Market Update: ASX:VML Completes A$8 Million Capital Raise

Friday, October 2, 2020 12:20 AM +00:00

VITAL METALS LIMITED
Geoff Atkins

Vital Metals (ASX: VML) is an explorer and developer with highly prospective mineral projects, focusing on the world-class rare earth Nechalacho project in Canada. It plans to commence production at Nechalacho in 2021, and aims to produce a minimum 5,000 tonnes of contained REO by 2025. Critical minerals comprise a range of metals and elements crucial to high-tech manufacturing in industries such as renewable energy, aerospace, electric vehicles, defence and agri-tech. Global de-coupling of supply chains has highlighted Australia's importance as an alternative to China as a source country for many of the minerals. The company has recently Raised A$8M to Progress Operations


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