Victory Metals Heavy Rare Earth Concentrate Pilot Plant and Offtake Program

under construction

Victory Metals operates a purpose-built ambient-temperature flotation pilot plant in Perth, Western Australia, producing heavy rare earth concentrate. The project includes dispatching concentrate samples to potential offtake partners in Australia, Japan, and the United States, with a non-binding Letter of Intent with Sumitomo Corporation for up to 30% of annual production. The pilot plant has achieved continuous steady-state operation, supporting commercial qualification and project financing efforts.