Vital Metals commences mining operations ahead of production at Nechalacho rare earths project
25 March 2021
Vital Metals Limited is pleased to announce the commencement of mining operations at its Nechalacho rare earths project in Northwest Territories, Canada with the mining fleet mobilising this week.
•Contract mining fleet mobilises to Vital’s North T Zone deposit at Nechalacho commencing mining operations
•Vital is on track to become the first REE producer in Canada and the second REE producer in North America
•Production and working capital fully funded by equity after the success of our recently announced placement which raised $43m
•Contractor Det’on Cho Nahanni Construction Ltd will complete site establishment, mining, crushing, screening and other works at Nechalacho
•Ore sorter and other equipment to be transported to site by the end of March 2021.