Board Change • May 20
High number of new directors Non-Executive Director Peter Arnell was the last director to join the board, commencing their role in 2026. Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. CFO & Independent Non-Executive Director Trevor Eton was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. CFO & Independent Non-Executive Director Trevor Eton was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 16
Sunrise Energy Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 32.5 million. Sunrise Energy Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 32.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,000,000
Price\Range: AUD 6.5
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Dec 04
Sunrise Energy Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 18.865 million. Sunrise Energy Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 18.865 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,850,000
Price\Range: AUD 4.9
Transaction Features: Subsequent Direct Listing Announcement • Nov 18
Sunrise Energy Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 45.602504 million. Sunrise Energy Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 45.602504 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 8,896,471
Price\Range: AUD 4.25
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,833,530
Price\Range: AUD 4.25
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Oct 15
Sunrise Energy Metals Limited, Annual General Meeting, Nov 13, 2025 Sunrise Energy Metals Limited, Annual General Meeting, Nov 13, 2025. Location: at baker mckenzie, level 19, cbw, 181 william street, melbourne, vic 3000 Australia Recent Insider Transactions • Aug 22
MD, CEO & Executive Director recently sold AU$329k worth of stock On the 21st of August, Sam Riggall sold around 180k shares on-market at roughly AU$1.83 per share. This transaction amounted to 6.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Sam's only on-market trade for the last 12 months. Board Change • Aug 18
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. 2 independent directors (4 non-independent directors). CFO & Independent Non-Executive Director Trevor Eton was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Jun 24
Sunrise Energy Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 6 million. Sunrise Energy Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: AUD 0.3
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: AUD 0.3
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Board Change • May 01
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. 2 independent directors (4 non-independent directors). CFO & Independent Non-Executive Director Trevor Eton was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 08
Sunrise Energy Metals Limited Announces Positive Results from Assays Recently Return from Historical Drill Pulps Sunrise Energy Metals Limited announced positive results from assays recently returned from historical (1997) drill pulps that indicate further areas of high-grade scandium (Sc) mineralisation at the Syerston Scandium Project. Sunrise recently provided an update to the Syerston MRE that confirmed a global scandium resource comprising 60.3Mt at 390ppm Sc (c. 23,500 tonnes of contained Sc at a 300ppm Sc cut-off grade)1. On 5 February 2025, Sunrise announced an update to the Sc component of the Syerston MRE within ML1770. The announcement also advised that the Company is working on an update to the Syerston Project Feasibility Study for the development of a dedicated scandium mine and processing plant. As part of this work, a new sandium RC drilling programme has been finalised and is due to commence early this quarter. The RC drilling campaign is planned for 5,000 drill metres over 125 holes to an average depth of 40m, targeting areas of high-grade Sc confirmed by historical drilling and the recently returned high-grade Sc assays from the historical drill samples. The Parkes based drilling contractor, Resolution Drilling, has been engaged to undertake the drilling and the programme is due to commence upon receiving the necessary approvals from the NSW Resources Regulator. The drilling campaign is to focus on expanding the tonnage within the high-grade Sc areas of the deposit. There remain a number of undrilled areas on the periphery of the dunite intrusion where the high-grade Sc appears to be concentrated. The updated February 2025 Syerston MRE was completed by Mining One Pty Ltd. and confirms the presence of high-grade Sc mineralisation at shallow depths in the laterite soils. The Measured, Indicated and Inferred (M+I+I) MRE of 60.3Mt at390ppm Sc (23,554 tonnes of contained Sc at a300ppm Sc cut-offgrade), subject to a further update following the upcoming drilling campaign, will form the basis of the development plan and updated Syerston Project Feasibility Study for a stand-alone scandium mine and processing facility near the township of Fifield in central-west NSW (approximately 450km west of Sydney). The updated February 2025 Syerston MRE comprises a total of 1,940 drill holes over 73,870m of drilling and includes 47,817 assays. The interpreted mineralisation covers a lateral extent of 4.5 km (north-south) by 4.2 km (east-west). Cut-off, Class, Mt (dry), Sc (dry Sc (ppm), Sc (t), Sc (t), Sc2O3 Eq (t), 300 ppm Sc, Sc), 300 ppm Sc from 17m (SRC1007). Board Change • Feb 04
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. 2 independent directors (4 non-independent directors). CFO & Independent Non-Executive Director Trevor Eton was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Dec 24
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. 2 independent directors (4 non-independent directors). CFO & Independent Non-Executive Director Trevor Eton was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Sep 20
Sunrise Energy Metals Limited, Annual General Meeting, Oct 22, 2024 Sunrise Energy Metals Limited, Annual General Meeting, Oct 22, 2024. Location: baker mckenzie, level 19, cbw, 181 william street, melbourne, vic 3000, Australia New Risk • Jun 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m (AU$710k revenue, or US$470k). Minor Risk Market cap is less than US$100m (AU$37.9m market cap, or US$25.1m). New Risk • Apr 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (AU$710k revenue, or US$470k). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$66.8m market cap, or US$44.2m). Announcement • Sep 18
Sunrise Energy Metals Limited(ASX:SRL) dropped from S&P/ASX Emerging Companies Index Sunrise Energy Metals Limited(ASX:SRL) dropped from S&P/ASX Emerging Companies Index Reported Earnings • Aug 24
Full year 2023 earnings released: AU$0.10 loss per share (vs AU$0.17 loss in FY 2022) Full year 2023 results: AU$0.10 loss per share (improved from AU$0.17 loss in FY 2022). Net loss: AU$9.12m (loss narrowed 40% from FY 2022). Revenue is expected to decline by 150% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in Australia are expected to grow by 2.3%. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Aug 22
Sunrise Energy Metals Limited, Annual General Meeting, Oct 27, 2023 Sunrise Energy Metals Limited, Annual General Meeting, Oct 27, 2023, at 13:00 AUS Eastern Standard Time. Reported Earnings • Feb 25
First half 2023 earnings released: AU$0.046 loss per share (vs AU$0.11 loss in 1H 2022) First half 2023 results: AU$0.046 loss per share (improved from AU$0.11 loss in 1H 2022). Net loss: AU$4.12m (loss narrowed 60% from 1H 2022). Revenue is forecast to decline by 49% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Australia are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Board Change • Nov 17
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Trevor Eton was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 24
Full year 2022 earnings released: AU$0.17 loss per share (vs AU$0.21 loss in FY 2021) Full year 2022 results: AU$0.17 loss per share (up from AU$0.21 loss in FY 2021). Net loss: AU$15.3m (loss narrowed 9.9% from FY 2021). Over the next year, revenue is expected to shrink by 100% compared to a 80,096% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Recent Insider Transactions • May 20
MD, CEO & Executive Director recently sold AU$218k worth of stock On the 16th of May, Sam Riggall sold around 80k shares on-market at roughly AU$2.73 per share. This was the largest sale by an insider in the last 3 months. This was Sam's only on-market trade for the last 12 months. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Trevor Eton was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Breakeven Date Change • Mar 02
No longer forecast to breakeven The 2 analysts covering Sunrise Energy Metals no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$131.0m in 2023. New consensus forecast suggests the company will make a loss of AU$8.00m in 2023. Breakeven Date Change • Nov 24
No longer forecast to breakeven The 2 analysts covering Sunrise Energy Metals no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$131.0m in 2023. New consensus forecast suggests the company will make a loss of AU$8.00m in 2023. Reported Earnings • Sep 03
Full year 2021 earnings released: AU$0.21 loss per share (vs AU$2.65 loss in FY 2020) Full year 2021 results: Net loss: AU$17.0m (loss narrowed 91% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 35 percentage points per year, which is a significant difference in performance. Executive Departure • Jul 06
Independent Non-Executive Director Judith Downes has left the company On the 30th of June, Judith Downes' tenure as Independent Non-Executive Director ended after 2.7 years in the role. As of March 2021, Judith still personally held 47.73k shares (AU$124k worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 8.25 years. Executive Departure • Jul 06
Independent Non-Executive Director Ian Knight has left the company On the 30th of June, Ian Knight's tenure as Independent Non-Executive Director ended after 8.0 years in the role. As of March 2021, Ian still personally held 111.84k shares (AU$140k worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 8.25 years. Is New 90 Day High Low • Mar 10
New 90-day low: AU$0.24 The company is down 6.0% from its price of AU$0.26 on 10 December 2020. The Australian market is up 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Commercial Services industry, which is down 7.0% over the same period. Reported Earnings • Mar 02
First half 2021 earnings released: AU$0.013 loss per share (vs AU$0.013 loss in 1H 2020) First half 2021 results: Net loss: AU$10.0m (flat on 1H 2020). Over the last 3 years on average, earnings per share has fallen by 98% per year but the company’s share price has only fallen by 39% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 15
New 90-day high: AU$0.35 The company is up 6.0% from its price of AU$0.33 on 16 October 2020. The Australian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Commercial Services industry, which is up 4.0% over the same period. 