Sunrise Energy Metals (SRL) Investor Presentation summary

Portfolio and project status

• Syerston Scandium is the largest high-grade scandium resource globally, with a feasibility study update underway and a strategy to develop a mineable scandium source for strategic markets like semiconductors and defense alloys.

• The nickel-cobalt project is development-ready but work is limited due to excess supply in the market; copper-gold exploration is ongoing with drilling planned for 1H25.

Scandium market and supply dynamics

• Over 90% of global scandium demand comes from US industry, mainly for fuel cells, aluminum alloys, and semiconductors.

• China dominates global scandium supply, controlling pricing and vertical integration, with most production from reprocessed titanium dioxide pigment waste.

• New US tariffs and Chinese export controls have disrupted supply, with China declaring scandium a 'dual-use item' and halting exports since April 2025.

Scandium applications and alloy development

• Scandium significantly enhances aluminum alloys, improving strength, corrosion resistance, and weldability, enabling substitution for steel in high-value markets.

• Development efforts focus on reducing scandium content per unit of performance to lower costs and expand market adoption.

• Partnerships with global industry leaders and universities have advanced alloy development for aerospace, automotive, 3D printing, and telecommunications.

• A growing patent portfolio covers heat treatment, additive manufacturing, battery foils, and welding wire technologies.