com.au/resources/scandium-the-super-alloy-of-the-future-thats-also-the-secret-sauce-in-solid-oxide-fuel-cells/

https://www.icn.org.au/event/connecting-hunter-industry-conference/

There's a warning tonight a massive increase in mining will be needed to reach the government's target of cutting greenhouse gasses by 43% by 2030. @CUhlmann #9News pic.twitter.com/j0SfNDoIKm— 9News Australia (@9NewsAUS) August 24, 2022