Sunrise Energy Metals Limited (ASX:SRL) Renews Aluminium-Scandium Research Agreement
Research Agreement Renewal
Sunrise Energy Metals Limited (ASX:SRL) has renewed its research agreement with UACJ Corporation of Japan for a further twelve months, extending the joint programme until January 2026. Both parties will cover their own costs related to their roles in the research. The programme focuses on developing an aluminium-scandium alloy for heat-resistant automotive components. The next phase will define heat treatment and aging profiles of previously identified alloy compositions, with all intellectual property jointly owned.
Executive Comments
Sunrise Energy Metals MD/CEO, Sam Riggall, stated, “We are pleased to extend our research partnership with UACJ and are encouraged by the results that have been achieved to date. The adoption of scandium in automotive components has the potential to create a material step-change in scandium demand and therefore remains a primary focus for our development efforts. The stand-alone Syerston Scandium Project is the cornerstone of our strategy to incrementally build this market, providing customers with the assurance of plentiful, low-cost supply from Australia that can be readily scaled to their needs. We continue to engage with a broad range of scandium end-users to convert formal expressions of interest into offtake.”
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