The Mineral Research Institute of Western Australia (MRIWA) has awarded Victory Metals a prestigious grant to advance Scandium extraction from North Stanmore. This funding aligns with Western Australia’s Research Priority Plan, which focuses on downstream processing of critical minerals. The grant demonstrates confidence in Victory Metals’ technical capabilities and validates the project’s potential to address supply chain vulnerabilities.

Currently, China and Russia dominate 90% of global Scandium oxide production, with China imposing export restrictions in April 2025. By developing a domestic supply of Scandium oxide, Victory Metals contributes to diversifying global supply chains, ensuring secure and sustainable access to this critical material for strategic industries. This approach aligns with Australia’s broader efforts to become a leading supplier of critical minerals worldwide.

The MRIWA grant further reinforces Victory Metals’ strategic approach. By focusing on both economic viability and technological innovation, the company is positioned to deliver high-quality Scandium oxide for emerging applications. This development highlights the growing global importance of Scandium and Australia’s role as a reliable source.