Sunrise Energy Metals (SRL) Investor presentation summary

Project overview and strategic significance

• Syerston Scandium Project in NSW, Australia, is among the world's largest and highest-grade scandium deposits, fully permitted and targeting first production in 2H 2028 with an initial capacity of 60tpa Sc₂O₃.

• The project is positioned to meet decades of demand from fuel cells, aerospace alloys, and semiconductors, with modular expansion options supported by a large resource base.

• Sunrise has zero debt, a market cap of US $1.9bn, and US $110m in cash as of August 2026.

• The U.S. Department of War has committed up to US $400m in conditional debt over 25 years, with additional support from the U.S. Export-Import Bank.

• Strategic partnerships include Lockheed Martin and investment in Agni Semiconductor, advancing downstream integration and technology adoption.

Scandium market dynamics and applications

• Scandium is critical for fuel cells, high-frequency wireless networks, aerospace 3D printing, and next-gen semiconductors.

• Demand is driven by AI data centers, aerospace and defense, 5G/6G wireless communications, and advanced memory chips.

• Scandium-stabilized zirconia enhances fuel cell efficiency and reliability, vital for clean, scalable power.

• AlSc alloys offer unmatched strength-to-weight ratios for aerospace and defense, supporting advanced manufacturing.

• Aluminum-scandium nitride (AISCN) is essential for RF filtering in wireless and emerging semiconductor technologies.

Geopolitics, supply chain, and risk mitigation

• Over 85% of refined scandium is produced in China, which has restricted exports since 2025, increasing supply risk.

• U.S. Executive Order 14415 restricts defense contractors from sourcing critical minerals from adversaries, highlighting the need for secure Western supply.

• Syerston offers a multi-decade, scalable supply in a safe jurisdiction, addressing customer concerns and supporting strategic markets.

• The project acts as an insurance policy against geopolitical disruptions and is backed by long-term U.S. government funding.