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…