StockTake: Victory and Sumitomo progress North Stanmore rare earths partnership

“Exciting milestone”: Victory announces partnership with Japanese giant - Mining Magazine Australia

Rare earth and critical minerals extracted. Image: Anastasiia/stock.adobe.comVictory Metals chief executive officer Brendan Clark has hailed its new North Stanmore heavy rare earth project partnership with a Tokyo-based powerhouse, the Sumitomo Corporation, as “critical for renewable energy”.  The Western Australian critical minerals explorer has announced a non-binding letter of intent (LOI) with the Sumitomo Corporation, committing to deliveri…

StockTake: Victory and Sumitomo progress North Stanmore rare earths partnership

Host Tylah Tully looks at Victory Metals (ASX:VTM), which has just inked a non-binding letter of intent with MoU partner Sumitomo, one of Japan’s biggest and most diversified trading giants. The deal will see material from Victory’s world-class North Stanmore heavy rare earths project in Western Australia heading to Japan as early as 2027. The LOI builds on a previous MoU between the pair, signed in 2024, and shows the two companies are serious …