InvestSMART

Victory Metals Limited (ASX:VTM)

ALERT: Price-sensitive ASX Announcement for VTM
Current share price for VTM : $1.448 -0.368 (-20.25%)+
Announcement
Release
29 Apr 2026 9:10AM
Price at Release
$1.815
Full Release
download
Summary
Victory Metals Limited, an Australian mining company, reported exceptional results from its North Stanmore Heavy Rare Earth Elements project in Western Australia for the quarter ending March 31, 2026. The company achieved remarkable leaching results, recording the highest rare earth oxide grade at North Stanmore and a significant Hafnium grade uplift. Victory Metals plans to advance the project towards commercial production in partnership with Curtin University. Financially, the company reported a net cash inflow from operations and successfully raised significant capital through equity securities.
Key Points
  • Victory Metals Limited reported outstanding leaching results from North Stanmore, upgrading heavy rare earth elements.
  • The company achieved a record-breaking total rare earth oxide grade of 11,565ppm at North Stanmore.
  • Victory Metals plans to co-develop a pilot plant with Curtin University.
  • The North Stanmore project is one of the largest heavy rare earth clay projects globally.
  • Victory Metals strengthened its technical leadership by appointing internationally recognized experts.
  • The company reported a significant increase in Hafnium grade through metallurgical tests.
  • Victory Metals received a net cash inflow from operating activities of $72,000 for the quarter.
  • Cash outflows for exploration and evaluation were reported at $1,298,000.
  • Victory Metals raised $11,750,000 through equity securities during the quarter.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.