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 about taking their partnership to the next level. 

Watch the video to learn more.

This video was developed in collaboration with Victory Metals, a Stockhead advertiser at the time of publishing.

This video does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.