• Conditional $400m loan from U.S. Office of Strategic Capital for Syerston Scandium Project
• Aim to secure long-term scandium supply outside China
• Intention to pursue U.S. listing to access larger capital market

Sunrise Energy Metals Limited announced that the U.S. Department of War's Office of Strategic Capital has conditionally committed up to $400 million in debt financing for the development of its Syerston Scandium Project in New South Wales, Australia. This funding aligns with the strategic goal of securing long-term scandium supply outside China. The Syerston Project is being developed as a large-scale, long-life, and low-cost source of primary scandium. The conditional commitment, which is subject to due diligence and the satisfaction of other conditions, is intended to significantly reduce development and funding risk. Sunrise has also commenced preparations to list on a U.S. securities exchange, subject to shareholder, court, and regulatory approvals.