Latest Scandium Market News

Narryer Metals has uncovered a new scandium-rich project in Western Australia’s Great Southern region, with historic drilling showing promising grades over a 1.7km strike. The Pingrup Project complements its Rocky Gully asset and could position the company as a notable scandium supplier.

Australian Mines has fast-tracked its Flemington Scandium Project pre-feasibility study to explore scaling production from 60 to 180 tonnes per annum amid rising market demand. The study builds on a strong scoping study that valued the project at up to US$860 million NPV.

Sunrise Energy Metals has won a key financial reprieve with acceptance into New South Wales’ Critical Minerals Royalty Deferral Scheme, supporting the development of its Syerston Scandium Project, a rare scalable source outside China critical for advanced technology supply chains.

Australian Mines has reaffirmed strong economics for its Flemington Scandium Project, highlighting a robust 28-year mine life and significant leverage to scandium price scenarios.

Australian Mines Limited has raised $3 million through a strategic placement led by Tribeca Investment Partners to fast-track its Flemington Scandium Project from scoping to pre-feasibility study, aiming to de-risk and advance permitting.

Hawk Resources reports high-grade copper mineralisation at Utah's Cactus project and secures an option to acquire up to 80% of Arizona's Meerkat copper project, while progressing scandium exploration in Western Australia.

Australian Mines Limited's latest scoping study for its Flemington Scandium Project reveals strong financial metrics and significant upside potential tied to scandium pricing, underscoring the project's strategic position in critical minerals.

Sunrise Energy Metals has confirmed strong economics for its Syerston Scandium Project with a US$120 million feasibility study, targeting 60 tonnes per year of scandium oxide and potential expansion to 180 tonnes. The project benefits from US government financing interest and rising global demand amid Chinese export restrictions.

Conico Ltd has finalised a major recapitalisation and corporate restructure, positioning itself for renewed exploration with a focus on scandium amid strong market demand. The company plans an extensive drilling program at its Mt Thirsty project to expand its scandium resource.

Sunrise Energy Metals advances its Syerston Scandium Project with a robust updated Ore Reserve supporting a 32-year mine life, alongside significant financing commitments and a strategic offtake option with Lockheed Martin.

Clean TeQ Water has landed a $665,160 engineering contract with Sunrise Energy Metals to update key designs for the Syerston Scandium Project, supporting a crucial investment decision.

Sunrise Energy Metals has raised A$32.5 million through a follow-on placement, advancing its flagship Syerston Scandium Project toward mid-2026 construction. This latest capital injection builds on a total of A$105 million raised since June 2025, underscoring strong investor confidence amid growing scandium demand.