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$11.5M Placement Fuels Victory Metals’ Push into Ultra-Heavy Rare Earths
11:26pm on Friday 29th of August, 2025 AEST
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Mining
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$11.5M Placement Fuels Victory Metals’ Push into Ultra-Heavy Rare Earths
11:26pm on Friday 29th of August, 2025 AEST
Key Points
Institutional placement raises $11.5 million at $1.35 per share
Funds earmarked for targeted drilling of ultra-high heavy rare earth zones
Advancement of scandium oxide production and feasibility studies
Victory declines Sanabil loan, pursuing US$190 million US government funding
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Victory Metals (ASX:VTM)
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