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An update from Victory Goldfields Limited ( (AU:VTM) ) is now available.
Victory Metals Limited has secured a prestigious $250,000 grant from the Minerals Research Institute of Western Australia (MRIWA) to support its innovative approach to producing high-purity scandium oxide at the North Stanmore Project. This grant underscores the project’s strategic importance, especially in light of China’s recent export restrictions on scandium, which is crucial for defense and renewable energy applications. With China and Russia controlling 90% of the global scandium oxide supply, Victory’s project is poised to enhance Western Australia’s leadership in critical minerals and strengthen supply chain security for Western defense and energy sectors.
More about Victory Goldfields Limited
Victory Metals Limited is focused on the exploration and development of its North Stanmore Heavy Rare Earth Elements (HREE), Scandium, Hafnium, and Gallium Project in Western Australia. The company aims to advance this project to unlock its significant potential, positioning it as a future supplier of critical materials.
Average Trading Volume: 350,238
Technical Sentiment Signal: Buy
Current Market Cap: A$204.3M
Find detailed analytics on VTM stock on TipRanks’ Stock Analysis page.