Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest update is out from Victory Goldfields Limited ( (AU:VTM) ).
Victory Metals Limited announced a significant breakthrough in the leach kinetics for its North Stanmore Project, achieving approximately 80% rare earth recovery in just 30 minutes. This advancement is expected to reduce both capital and operational expenditures due to a smaller leach circuit and improved process efficiency. The rapid extraction of valuable elements like Dysprosium, Terbium, and Yttrium positions North Stanmore as a global leader, particularly as the demand for these strategic materials surges. The company is integrating these results into its ongoing engineering and metallurgical programs, which could enhance its market positioning and project economics.
More about Victory Goldfields Limited
Victory Metals Limited operates in the rare earths industry, focusing on the extraction and processing of heavy rare earth elements. The company is engaged in developing the North Stanmore Project, which is one of the largest and most technically advanced heavy rare earth clay-hosted projects outside of China.
Average Trading Volume: 435,054
Technical Sentiment Signal: Buy
Current Market Cap: A$150.8M
Find detailed analytics on VTM stock on TipRanks’ Stock Analysis page.