U.S. Bets $400 Million on Australian Scandium Miner to Break China's Grip
The U.S. Office of Strategic Capital conditionally committed up to US$400 million in a proposed 25-year debt facility to Sunrise Energy Metals Ltd to develop its Syerston Scandium Project in Australia, according to the U.S. Administration. Scandium is used in defense and aerospace. The financing includes a right of first offer on output. Sunrise shares opened up 29% on Monday.




