• Permitting activities for Syerston Scandium Project progressed with key Environmental Management Plans
• Strategic equity investment of US$5 million into Agni Semiconductor LLC
• Exploration activities continue across Sunrise's portfolio of assets
• Continued engagement with U.S. scandium users indicates growing interest in Syerston Project

Sunrise Energy Metals Ltd. (ASX:SRL) reported significant progress in its June 2026 Quarterly Activities and Cash Flow. Key highlights include the advancement of permitting activities for the Syerston Scandium Project with the NSW Department of Planning, Housing and Infrastructure. The project's Front-End Engineering Design (FEED) Study continued to progress, with the basis of design, Process Design Criteria, and Process Flow Diagrams nearing completion. Procurement activities for long-lead items were also underway. The company made a strategic equity investment of US$5 million into Agni Semiconductor LLC, a U.S.-based developer of next-generation non-volatile memory. Continued engagement with U.S. scandium users indicates a growing interest in the Syerston Project. Exploration activities across Sunrise's portfolio of assets continued, with a drilling program planned for the second half of the year on the Clonagh Joint Venture tenements in Queensland.