Vital Metals (ASX: VML) is an explorer and developer with highly prospective mineral projects, focusing on the world-class rare earth Nechalacho project in Canada. It plans to commence production at Nechalacho in 2021, and aims to produce a minimum 5,000 tonnes of contained REO by 2025.

Vital Metals aims to become the lowest cost producer of mixed rare earth oxide outside of China by developing one of the highest grade rare earth deposits in the world and the only rare earth project capable of beneficiation solely by ore sorting.

Vital’s other projects include the high-grade Wigu Hill rare earth resource in Tanzania.