It appears from some of the posters here on HC that many are unaware of some of the progress that has been achieved to date by VML's and where it's headed:
Their Norway-based off-take partner, REEtec, has a purchase deal with German auto parts supplier Schaeffler (one of the global leaders in supplies to auto-manufacturers). So VML is cashed up, their resource is proven to standards required by german auto makers, their ESG credentials are somewhat unique and highly valued by the OEM makers, additional production assets are being installed to scale up and they are on course to be the first mine to magnet supplier outside of China. What are people missing? I've attached a few links below but their is a lot more info online for those interested.
https://www.schaeffler.com/en/media/press-releases/press-releases-detail.jsp?id=87800193
https://themarketherald.com.au/vital-metals-asxvml-offtake-partner-strikes-deal-with-german-auto-parts-supplier-2022-04-22/
VML also were involved with a recent high level delegation from Germany. To quote the article: “The delegation of chairpersons and CEOs from Germany’s leading companies were very interested in Canada’s North as a supplier of responsibly and ethically sourced critical materials, and as a way to reduce their dependence on Russia and China,” stated David Connelly, vice-president of strategy and corporate affairs for Cheetah and Vital Metals Ltd."
https://www.nnsl.com/news/german-delegation-eyes-nwts-critical-minerals/
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