Construction update ahead of rare earth production at Nechalacho

• Vital is on track to commence rare earth production atthe Nechalacho Project, Canada
in Q2 CY21, making Vital the first REE producer in Canada and only the second
producer of REE in North America
• Ore sorter is currently in storage in Yellowknife, awaiting delivery to the Nechalacho
site in March 2021
• Ore sorter substructure has been delivered to site and awaiting final placement
• Fabrication of feed hoppers, stackers and conveyors is complete and awaiting
transport to Nechalacho
• Other equipment and infrastructure including air compressor, receivers and dryer are
also ready for transit.
• Neodymium prices continue to rise trading above US$100/kg

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