Latest Syerston News

Sunrise Energy Metals has put its Syerston scandium project on a stronger financial footing, ending FY2026 with A$115.4 million in cash and a conditional US$400 million debt commitment. The project still faces a decisive sequence of tests: final investment approval, binding offtake agreements, financing conditions and construction execution.

Clean TeQ Water has landed a substantial Front End Engineering Design contract with Sunrise Energy Metals for the scandium recovery circuit at the Syerston Scandium Project, potentially worth A$5.4 million. The deal advances the engineering design following successful preliminary testwork and highlights Clean TeQ’s growing role in critical metals processing.

Australian Mines is poised to kick off a key drilling campaign at its Flemington Scandium Project, aiming to expand its already impressive resource and support plans to triple scandium production amid tightening supply.

Sunrise Energy Metals has landed a conditional US$400 million loan commitment from the U.S. Department of War’s Office of Strategic Capital to back its Syerston Scandium Project, while also initiating plans for a U.S. securities listing.

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 is fast-tracking studies to triple scandium oxide production at its Syerston project, aiming to meet soaring global demand and secure supply outside China. The initial 60tpa development targets commercial production in 2028, while the expanded 180tpa plan remains flexible and contingent on market signals.

Sunrise Energy Metals pushed forward its Syerston Scandium Project with key permitting, FEED study progress, and a Concept Level Study for tripling scandium oxide output. The company also made a strategic US$5 million investment in Agni Semiconductor, signalling a pivot into downstream scandium-enabled technologies.

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.

Rimfire Pacific Mining’s initial metallurgical tests at the Murga Scandium Deposit reveal promising scandium recoveries using atmospheric leaching, a less complex method than industry norms. The company has launched longer-term tests to validate these findings, potentially reshaping the economics of its Fifield scandium resources.

Sunrise Energy Metals is injecting US$5 million into Agni Semiconductor, a US-based developer of aluminium scandium nitride (AlScN) ferroelectric diode memory technology, marking a strategic pivot into downstream semiconductor innovation linked to its scandium resources.

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.

Clean TeQ Water boosted its cash position and operational momentum in Q3 FY26, winning a A$10.4 million DESALX execution contract at Nyrstar Belgium, completing a uranium plant at Heathgate Resources, and advancing lithium and phosphate projects internationally.