Desk · Resource definition · Mixed basket
ASX:VTM
Victory Metals
North Stanmore, WA — clay-hosted REE over an alkaline intrusion, scandium kicker. Large, shallow, Australian. Met and MagREO split are the gates.
Quiet
Pulse Timeline
Isoelectric line is the baseline Pulse. Spike height is catalyst strength. Wide gaps or a flat line = stalled progress / life support.
- 1) 11-01 PEA
Lead II · 25 mm/s · Pulse 10 mm/mV · snapshot 2026-08-22
Life support
Isoelectric. No material beat in the window. A listing is not vitality.
- Last beat
- —
- Beats / 90d
- 0
- Recent gap
- —
0 beats in 180d
- — No dated beat in the trailing window.
- — Next: PEA / met that splits MagREO vs scandium (71d).
Trading
- Last
- A$0.950
- 1d
- +4.4%
- Mkt cap
- $110M
- Volume
- 1.4M
- 52-week
- A$0.28 – A$1.35
- 1m
- —
- 3m
- —
- 1y
- —
Shares — · EV / MagREO $4.4M/kt · snapshot, not a live tape
Company & people
HQ
Perth, Australia
Focus
Mixed basket · Ionic clay
CEO Brendan Clark
- Brendan Clark, CEO
Mine / project
Flagship
North Stanmore
Location
Cue, Western Australia · Australia
Deposit
Regolith / clay over alkaline intrusion
Resource
Large shallow clay MRE with Sc. Not an ionic-clay replica of Brazil — Australian clay chemistry is its own met problem.
Desk basket
25 kt MagREO (desk)
Radioactivity
Low — permit tell vs peers
Capital, loans, grants & support
None the desk is willing to count yet.
The Pulse
Scale in WA is the pulse. Ionic-clay comparisons are lazy. Need a PEA that survives Western Australian clay mineralogy and a MagREO payability table.
ASX. Too early for a US listing conversation.
Next: 1 Nov 2026 — PEA / met that splits MagREO vs scandium
Nasdaq path
Home listing is not Nasdaq. Bid price, registration, and a real asset gate are.
- 01 · DoneASX listing
Primary listing VTM. North Stanmore is Australian clay over alkaline, not a Brazilian replica.
- 02 · GapUS OTC
No US ticker.
- 03 · GapDTC eligibility
Not in play.
- 04 · GapUS holder tape
Too early. MagREO split is still the gate.
- 05 · NextPEA / MagREO table1 Nov 2026
Need a PEA that survives WA clay mineralogy and splits MagREO vs scandium.
- 06 · GapSEC registration
No. Too early for a US listing conversation.
- 07 · GapNasdaq $4 bid
Last ~A$0.95 / ~US$0.63. Below $4, and the study is not done.
- 08 · GapNasdaq application
Do not list a met problem.
Catalysts
PEA / met that splits MagREO vs scandium
Desk note
Stays on this device. Not the press release.
Pulse = Catalyst proximity + government/strategic support + Nasdaq-path / listing signals + valuation & execution + stage progress. Method