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Victory Metals Limited (ASX:VTM)

ALERT: Price-sensitive ASX Announcement for VTM
Current share price for VTM : $1.535 0.525 (51.98%)+
Announcement
Release
31 Oct 2025 9:41AM
Price at Release
$1.010
Full Release
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Summary
Victory Metals Limited's quarterly report details significant achievements including the successful upgrade of Mineral Resource Estimate for their North Stanmore Project, enhanced by a notable increase in contained tonnage and high-grade dysprosium discoveries. They have produced a world-first in Australian clay-hosted projects, a Mixed Rare Earth Oxide with a high TREO content. They have secured a strategic partnership with Sumitomo Corporation and gained approval from the U.S. Government for direct engagement with federal agencies. The company completed an $11.5 million institutional placement, supported by substantial investor interest, and received a $250,000 grant from the Minerals Research Institute of Western Australia. As of the end of September 2025, Victory Metals held cash reserves of approximately $15.1 million.
Key Points
  • Victory Metals Limited reported a significant upgrade in the Mineral Resource Estimate for the North Stanmore Project, increasing contained tonnage by 29.5%.
  • The company is engaged in infill aircore drilling at North Stanmore, achieving high grades of dysprosium from clay-hosted systems.
  • Victory Metals produced a Mixed Rare Earth Oxide containing 94% Total Rare Earth Oxides, the first of its kind from an Australian clay-hosted project.
  • Multiple ultra-high Heavy Rare Earth Oxide zones were identified at North Stanmore, mostly within indicated resources.
  • A Letter of Intent was signed with Sumitomo Corporation for strategic cooperation on the North Stanmore Project.
  • The U.S. Government’s System for Award Management approved Victory Metals to engage directly with U.S. federal agencies.
  • Victory Metals completed an $11.5 million institutional placement supported by various investors.
  • The Minerals Research Institute of Western Australia awarded a $250,000 research grant to Victory Metals.
  • As of September 30, 2025, Victory Metals had approximately $15.1 million in available cash.
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.