Interim Financial Report For the Half-Year Ended 31 December 2025

18 March 2026

Vital Metals Limited (ASX: VML) is pleased to report on its half year ended 31 December 2025 activities, which focused on advancing its Nechalacho Rare Earths and Niobium Project, in Yellowknife, Northwest Territories, Canada.

The past six months have been transformational for Vital, marked by the completion of the Tardiff Scoping Study, a refreshed Board, and the successful raising of A$12.4 million to fund the progression of the Pre-Feasibility Study (PFS) targeted for completion by February 2027.

During the period, the Company progressed from resource exploration into structured feasibility-stage development, marking a clear transition toward project execution.