Aug. 11 at 5:12 AM
$BE — Well, this is awkward for the Hunterbrook scandium thesis 😂
https://seekingalpha.com/news/4629683-australias-sunrise-energy-metals-jumps-up-to-29-following-us-war-dept-deal?share_source=shared_news&source=copy_to_clipboard
U.S. government just backed Sunrise Energy Metals with a
$400M conditional loan to develop a major Western scandium supply source. 🇺🇸🇦🇺
Hunterbrook’s bear case leaned heavily on scandium scarcity / China dependence becoming a bottleneck as Bloom scales.
Meanwhile, governments are literally throwing hundreds of millions at building out NON-CHINESE scandium supply. 😂
And Bloom already stated in its SEC filing that it has supply visibility to support 25 GW/year of fuel-cell production and is not dependent on China.
Does this prove Sunrise supplies Bloom? No.
Does it put another pretty big hole in the idea that Western scandium supply can’t scale with demand? Absolutely.
The higher
$BE demand gets, the more incentive there is to build the supply chain around it. 📈⚡
