27 August 2021Binding Agreement for the development ofaluminium-scandium alloysMELBOURNE, Australia – Sunrise Energy Metals’ (‘Sunrise’ or ‘the Company’) (ASX:SRL andOTC:SREMF) Managing Director and CEO, Sam Riggall, is pleased to announce that the Company hasentered into a binding Agreement (the ‘Agreement’) for the development of aluminium-scandiumalloys with UACJ Corporation (‘UACJ’).Key Highlights• Sunrise Energy Metals is working with UACJ to develop a family of scandium containingalloys for transportation parts and equipment• Trace additions of scandium increase mechanical properties and thermal stability inconventional aluminium alloys• The Company’s Sunrise Project in New South Wales can produce up to 200 tonnes perannum of scandium oxide suitable for use in the alloy marketThe Agreement with UACJ, Japan’s largest aluminium producer, will focus on the research and futuredevelopment of aluminium-scandium alloys for the use in transportation parts and equipment.Under the Agreement UACJ and Sunrise will develop a range of aluminium-scandium alloys formaterial characterisation testing in specific components. Sunrise will contribute its technicalexpertise and, over time, provide the scandium needed by UACJ for use in the alloys.Managing Director and CEO, Sam Riggall said: “We are delighted to be working with UACJ to extendresearch into the use of scandium in the transportation parts and equipment industry. UACJ is aglobal leader in aluminium alloys and fabricated components, with significant technical and researchexpertise to advance this development partnership. The utilisation of scandium in aluminium alloyswill create a lighter, stronger and more thermally resistant alloy that is potentially suitable for usein a range of temperature-sensitive applications. Sunrise Energy Metals, with its significantscandium deposit and expertise in alloy development, is well positioned to provide scandium intothis growing market.”
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