Vital Metals’ Post

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We've received payment of $3.3 million from Saskatchewan Research Council for sale of stockpiled rare earth material, as announced last month. The sale was facilitated by Natural Resources Canada relating to our stockpiled rare earth material derived from a previous mining campaign on Nechalacho’s North T deposit. We remain focused on developing the Tardiff deposit at Nechalacho and will deliver a Scoping Study for Tardiff in CY2024. Managing Director Lisa Riley said: “Our sale of stockpiled material to SRC is now complete, allowing Vital to derive value from our earlier work at Nechalacho. This allows us to focus on development of Tardiff as a long-life, large-scale rare earths project. A Scoping Study is the next logical step in our pathway and we are on track to deliver the study by the end of 2024. “We expect our newsflow to increase over the coming months as we work towards and achieve milestones towards its completion.” Read the full ASX Announcement here: https://lnkd.in/gRZPRcYe #VML #VitalMetals #REE #rareearths #Canada #ASX #ASXNews

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