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Victory Metals Limited (ASX: VTM) has significantly strengthened its North Stanmore Project by adding 4,788 tonnes of Gallium Oxide to its Mineral Resource Estimate, now totaling 247.5 million dry metric tonnes. This positions Victory among the few Australian firms declaring Gallium as a resource, elevating its profile as a critical minerals supplier amid Chinese export controls. Key recoveries include high-extraction rates of heavy rare earths like Terbium (94%) and Dysprosium (87%). The company secured a US$10 million loan commitment from Sanabil Investments LLC and received a Letter of Interest from the Export-Import Bank of the United States for potential project financing of up to US$190 million. Additionally, Victory completed a $4 million placement supported by its leadership and top shareholders. With $6.46Million cash and $624K in prepaid feasibility spend, the company remains well funded to advance development in Western Australia.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.