Monday, 10 August 2026 · World
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EUROS The World Financial Report
Nº 30 Monday, 10 August 2026 · World Edition
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U.S. Bets $400 Million on Australian Scandium Miner to Break China's Grip

Oilprice.com · 1h ago · 🇺🇸 United States
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. Administration said on Friday. Sunrise Energy Metals owns the Syerston Scandium Project in New South…

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