By Shane Lasley
Mining News
Vital Canadian REE company is bankrupt
Vital Metals subsidiary developing rare earths processing plant enters bankruptcy; terminates offtake agreement with REEtec North of 60 Mining News – October 6, 2023
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Last updated 10/19/2023 at 3:06pm
Cheetah Resources/billbradenphoto
The rising sun shines on tents at the Thor Lake camp at the Nechalacho rare earths project during the summer of 2021.
Over the course of two short years, Vital Metals Ltd. has fallen from a visionary mining company pioneering a first-ever rare earth supply chain in Canada to a delisted Australian firm struggling to reclaim some of its former glory at the Nechalacho rare earths mine in Northwest Territories.
Vital Metals reached a pinnacle when its Canadian subsidiary Cheetah Resource Corp. began mining ore fro...
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