ENERGY MINERALS

Vital kicks off Canada-based rare earth operations

First stage venture to fund larger development later this decade

 Vital gets going in NWT, Canada

Vital gets going in NWT, Canada

Vital's ore sorting kit will produce a beneficiated product from the North T deposit that will stockpiled ahead of transport to a processing facility being built by the Saskatchewan Research Council and the government of Saskatchewan.

The facility is flagged to be in operation in 2022.

Funds generated by this venture are earmarked to finance a second stage, "large scale" Vital development of the adjoining Nechalacho Tardiff deposit, targeted to begin operations in 2024.

While MNN was unable to immediately ascertain numbers for the latter, Vital has been promoting the possibility of "lowest quartile capex and opex".

In March Vital completed a A$43 million equity raising that priced new shares at 6.5c each.

Shares in Vital were up 7.7% to 5.6c in morning trade today, capitalising the company at $232 million.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.