SRL 2.34% 31.3¢ sunrise energy metals limited

A New Sunrise - April 2021, page-302

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    27 August 2021
    Binding Agreement for the development of
    aluminium-scandium alloys
    MELBOURNE, Australia – Sunrise Energy Metals’ (‘Sunrise’ or ‘the Company’) (ASX:SRL and
    OTC:SREMF) Managing Director and CEO, Sam Riggall, is pleased to announce that the Company has
    entered into a binding Agreement (the ‘Agreement’) for the development of aluminium-scandium
    alloys with UACJ Corporation (‘UACJ’).
    Key Highlights
    • Sunrise Energy Metals is working with UACJ to develop a family of scandium containing
    alloys for transportation parts and equipment
    • Trace additions of scandium increase mechanical properties and thermal stability in
    conventional aluminium alloys
    • The Company’s Sunrise Project in New South Wales can produce up to 200 tonnes per
    annum of scandium oxide suitable for use in the alloy market
    The Agreement with UACJ, Japan’s largest aluminium producer, will focus on the research and future
    development 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 for
    material characterisation testing in specific components. Sunrise will contribute its technical
    expertise 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 extend
    research into the use of scandium in the transportation parts and equipment industry. UACJ is a
    global leader in aluminium alloys and fabricated components, with significant technical and research
    expertise to advance this development partnership. The utilisation of scandium in aluminium alloys
    will create a lighter, stronger and more thermally resistant alloy that is potentially suitable for use
    in a range of temperature-sensitive applications. Sunrise Energy Metals, with its significant
    scandium deposit and expertise in alloy development, is well positioned to provide scandium into
    this growing market.”
 
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