Bloomberg
Australian Scandium Miner Soars After $400M US Investment
Tuesday, August 11, 2026
Sunrise Energy Metals secured $400 million in long-term debt financing from the Pentagon to expand scandium production. Scandium is used in aerospace and defense applications. The company's CEO Sam Riggall announced the financing arrangement, which was reported by Bloomberg.
Original reporting: https://www.bloomberg.com/news/videos/2026-08-11/081126-australia-ahead-video