CHINA BANNED 7 ELEMENTS. HE HAS ALL OF THEM.

321Mt · 39% heavy rare earth ratio · 4× industry average · 60+ yr mine life

China's April 2025 export restrictions target 7 heavy rare earth elements: dysprosium, terbium, yttrium, scandium, samarium, gadolinium and lutetium. The US National Defense Authorization Act mandates Chinese-component-free weapons systems by January 2027.

North Stanmore produces all 7 restricted elements from a single 321Mt JORC-compliant deposit. Key validation: • Sumitomo Corporation offtake agreement (up to 30% production) • US Export-Import Bank US$292M letter of interest • US Department of Defense SAM approval received

39% heavy rare earth ratio delivers 4× industry average concentration. Conservative mine life exceeds 60 years at planned throughput rates.

Managing Director Brendan Clark: 'From a malnutrition hospital in Lusaka to one of Australia's largest heavy rare earth deposits.' — The Australian, May 2026

Sources

  • Victory Metals filed Application for Quotation of Securities on May 20, 2026 — https://www.asx.com.au/asx/v1/announcements/2924-03092129-6A1326315 (2026-05-20)

  • China imposed export licence requirements on dysprosium, terbium, yttrium, scandium, samarium, gadolinium and lutetium in April 2025 — https://www.reuters.com/business/china-rare-earth-export-controls-2025-04-01/ (2025-04-01)

  • US National Defense Authorization Act mandates Chinese rare earth-free weapons systems by January 2027 — https://www.defense.gov/News/Releases/Release/Article/ndaa-rare-earth-requirements/ (2025-12-15)

Disclaimer

This content is general education only and does not constitute financial advice. The information provided is based on publicly available data. Always do your own research and consider seeking professional advice before making any investment decisions. Past performance is not indicative of future results.