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Vital Metals Ltd ( (AU:VML) ) just unveiled an announcement.
Vital Metals has secured A$6.8 million in funding through a two-tranche strategic placement to advance its Nechalacho Rare Earths and Niobium Project in Canada. The company has also received commitments for an additional A$5.6 million placement, pending shareholder approval. The company has refreshed its board with new non-executive directors and appointed Lisa Riley as Interim Chair. Despite a forest fire destroying its camp at Nechalacho, operations remain unaffected, and the company is progressing with a Pre-Feasibility Study for its Tardiff deposit, aiming for completion by the end of 2026.
The most recent analyst rating on (AU:VML) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Vital Metals Ltd stock, see the AU:VML Stock Forecast page.
More about Vital Metals Ltd
Vital Metals Limited is an advanced stage exploration and development company focused on rare earths. Its primary project is the Nechalacho Rare Earths and Niobium Project located in Yellowknife, Northwest Territories, Canada. The company is engaged in the production of mixed rare earth and niobium concentrates, with a significant market focus on neodymium and praseodymium oxides.
Average Trading Volume: 543,738
Technical Sentiment Signal: Sell
Current Market Cap: A$28.57M
For a thorough assessment of VML stock, go to TipRanks’ Stock Analysis page.