StockTake: North Stanmore backed to drive Australia’s rare earths push

Stockhead’s Tylah Tully looks at Victory Metals’ (ASX:VTM) latest capital raising effort of $4 million.

Victory raised the funds to accelerate a Pre-Feasibility Study and development of its flagship North Stanmore rare earths project, the largest clay-hosted Heavy Rare Earth deposit in Australia. 

The placement attracted strong backing from Victory’s top 20 shareholders as well as company directors and management, reflecting high confidence in it’s flagship project.