Vital Increases Focus on US Investor Market with Tectonic

8 August 2021

(August 8, 2021) In recognition of Vital Metals Limited’s (ASX: VML) (“Vital”, “Vital Metals” or “the Company”) North American operations having commenced at the Nechalacho rare earth project, Vital is pleased to advise that it has entered into an agreement for the provision of capital markets consulting and advisory services with Ecoban Securities Corporation (“Tectonic”). Tectonic shall serve as the Company’s North American investor relations and capital markets consultant and advisor.

Tectonic played a key role in the introduction of strategic investors to Vital as part of the recent $43M capital raise (refer ASX announcement 19 March 2021) and with the strategic importance of North American rare earth production the introduction of dedicated US market support will be of increasing importance to the future growth of Vital Metals. Tectonic’s scope of services will include, but not be limited to, the following initiatives:

  • Assistance with shareholder maintenance
  • Continuous introduction to institutional investors, including in-person and/or virtual roadshows during the term of the agreement
  • Introduction to various relevant market participants including Investment Banks
  • Introducing potential strategic investors
  • Comprehensive advice and support in relation to US listing options, including OTC and ADR.

Upon signing the Company will issue to Tectonic 10,000,000 3-year unlisted options with an exercise price of $0.07, vesting immediately and 10,000,000 3-year unlisted options with an exercise price of $0.07 which will vest upon any of the following vesting conditions being met:

  • Vital Metals exceeds a market capitalization of A$1 billion
  • A US or appropriate other (equivalent) listing obtained, via IPO or other means such as RTO (or equivalent) or ADR listing.
  • Change of Control event.
  • At Vital Metals’ board discretion.

Other terms and conditions are as considered standard for an agreement of this nature.

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