Australia's Victory Metals rises on clearing vetting step for federal US contracts

Victory Metals

14/07/2025 03:56

** Shares of Victory Metals Ltd VTM.AX rise 10% to A$0.99, set for their best session since May 20, if trend holds

** Stock currently at its highest level since June 24

** Heavy rare-earth miner gets approval from the U.S. government's system for Award Management - a necessary step in securing contracts with U.S. federal agencies, including the  Department of Defence

** Co says approval likely to enable access to U.S. state-backed funding

** Around 320,646 shares change hands, compared with the 30-day average volume of about 179,324

** Session extends YTD gains to 144.4%

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))