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By Shane Lasley
Metal Tech News 

Major funding for Vital rare earths plan

Canada's first REE producer secures US$32 million financing Metal Tech News – Aug. 3, 2022

 

Last updated 8/12/2022 at 2:15pm

Vivid green northern lights display over mining equipment operating at night.

Cheetah Resources/billbradenphoto

The aurora shines above the crushers at Vital Metals' Nechalacho rare earths mine in Northwest Territories.

Vital Metals Ltd. has received an AU$45 million (US$31.6 million) infusion of cash to fund its expanding rare earths business in Canada.

"Vital Metals is on the threshold of becoming North America's only company capable of producing a refined rare earth product from its own mine, completing our transition from exploration and development to production and operations," said Vital Metals Managing...



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