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
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...