scandium

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The US Pentagon has provided a conditional $400 million loan to support the Sunrise Energy Metals scandium mining project in Australia.

The US Department of Defense has announced a substantial $400 million conditional loan to support Sunrise Energy Metals' scandium mining project in New South Wales, Australia. This strategic investment highlights the importance of scandium as a critical mineral, with the loan aimed at expanding production capabilities. The involvement of the Pentagon underscores the geopolitical and economic significance of securing supply chains for this valuable resource.