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ASX:VML Vital Metals Rare Earths
4 min readMar 4, 2021
Will Vital Metals Deliver for Investors?
26/02/2021 9:32 am AEDT Construction Update Ahead of Rare Earth Production
Vital is on track to commence rare earth production atthe Nechalacho Project, Canada in Q2 CY21, making Vital the first REE producer in Canada and only the second producer of REE in North America
- Ore sorter is currently in storage in Yellowknife, awaiting delivery to the Nechalacho site in March 2021
- Ore sorter substructure has been delivered to site and awaiting final placement
- Fabrication of feed hoppers, stackers and conveyors is complete and awaiting transport to Nechalacho
- Other equipment and infrastructure including air compressor, receivers and dryer are also ready for transit.
- Neodymium prices continue to rise trading above US$100/kg
Tradingeconomics.com show an escalating price in 2021.
