US Pentagon Invests $560 Million in Australian Scandium Project
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US Department of War, Sunrise Energy Metals
New South Wales, Australia
August 7, 2026
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COMPAMIR Editorial Team
The COMPAMIR editorial team brings together public reporting and links to the original coverage. We update the page as new information emerges.
Read our editorial policy- Earlier version 18/8/2026, 9:40:59 AM
The US Department of War is investing $560 million in Sunrise Energy Metals' Syerston project in NSW. The project aims to become the world's first primary source of high-grade scandium. The investment is part of a broader US strategy to reduce dependence on foreign competitors like China and Russia for critical minerals.
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