Startup · $400m raised
Australian company mining scandium
Every investor coverage indicates participated in a round Sunrise Energy Metals raised.
| Investor | Rounds | Invested |
|---|---|---|
| Department of Defense | Venture debt | - |
| U.S. Department of Defense | Venture debt | - |
| US Department of Defense | Venture debt | $569,000,000 |
Companies Sunrise Energy Metals acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Sunrise Energy Metals. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
US battery materials maker Sila has been conditionally offered a defence loan of as much as $1.4 billion; three other materials firms also won Pentagon-backed deals, after a July equity round.
The US Defense Department has conditionally committed a US$400m loan to Sunrise Energy Metals to develop its Syerston scandium mine in New South Wales, announced at a Washington meeting with President Trump.
Also Dealroom
AuManufacturing reports Latrobe Magnesium holds a non-binding US EXIM loan indication that could reach $200 million; the ASX-listed producer also completed a $6 million placement last week.
Climate Energy Finance analysts review Australian federal and state programs backing critical minerals projects, covering government grants, low-cost loans, new budget funds and the private equity raises and debt facilities they catalysed.