Victory Metals (ASX:VTM) received a letter of interest from the Export-Import Bank of the US for up to $190 million in project financing for the development of its North Stanmore project in Western Australia, according to a Wednesday filing with the Australian bourse.
The letter of interest comes with a 15-year indicative repayment term and the potential to obtain further US government financing through China and the Transformational Exports Program, the filing said.
Shares rose 9% in afternoon trade on Wednesday.
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