Australian firm to become Canada’s first rare earths producer
(Kitco News) - Vital Metals (ASX: VML) today announced the commencement of mining operations at its Nechalacho rare earths project in Northwest Territories, Canada with the mining fleet mobilising this week.
The company said that the contract mining fleet mobilises to Vital’s North T Zone deposit at Nechalacho commencing mining operations. Contractor Det’on Cho Nahanni Construction will complete site establishment, mining, crushing, screening and other works at Nechalacho.
All plant and equipment, including an ore sorter and associated infrastructure, will arrive at site by the end of March in preparation for rare earth production at Nechalacho.
Vital added it is on track to become the first REE producer in Canada and the second REE producer in North America.
Vital Metals’ Managing Director Geoff Atkins said, “We have been progressively achieving all the steps necessary to commence mining and rare earths production at Nechalacho over the past 12 months, and mobilisation of the mining fleet is another important milestone. We are excited to be commencing operations at Nechalacho rare earth project and following our recent $43m raising, proud to be fully funded to become Canada’s first rare earth producer.”
Vital and its subsidiary Cheetah Resources held a ceremony on 20 March 2021 marking the commencement of mobilisation.