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Australia Greenlights Major Rare Earths Project
2 Nov
Summary
- Sunrise Energy Metals is developing the Syerston scandium mine and refinery.
- Production is targeted to commence in 2028.
- The project is backed by the US Department of War.
An Australian miner, Sunrise Energy Metals Ltd., has announced the green light for its significant rare earths project. The company, spearheaded by billionaire Robert Friedland and with backing from the US Department of War, will proceed with the development of the Syerston scandium mine and refinery located in New South Wales.
Production at the Syerston site is anticipated to commence in 2028. This development marks a crucial step in securing critical rare earth elements, with the US Department of War's involvement underscoring the project's strategic global significance.
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