Victory Metals (ASX:VTM) has secured $350,000 in federal funding to advance rare earth processing research at its North Stanmore Heavy Rare Earth Project near Cue in Western Australia.
The Resources Technology and Critical Minerals (RTCM) Trailblazer grant will fund full-time researchers at Curtin University working alongside Victory’s technical team over the next two years.
Their work focuses on optimising recovery and separation of ‘high-value’ heavy rare earth elements (HREE), including dysprosium, terbium, and yttrium, at the company’s 100%-owned project.
CEO Brendan Clark says the grant marks an “important moment” for the company, describing it as a “powerful validation” of the “national importance” of Victory’s undertakings.
“This funding allows us to deepen our partnership with Curtin University and dedicate full-time researchers to advancing our rare earth processing technology and accelerate our path to commercialisation,” Clark says.
The non-dilutive funding follows the recent commissioning of Victory’s North Stanmore rare earths pilot plant in Perth.
Victory notes the two-year program is fully integrated with the company’s broader development pathway, facilitating its move into commercial production.
The company announced a mineral resource estimate for North Stanmore in August 2025, totalling 320.6 million tonnes, with most classified in the indicated category.
Victory Metals is a critical minerals explorer focused on developing the North Stanmore HREE Project in Western Australia.
Write to Paula Fabe at Mining.com.au
Images: Victory Metals
