19
Mar
11:51
RARE EARTH: Vital Metals completes placement to fund Nechalacho project
Australia-based Vital Metals reports that it has completed an AUD 43 million ($33.34m) institutional placement and will commence mining later this month at its Nechalacho light rare earth project in Canada’s Northwest Territories, Kallanish reports.
The company intends to issue 661.5 million new shares at AUD 0.065/share, and the placement attracted several large North American institutional investors, the company says. The placement will be finalised on 26 …
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