Victory Metals Secures US Government Support for Rare Earth Project

TipRanks Australian Auto-Generated Newsdesk

Apr 22, 2025, 

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Victory Metals received a US$190M financing letter from EXIM.

This positions Victory as a key non-Chinese supplier of critical materials.


Victory Metals Limited has received a Letter of Interest from the Export-Import Bank of the United States for up to US$190 million in project financing to develop its North Stanmore Heavy Rare Earths Project. This support positions Victory as a key player in the critical minerals industry, attracting international government-backed funding and enhancing its potential as a secure, non-Chinese supplier of critical materials. The backing from EXIM is expected to accelerate partnerships with U.S. and international industries seeking ethical sources of critical materials.


More about Victory Goldfields Limited
Victory Metals Limited is focused on the exploration and development of its North Stanmore Heavy Rare Earth Elements (HREE), Scandium, and Hafnium Project in Western Australia’s Cue Region. The company aims to advance this significant project to unlock its potential in the critical minerals sector.