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Vital Metals Ltd ( (AU:VML) ) has shared an announcement.
Vital Metals Limited has appointed three new Non-Executive Directors to its Board following a strategic share placement of $6.8 million. The new directors, David Dikken, Douglas MacLennan, and Alexius Chan, bring diverse expertise to the company, with Dikken and MacLennan representing Strategic Resources, a key investor. This strategic move aligns with Vital Metals’ ongoing efforts to advance its Nechalacho Rare Earths Project, utilizing Strategic’s Dry Field Force Extraction technology. The company is also conducting various exploration and optimization activities funded by the investment, despite a recent forest fire affecting some drill core. The second tranche of the placement, amounting to $3.8 million, awaits shareholder approval.
More about Vital Metals Ltd
Vital Metals Limited (ASX: VML) is an advanced stage exploration and development company focused on the Nechalacho Rare Earth Project in Canada’s Northwest Territories. The project aims to establish a significant rare earths supply chain for North America, providing critical minerals for the green economy transformation.
Average Trading Volume: 278,201
Technical Sentiment Signal: Sell
Current Market Cap: A$27.83M
Find detailed analytics on VML stock on TipRanks’ Stock Analysis page.