Sunrise Energy Metals received a conditional US$400 million loan commitment from the U.S. Office of Strategic Capital. The funding supports the development of the Syerston Scandium Project in Australia.
This long-term debt financing aims to de-risk development and accelerate scandium production. Scandium serves as a critical material for defense, aerospace, and AI infrastructure.
Sunrise plans to pursue a U.S. stock exchange listing to broaden its access to global capital. The company targets a final investment decision in the second half of 2026.
The move reflects a trend of Western governments funding supply chains essential to national security.