Victory Metals (ASX:VTM) completed baseline environmental and biological studies at the North Stanmore project in Western Australia, finding no environmental impediments to the advancement of the project, according to a Monday filing with the Australian bourse.

The studies found no threatened species or communities within the project area, the filing said.

Additionally, surface water flows were found to align with regional standards and can be effectively managed, and groundwater studies indicated no surplus water generation, per the filing.

The company's shares shed nearly 1% in recent Monday trade.