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Victory Goldfields Limited ( (AU:VTM) ) has shared an announcement.
Victory Metals Limited has secured $4 million through a placement of new shares, supported by its top shareholders and management, to accelerate the Pre-Feasibility Study and development of its North Stanmore Project, Australia’s largest clay-hosted Heavy Rare Earth deposit. This funding marks a pivotal moment for Victory, enhancing its position as a leader in the heavy rare earth sector and supporting its strategic goal of building a globally significant critical minerals platform.
More about Victory Goldfields Limited
Victory Metals Limited is focused on the exploration and development of its flagship North Stanmore Heavy Rare Earth Elements (HREE), Scandium, Gallium, and Hafnium Project in the Cue Region of Western Australia. The company is committed to advancing this world-class project to unlock its significant potential.
Average Trading Volume: 309,375
Technical Sentiment Signal: Buy
Current Market Cap: A$94.17M
See more insights into VTM stock on TipRanks’ Stock Analysis page.