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Sunrise Energy Metals Limited (ASX:SRL)

ALERT: Price-sensitive ASX Announcement for SRL
Current share price for SRL : $16.050 4.3 (36.60%)+
Announcement
Release
21 Apr 2026 9:42AM
Price at Release
$11.750
Full Release
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Summary
Sunrise Energy Metals Limited has released its quarterly activities and cash flow report for March 2026, highlighting the completion of the Syerston Scandium Project Feasibility Study which indicates strong economic returns with a projected production of 60 tonnes per annum of scandium oxide at low operating costs. The project has attracted interest from U.S. users amid global supply constraints. The company reported significant cash inflows mainly from capital raisings. Despite a net cash outflow from operations, Sunrise holds a robust cash position with funds estimated to last 54.7 quarters, as they continue to progress discussions for securing scandium offtake agreements.
Key Points
  • Completion of the Syerston Scandium Project Feasibility Study indicating strong economics for the project.
  • The project's capital efficiency with a development cost of approximately US$120 million.
  • Forecast of producing 60 tonnes per year of scandium oxide with low operating costs.
  • Engagement with U.S. scandium users due to increased demand and restricted supply from China.
  • Sunrise Energy Metals included in the S&P/ASX All Ordinaries Index.
  • Significant increase in cash inflow mainly from capital raising and the exercise of unlisted options.
  • Net cash used in operating activities for the quarter was AU$2,142,000.
  • The Company maintains full equity interest in its mineral tenements.
  • The announcement was authorized by the Board of Directors of Sunrise Energy Metals Limited.
  • Estimated quarters of funding available based on cash flow projections is 54.7 quarters.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.