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Company News
Victory Metals Reports Substantial Grade Increases from Testing of North Stanmore HRE Sample
Victory Metals (ASX: VTM) has reported that simple, low-cost, size-by-fraction separation of ore from its flagship North Stanmore heavy rare earths (HRE) project in Western Australia has delivered substantial grade improvements for terbium, dysprosium, and scandium. Simple beneficiation and -10.8 micrometre cyclosizing on a bulk ore sample was able to enrich the key critical elements, which are central […]
Victory Metals Confirms North Stanmore as a Highly Enriched Heavy Rare Earths Deposit
Victory Metals (ASX: VTM) has returned some of the highest grades of dysprosium on record from clay-hosted systems across the globe with infill aircore drilling at its North Stanmore heavy rare earths (HRE) project in Western Australia. Assays of up to 218 parts per million dysprosium oxide confirm the project is one of the world’s […]
Victory Metals Produces Maiden High-Grade MREO from North Stanmore Project in WA
Victory Metals (ASX: VTM) has produced the first mixed rare earth oxides (MREO) containing 94% total rare earth oxides (TREO) from its flagship North Stanmore project in Western Australia. The company used a representative composite of 453 samples from across the project area to derive the result, which contained TREO values ranging from 300 parts […]
Victory Metals Attracts US Government Interest Amid Global Rare Earths Supply Crunch
Victory Metals (ASX: VTM) ramped up activity at its flagship North Stanmore rare earths project in Western Australia during the three months to end June, announcing an enhanced mineral resource estimate and attracting US government interest. In April, the company added 4,788 tonnes of gallium oxide to the new resource, which sits at 247.5 million […]
Victory Metals secures US$10m Saudi-backed loan to fast-track North Stanmore rare earths project
Victory Metals (ASX: VTM) has received a commitment from sovereign investment firm Sanabil Investments for the provision of a US$10 million loan facility to advance its North Stanmore heavy rare earths project in Western Australia. The company will use the unsecured loan — which includes a two-year moratorium on interest payments and a 3.9% interest […]
Victory Metals attracts US government interest with EXIM backing for North Stanmore project
Victory Metals’ (ASX: VTM) heavy rare earth elements (HREE) potential has attracted the attention of the US government as it seeks to improve its global access to critical metals. The Export-Import Bank of the United States (EXIM) has sent Victory a letter of interest (LOI) for up to approximately $292 million (US$190m) in project financing […]
Terbium tipped to follow gallium’s boom as demand surges and China cuts exports
Gallium has become the darling of markets and Australian miners after a dramatic surge in demand and prices following China’s decision to halt its exports of the rare earth element (REE). Now analysts are suggesting terbium could follow a similar path after China, the world’s largest producer, removed it from its REE export list as […]