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U.S. Defense Funds First Scandium Mine | Raleigh News
Sunrise Energy Metals just snagged a $400 million U.S. military loan to build the world’s first scandium mine — a rare earth metal critical for fighter jets, missiles, and AI data centers. The 25-year deal unlocks funding in stages as milestones are hit, with a strict requirement: the facility must be built in the U.S., giving the Pentagon first dibs on output. The move sent Sunrise’s stock soaring, lifting fears over funding — but risks linger: China dominates the market, prices could crash, and full production isn’t expected until late 2028. Listen in comfort:Get a discount on a Soli…
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