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Victory Metals and Sumitomo Cement Rare Earths Partnership with New LOI
9:32am on Wednesday 1st of October, 2025 AEST
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Victory Metals and Sumitomo Cement Rare Earths Partnership with New LOI
9:32am on Wednesday 1st of October, 2025 AEST
Key Points
Non-binding LOI signed with Sumitomo Corporation for rare earth offtake
Victory to supply up to 30% of annual production, including 50 tonnes of DyTb
Pilot plant sales expected to start in 2027 ahead of commercial production
Partnership builds on December 2024 MOU, extending cooperation to 2028
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