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Victory Metals Limited (ASX:VTM)

ALERT: Price-sensitive ASX Announcement for VTM
Current share price for VTM : $1.430 -0.02 (-1.38%)+
Announcement
Release
24 Jul 2026 8:21AM
Price at Release
$1.450
Full Release
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Summary
Victory Metals Limited, an Australian mining company, announced key developments as of June 30, 2026. During the quarter, the company achieved significant advancements in the production of heavy rare earth elements at its North Stanmore site. The newly opened continuous flotation pilot plant in Perth delivered a 59-fold upgrade to a 7.1% TREO concentrate, marking substantial progress in rare earth production. Additionally, Victory Metals was accepted into the US Defense Industrial Base Consortium, which will enhance its access to the US defense procurement ecosystem. The company also executed a Native Title Mining Agreement with the Wajarri Yamaji Aboriginal Corporation, secured a $350,000 government grant for collaborative research with Curtin University, and began distributing heavy rare earth concentrate samples to prospective partners globally.
Key Points
  • Victory Metals Limited reported outstanding leaching results from North Stanmore.
  • A 72% HREO/TREO ratio was achieved through zircon heavy liquid separation.
  • The continuous flotation pilot plant in Perth achieved a 59-fold upgrade to a 7.1 wt.% TREO concentrate.
  • Victory was approved as a member of the US Defense Industrial Base Consortium.
  • A Native Title Mining Agreement was executed with the Wajarri Yamaji Aboriginal Corporation.
  • A $350,000 grant was secured for a research partnership with Curtin University.
  • Heavy rare earth concentrate samples were dispatched to potential offtake partners.
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.