Used the usual tools to look at SRL. I havent really dug in, but it does seem like Scandium is a by-product, while nickel and cobalt are the primaries. Very different to RIM, where scandium looks to be the driver, and cobalt/nickel is secondary.
Sunrise Energy Metals’ Sunrise Project is more dependent on cobalt and nickel than on scandium. While scandium is an important by-product, the project's primary focus is the production of nickel and cobalt, which are essential for battery materials used in electric vehicles (EVs).
Key Points Supporting Nickel and Cobalt Dependency:
Resource Breakdown:Nickel Resource: 1 million tonnes of nickel.Cobalt Resource: 160,000 tonnes of cobalt.Scandium Resource: 30,000 tonnes of scandium.The nickel and cobalt resources are far larger than the scandium resource, emphasizing the focus on battery metals.
Annual Production Focus:The project’s estimated annual production is:Nickel: 21,300 tonnes per year.Cobalt: 4,400 tonnes per year.Scandium: A much smaller by-product amount (exact annual production not highlighted as critical compared to nickel and cobalt).
RIM Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held
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