Shenghe Resources throws Vital Metals a lifeline
Mining News Pro - Chinese rare earth miner Shenghe Resources is acquiring new shares in Vital Metals (ASX: VML) for an initial A$5.9 million ($3.8m), allowing the Australian miner move forward with development at its Nechalacho project in Canada’s Northwest Territories.
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Vital Metals ditches Quebec rare earths projects
Mining News Pro - Australia’s Vital Metals (ASX: VML), the first rare earths producer in Canada, has walked away from a deal Quebec Precious Metals Corp. to buy the junior’s Zeus project and a 68% stake the Kipawa heavy rare earths, inked last year.
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Vital Metals to become Canada’s first rare earths miner
Mining News Pro - Australia’s Vital Metals is getting ready to kick off mining operations at its Nechalacho rare earths project in Canada’s Northwest Territories, which will make it the country’s first producer of the elements used in magnets for electric vehicles, aerospace, defence and electronics.
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