VML 0.00% 0.5¢ vital metals limited

Shenghe Resources Holdings Co., Ltd cornerstone invested at 1c,...

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    Shenghe Resources Holdings Co., Ltd cornerstone invested at 1c, raising 6mill

    news catalysts dueVital will sell its stockpiled rare earth material to Shenghe for approximately A$2.6 million(Stockpile Sale Agreement)1.

    • Vital is now funded to deliver into key milestones in 2024, including

    :- Mineral Resource Estimate update for Nechalacho Rare Earth Project

    ;- Scoping Study for Tardiff to focus on potential processing scale and scalability togetherwith product saleability and margin, informed by learnings and experience of Vital’sstrategic partner and shareholder,

    Shenghe;- Reinterpretation of historical lithium exploration and testing known occurrences ofpegmatite outcrops across the Nechalacho Project;

    and- Permitting and integration studies with respect to integration throughout the broader rareearths supply chain. Upvote Report Reply
 
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