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Victory Goldfields Limited ( (AU:VTM) ) just unveiled an update.
Victory Metals Limited has announced the issuance of 15,708,519 fully paid ordinary shares, which will be exempt from on-sale restrictions under section 708A(5) of the Corporations Act 2001. This move is part of the company’s ongoing compliance with regulatory provisions, and it supports their strategic focus on developing their rare earth and critical mineral assets in Western Australia, potentially enhancing their market position and offering new opportunities for stakeholders.
More about Victory Goldfields Limited
Victory Metals Limited is engaged in the exploration and development of Heavy Rare Earth Element and critical mineral discoveries in the Cue Region of Western Australia. The company’s key assets include a portfolio located in the Midwest region of Western Australia, known for its high ratios of Heavy Rare Earth Oxides and Critical Magnet Metals such as NdPr and DyTb.
Average Trading Volume: 303,895
Technical Sentiment Signal: Buy
Current Market Cap: A$157.1M
Learn more about VTM stock on TipRanks’ Stock Analysis page.