ENERGY MINERALS

Another Vital setback as rare earth ambitions stall

THE lofty aspirations of Vital Metals to be a key player in “building Canada’s rare earth supply” have taken another hit with the company unable to secure product sales (for a mixed rare earth carbonate) on commercially satisfactory terms such that it is now pausing construction of the Saskatoon processing facility.

 Vital is turning off the operational lights for the time being in Canada

Vital is turning off the operational lights for the time being in Canada

Vital said it is now seeking "alternative funding sources and partnering with third parties to potentially build a sustainable business model for the Saskatoon business". Shares in the company slumped...

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