Mentioned:
One of the most promising scandium projects in the world has caught the attention of the Export-Import Bank of the United States. But, why?
What’s happening:
- The Export-Import Bank of the United States has awarded Sunrise Energy Metals (ASX: SRL) a letter of interest for $67M USD in new funding to advance their Syerston Scandium Project located in New South Wales, Australia
Why it matters:
- The Syerston Scandium Project is one of the world’s single largest and highest grade scandium resources in the entire world
Going deeper:
- Legendary mining entrepreneur and financier Robert Friedland is the largest shareholder of Sunrise Energy Metals, owning approximately 19% of the entire company
- Most of the world’s supply of scandium currently comes from China and is produced as a byproduct of titanium dioxide and real earth element processing, with very little scandium supply coming from North America, Europe or Australia
