22 February 2021
Vital Metals Limited is pleased to announce that its 100%- owned Canadian subsidiary Cheetah Resource Corp. has signed a definitive mining contract with local company Det’on Cho Nahanni Construction Ltd for work to commence at the North T Zone at its Nechalacho Project in Northwest Territories (“NWT”), Canada. The North T Zone is the first deposit to be mined at Nechalacho, with Vital progressing to rare earth oxide production in CY2021.
Vital Metals Managing Director Geoff Atkins said, “The signing of our mining contract in Yellowknife is an important step forward for Vital as we move toward production at Nechalacho, and we are pleased to be working with Det’on Cho Nahanni Construction Ltd, which is owned by local First Nations people. We are developing Nechalacho using the most sustainable methods possible which includes the use of local labour so that we can support the communities surrounding our project.”
“Having finalised an offtake agreement with REEtec earlier this month, we are pleased to have executed this contract with Det’on Cho Nahanni Construction as it allows us to continue to progress towards production at Nechalacho, which is on track for the coming months.”Vital Metals Limited is pleased to announce that its 100%- owned Canadian subsidiary Cheetah Resource Corp. has signed a definitive mining contract with local company Det’on Cho Nahanni Construction Ltd for work to commence at the North T Zone at its Nechalacho Project in Northwest Territories (“NWT”), Canada. The North T Zone is the first deposit to be mined at Nechalacho, with Vital progressing to rare earth oxide production in CY2021.
Vital Metals Managing Director Geoff Atkins said, “The signing of our mining contract in Yellowknife is an important step forward for Vital as we move toward production at Nechalacho, and we are pleased to be working with Det’on Cho Nahanni Construction Ltd, which is owned by local First Nations people. We are developing Nechalacho using the most sustainable methods possible which includes the use of local labour so that we can support the communities surrounding our project.”
“Having finalised an offtake agreement with REEtec earlier this month, we are pleased to have executed this contract with Det’on Cho Nahanni Construction as it allows us to continue to progress towards production at Nechalacho, which is on track for the coming months.”