Sunrise Energy Metals (SRL) Q4 2026 TU earnings summary

Project development and permitting

• Advanced key Environmental Management Plans with NSW authorities, including heritage, biodiversity, and revegetation strategies.

• Syerston Project FEED Study progressed, nearing completion of design criteria and process flow diagrams for the processing circuit.

• Procurement for long-lead items such as boilers and vessels issued for tender.

• Non-process infrastructure workstreams advanced, including tailings facility, power solutions, and communications upgrades.

• Accepted into the NSW Critical Minerals Royalty Deferral Scheme, highlighting government support.

Expansion and strategic initiatives

• Commenced evaluation of an expansion case to increase scandium oxide production capacity from 60tpa to 180tpa, including mine planning and cost estimates.

• Made a US$5 million strategic investment in Agni Semiconductor LLC to participate in downstream scandium-enabled semiconductor technologies.

• Continued engagement with U.S. scandium users and defense contractors, indicating growing market interest.

Exploration and partnerships

• Planned drilling campaign for Clonagh JV tenements in Queensland in the second half of 2026.

• Entered a partnership with I-Pulse to deploy pulsed-power drilling technology at Millungera Basin, with I-Pulse investing $5 million for an 80% interest.