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Victory Metals Secures $10M Saudi Loan to Fast-Track Rare Earths Project
9:59am on Tuesday 24th of June, 2025 AEST
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Mining
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Victory Metals Secures $10M Saudi Loan to Fast-Track Rare Earths Project
9:59am on Tuesday 24th of June, 2025 AEST
Key Points
US$10 million unsecured loan facility from Sanabil Investments
Two-year interest moratorium followed by 3.9% interest rate
Sanabil holds right of first refusal for A$330 million future funding
Funding aligns with Saudi Arabia’s Vision 2030 economic diversification
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