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An announcement from Sunrise Energy Metals ( (AU:SRL) ) is now available.
Sunrise Energy Metals has announced a significant increase in the Mineral Resource Estimate for its Syerston Scandium Project, with a 160% rise in contained scandium metal, positioning it as the world’s largest and highest-grade scandium deposit. This development comes amid global supply shortages and rising prices due to China’s export restrictions, enhancing the project’s strategic importance and supporting ongoing financing and offtake discussions.
The most recent analyst rating on (AU:SRL) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Sunrise Energy Metals stock, see the AU:SRL Stock Forecast page.
More about Sunrise Energy Metals
Sunrise Energy Metals Limited is a company operating in the rare earth industry, focusing on the exploration and development of scandium resources. The company is known for its Syerston Scandium Project in central-west New South Wales, Australia, which is recognized as the world’s largest and highest-grade scandium deposit.
Average Trading Volume: 451,546
Technical Sentiment Signal: Buy
Current Market Cap: A$235.4M
For a thorough assessment of SRL stock, go to TipRanks’ Stock Analysis page.