Victory Metals Secures $11.5M to Advance North Stanmore Heavy Rare Earths Project


 

Australia – August 2025
Victory Metals Limited (ASX: VTM) has successfully completed a $11.5 million institutional placement, providing the financial strength to accelerate development of its North Stanmore Heavy Rare Earths Project in Western Australia.

Strategic Funding

The placement will support:

  • Resource drilling of ultra-high HREE zones (up to 83% HREO/TREO)
  • Scandium oxide production initiatives
  • Progress on feasibility studies
  • General working capital requirements

This funding complements an existing US$190 million Letter of Interest from the US Export-Import Bank, ensuring robust financing pathways.

Resource Growth

The latest Mineral Resource Estimate (August 2025) confirms 320.6 million tonnes @ 510 ppm TREO + Sc₂O₃, including 176.5Mt in the Indicated category, making it the largest indicated clay-hosted HREE resource in Australia.

The deposit contains multiple high-value critical minerals:

  • Heavy rare earths (dysprosium, terbium, ytterbium)
  • Scandium (for lightweight alloys in aerospace/defence)
  • Gallium (used in semiconductors and AI chips)
  • Hafnium (nuclear and electronics industries)

Global Significance

Victory Metals has already confirmed gallium recovery from its final rare earth carbonate product, making it one of the first Australian companies to declare a gallium resource—a key advantage amid tightening global supply.

Additionally, the company has secured a non-binding offtake MOU with Sumitomo, covering 30% of its future rare earth carbonate output over five years.

Market Outlook

The global rare earths market is expected to grow from USD 3.74 billion in 2024 to USD 8.14 billion by 2032 (~10.2% CAGR). With strong demand drivers from EVs, renewable energy, and high-tech industries, North Stanmore is positioned as a world-class multi-commodity critical minerals hub.

Victory Metals’ North Stanmore Project is rapidly shaping into a cornerstone of Australia’s rare earths industry, with financial backing, strong partners, and a diversified critical mineral profile.

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