Sunrise’s Placement Price Hits 15.3% Premium, Raising A$18.865M

A Strategic Capital Injection

Sunrise Energy Metals Limited has announced a successful follow-on placement, securing firm commitments to raise A$18.865 million by issuing 3.85 million shares at $4.90 each. This latest capital raise comes at a notable 15.3% premium to the company’s previous placement price announced just weeks earlier, signaling strong investor confidence in Sunrise’s flagship Syerston Scandium Project.

The placement remains conditional on shareholder approval, expected at a general meeting in mid-January 2026. If approved, the fresh funds will complement the A$46 million raised in November and potential US EXIM Bank support, positioning Sunrise with a robust financing package to advance its development plans.

Accelerating Pre-Construction Momentum

The capital injection is earmarked to accelerate critical pre-construction activities at Syerston, located in New South Wales. These activities include engineering design, connecting essential utilities such as water and power to the site, in-fill drilling to refine the mine plan, and early contracting for equipment with long lead times. This focused approach aims to de-risk the project’s critical path and pave the way for a final investment decision.

Sunrise’s Managing Director and CEO, Sam Riggall, emphasized the significance of this funding round, highlighting the company’s ambition to deliver the world’s first primary source of mineable, high-grade scandium. The Syerston deposit is already recognised as the largest and highest-grade scandium resource under development globally, targeting a market currently reliant on by-product supply.

Market Outlook and Strategic Positioning

Scandium’s growing demand, particularly in aerospace, fuel cells, and aluminium alloys, underpins Sunrise’s optimistic near-term outlook. The company continues to engage with a range of end-users, reflecting confidence in the metal’s expanding industrial applications. The recent premium pricing of the placement shares suggests investor appetite for exposure to this emerging critical mineral supply.

Moreover, the potential US EXIM Bank funding of up to US$67 million adds a strategic layer of financial support, enhancing Sunrise’s ability to secure comprehensive project financing. This multi-pronged funding strategy reduces execution risk and signals strong institutional backing.

Looking Ahead

While the placement is a positive step forward, the company’s progress hinges on shareholder approval and the successful execution of pre-construction milestones. The coming months will be critical as Sunrise navigates these approvals and continues to engage with financiers and end-users alike.