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By Shane Lasley
Data Mine North 

Chinese firm buys Canada's rare earths

North of 60 Mining News - December 22, 2023


Last updated 12/31/2023 at 5:04am

Burst of green northern lights over a crusher at the Nechalacho rare earth mine.

Vital Metals Ltd.

Rare earth ore being crushed at the Nechalacho Mine during the fall of 2021. Vital Metals recently announced a deal to sell stockpiles of high-grade rare earths ore from this operation in Canada's Northwest Territories to Shenghe Resources.

Shenghe acquires ore stockpile that symbolized a shift away from China for REEs critical to North America's green energy and high-tech sectors.

High-grade ore dug up from a small open pit at Vital Metal Ltd.'s Nechalacho project in the summer of 2021 marked the start of Canada's first rare earth elements mine and the first link in an REE supply chain that was envisioned to be completel...

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