Vital Metals Clinches C$3M Rare Earth Deal

Vital Metals Ltd (AU:VML) has released an update.

Vital Metals Ltd has struck a deal to sell its rare earth material stockpile from the Nechalacho deposit for C$3 million to the Saskatchewan Research Council, outpacing a previous deal from December 2023. This sale underscores the strategic significance of the Nechalacho project in Canada’s critical minerals strategy, particularly for the burgeoning electric vehicle and advanced manufacturing sectors. The company continues to push forward with the Tardiff deposit, aiming to complete a Scoping Study by the end of 2024 to assess its potential.

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