Category: Projects & Operations

Sunrise raises $46m for world’s largest scandium mine

NewsProjects & Operations

Sunrise raises $46m for world’s largest scandium mine

Sunrise Energy Metals (ASX: SRL) has successfully raised major capital with its latest share placement to fund pre-construction activities at the Syerston scandium project in NSW.

Through the new joint venture, PSOCO will hold an indirect 15% stake in each of the mines.

Economics & Commodity PricesNewsProjects & Operations

MinRes sheds its stake in lithium business

Mineral Resources (ASX: MIN) will sell a 30% stake in its operational lithium business to POSCO Holdings for $1.2b (US$765m).