Victory Metals secures A$350k critical minerals grant
What's the deal? Victory MetalsDealroom has a profile for this one. Try Dealroom → (ASX: VTM) has secured A$350,000 in non-dilutive funding through the Resources Technology and Critical MineralsDealroom has a profile for this one. Try Dealroom → (RTCM) Trailblazer program.
The grant ranks among the largest awarded under the initiative, which is led by Curtin UniversityDealroom has a profile for this one. Try Dealroom → and backed by the Australian Government's Department of EducationDealroom has a profile for this one. Try Dealroom →.
It will fund full-time researchers at Curtin over two years, working alongside Victory's team to refine rare earth processing for its North Stanmore project near Cue in Western Australia.
Why now? The funding follows the recent commissioning of Victory's pilot plant in Burswood, Perth, opened by Federal Resources Minister Madeleine King.
It also builds on an August 2025 Mineral Resource Estimate of 320,600,000 tonnes — making North Stanmore Australia's largest indicated clay-hosted heavy rare earth resource.
The research targets recovery and separation of dysprosium, terbium, and yttrium, the heavy elements that set the deposit apart.
Chief executive officer Brendan Clark called the grant an important milestone that validates the team's work and strengthens the path to commercialisation.
The signal: The non-dilutive, government-backed nature of the grant matters for an early-stage explorer like Victory Metals, which can advance metallurgical work without diluting shareholders. With the RTCM Trailblazer being a government and non-profit funder rather than a commercial backer, the award reflects Australia's strategic push to keep critical minerals processing — not just exploration — onshore and Western-aligned.
Read more: Colitco
Image credit: Bort1974
