Victory Metals approved to join US defense industry critical minerals consortium

• Victory approved to join DIBC inside the US defence procurement ecosystem
• DIBC provides formal pathway to US Department of Defense funding programs
• Strong external validation of Australia’s North Stanmore project
• Proven access to all rare earth elements and strategic minerals

Victory Metals’ (ASX:VTM) significant rare earth minerals potential at the North Stanmore project in WA has seen it accepted into the US Defense Industrial Base Consortium (DIBC).

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North Stanmore is developing Australia’s largest and most advanced heavy rare earth clay project hosting a resource of 321 million tonnes with heavy rare earth to total rare earth ratios (HREO/TREO) averaging 39% and reaching up to 83%.

CEO, Brendan Clark, said the DIBC provides a direct pathway into the US defence procurement ecosystem at a time when the US is moving decisively to secure non-Chinese supply of heavy rare earths.

“Acceptance into the Defense Industrial Base Consortium is a significant strategic milestone for Victory. It provides direct access to the US defence procurement ecosystem at a time when the United States is moving rapidly to secure non-Chinese supply of heavy rare earths and strategic minerals such as Hafnium & Scandium, both of which sit at the heart of the North Stanmore project,” Mr Clark said.

“DIBC membership underscores the growing global recognition of North Stanmore as a strategically important Western aligned source of defence critical minerals. We look forward to engaging actively with DIBC members and pursuing funding, offtake and partnership opportunities that accelerate our pathway to production.”

He said North Stanmore has proven production of rare earth minerals which are currently restricted as exports by China including dysprosium, terbium, yttrium, samarium, gadolinium and lutetium.

North Stanmore is one of the most heavy-rare earth enriched clay deposits globally with the ability to produce all seven rare earth elements currently under Chinese export restrictions.

The DIBC is a US public-private partnership focused on supporting the United States defence industrial base of the US Department of Defense.

The consortium identifies, develops and tests cutting-edge capabilities, addresses supply chain vulnerabilities, advances critical mineral extraction and processing, and scales emerging technologies aligned with US national security priorities.

DIBC members gain access to US government funding programs, solicitations, prime contractors, downstream end-users, and a collaboration platform designed to support teaming and partnership opportunities across the US defence industrial base.

VTM is steady at $1.31. Mkt cap $169.4M.

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