Australian rare earth miner surges as much as 29% after U.S. Department of War investment
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Source: CNBC
Published: 2026-08-10 17:03 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Property, Military & Defence, Australia, Energy, Tax & Budget, World News, US Politics, Business & Economy, War & Conflict
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Snippet:
Shares of Australia's Sunrise Energy Metals jumped as much as 29% on Monday after the rare earth miner secured a $400 million investment in long-term debt financing from the U.S. to support the development of the world's first primary mine for scandium.
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