Vital Metals completes A$43M institutional placement to commence mining at the Nechalacho rare earths project
HIGHLIGHTS
• Vital receives strong support from new North American institutional investors validating its
strategy to become the first REE producer in Canada and the second REE producer in North
America
• Placement funds construction, mining and operations for production at Nechalacho Rare
Earths Project in Canada
• Vital is on track for rare earth production at Nechalacho in Q2 CY21
• Mining operations will commence at Nechalacho this month – contract signed with Det’on
Cho Nahanni Construction Ltd for mining, crushing, screening and other works
• Ore sorter and other equipment are set for delivery to site by the end of March
Ann: Vital Metals Completes A$43M Institutional Placement, page-2
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