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Victory Metals Secures $250K Grant to Boost Strategic Scandium Project
8:43am on Monday 18th of August, 2025 AEST
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Mining
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Victory Metals Secures $250K Grant to Boost Strategic Scandium Project
8:43am on Monday 18th of August, 2025 AEST
Key Points
Awarded $250,000 Minerals Research Institute of Western Australia grant
North Stanmore holds 7.7 million kg of scandium with forecast price of US$630/kg
China and Russia control 90% of global scandium supply, with new export restrictions
Victory separates scandium from heavy rare earth elements, aiming for leadership in scandium oxide
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