Sunrise Energy delivers feasibility study for Friedland-backed scandium project
- •The fact that both the US and Australia are classifying it as "critical minerals of great importance to national security" really jumps out at me.
- •The demand for these materials is only going to grow, and it seems like securing domestic supply chains is a huge focus for governments.
- •I'm curious what you all think.
Hey everyone, just read this article on mining.com about Sunrise Energy's scandium project, thought it was worth sharing: https://www.mining.com/sunrise-energy-delivers-feasibility-study-for-friedland-backed-scandium-project/
This Syerston project, backed by Friedland, sounds pretty massive. The fact that both the US and Australia are classifying it as "critical minerals of great importance to national security" really jumps out at me. I've been dabbling in a few critical minerals plays in my portfolio over the last year or so, especially with all the buzz around EV batteries and renewable energy infrastructure. The demand for these materials is only going to grow, and it seems like securing domestic supply chains is a huge focus for governments. This could mean some serious long-term stability and perhaps even incentives for projects like this, something we definitely need to consider when evaluating these companies for our retirement portfolios.
I'm curious what you all think. Are any of you looking into scandium or other less common critical minerals? I've mostly focused on lithium and nickel, but this article has me wondering if I should be broadening my horizons a bit more. Given the strategic importance, it seems like the geopolitical factor could play a significant role in its success. Let me know if you've done any deep dives on this project or similar ones!