Vital Metals Ltd ( (AU:VML) ) has shared an announcement.
Vital Metals Limited has announced an expansion of its Tardiff Scoping Study to include the potential recovery of niobium, alongside its existing focus on rare earth elements. The inclusion of niobium, which is used in aeronautic engines and electronics, could significantly enhance the project’s value. Initial testwork has shown a 15% recovery rate for niobium, and further studies are underway to optimize its recovery. This strategic move aligns with Vital’s collaboration with the Canadian Government to establish a central rare earths processing hub, potentially strengthening the nation’s critical mineral supply chain.
More about Vital Metals Ltd
Vital Metals Limited is an advanced stage exploration and development company focused on rare earths, operating primarily in the Northwest Territories, Canada. The company is involved in the extraction and development of rare earth elements, with a particular focus on neodymium and praseodymium, which are critical for various high-tech applications.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$5.9M
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