
US funds Australian rare-earth project to reduce China dependence
The US government, via the Office of Strategic Capital, approved a $400 million loan to Sunrise Energy to advance its Syerston scandium mine near Parkes, NSW, with a right of first offer on output and a planned US listing; backed by Robert Friedland, the move aims to diversify non-Chinese rare-earth supplies for defence and tech industries, and Sunrise shares rose as production is targeted for the second half of 2028.




