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Victory Goldfields Limited ( (AU:VTM) ) has issued an update.
Victory Metals Limited has announced significant developments in its North Stanmore Project, including an enhanced Mineral Resource Estimate with the inclusion of Gallium as a by-product. The company has secured financial commitments, including a US$10 million loan from Sanabil Investments LLC and a letter of intent for up to US$190 million in project financing from the Export-Import Bank of the United States. These developments position Victory Metals as a potential key supplier of heavy rare earth elements, particularly in light of new Chinese export restrictions.
More about Victory Goldfields Limited
Victory Metals Limited operates in the mining industry, focusing on the extraction and supply of rare earth elements. The company’s primary project, the North Stanmore Project, is located in Western Australia and aims to supply critical minerals essential for high-growth industries such as renewable energy, electric vehicles, and defense.
Average Trading Volume: 344,370
Technical Sentiment Signal: Buy
Current Market Cap: A$96.1M
For a thorough assessment of VTM stock, go to TipRanks’ Stock Analysis page.