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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


Last updated 10/19/2023 at 3:06pm

A Vital Metals worker walks toward tents illuminated by the morning sun.

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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