Victory Metals Secures Sanabil Loan in Support of Saudi Vision 2030 | ASX 300

Highlights

• Victory Metals receives loan facility from Sanabil Investments to support rare earths development

• Agreement aligns the company’s North Stanmore project with Saudi Arabia’s Vision 2030

• Facility provides exclusive future funding rights to Sanabil for upcoming project phases

Victory Metals (ASX:VTM), listed on the ASX 300, has confirmed a strategic financing milestone through a formal commitment from Sanabil Investments. The facility is designed to progress the development of critical minerals within the company’s North Stanmore rare earths project in Western Australia.

This support is positioned in alignment with Saudi Arabia’s Vision 2030, a national initiative aimed at expanding industrial and mining capacity with global partnerships. The collaboration marks a significant development in the company’s efforts to contribute to the clean energy transition.

Sanabil Extends Support Beyond Capital Backing

Sanabil Investments, a wholly owned entity of the Kingdom of Saudi Arabia’s Public Investment Fund (PIF), has committed to a long-term relationship with Victory Metals under this facility agreement. Alongside the provision of initial funding, Sanabil will also hold the first right to extend financial support for the project’s construction and further development.

Victory’s management highlighted the strategic nature of this backing, indicating that Sanabil’s involvement extends into global connectivity, technical pathways, and industrial alignment—particularly within the critical minerals domain essential for decarbonisation and clean energy initiatives.

Strengthening Ties with Vision 2030 Mining Ambitions

Saudi Arabia’s Vision 2030 underscores a transition toward industrial diversification, in which mining plays a central role. The North Stanmore rare earths project is expected to align with these ambitions, particularly as demand for magnet metals and other clean energy materials continues to shape international energy policy.

The broader strategic framework from the PIF has heavily focused on building mining partnerships across continents. The engagement with Victory Metals supports this direction, positioning the company among a limited number of Australian entities receiving this tier of international recognition and collaboration.

Victory’s Expansion Strategy Gains Global Traction

Victory Metals’ current development strategy is focused on rare earths and critical minerals, with North Stanmore identified as a priority for near-term production. The agreement with Sanabil places the project within a high-profile global agenda, reinforcing the company's role in emerging industrial supply chains.