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Victory Metals Secures Sumitomo MOU and Boosts Rare Earth Resource at North Stanmore
7:03pm on Monday 2nd of June, 2025 AEST
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Victory Metals Secures Sumitomo MOU and Boosts Rare Earth Resource at North Stanmore
7:03pm on Monday 2nd of June, 2025 AEST
Key Points
Strategic non-binding offtake MOU signed with Fortune Global 500 Sumitomo Corporation
North Stanmore Mineral Resource Estimate upgraded to 247.5 million tonnes at 520ppm TREO plus Scandium
High-grade near-surface zone expanded to 53 million tonnes at 1,012ppm TREO plus Scandium
Heavy Rare Earth Oxide to Total Rare Earth Oxide ratio remains strong at 38%
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