VITAL TO TRANSFORM INTO RARE EARTH OXIDE DEVELOPER

HIGHLIGHTS

  • Vital to acquire Cheetah Resources, an unlisted REE business currently run by ex Lynas management with substantial rare earth experience
  • Cheetah’s business plan is to supply a high purity mixed rare earth feedstock to established thirdparty rare-earth oxide (REO) separation facilities and refiners, rather than end users. The plan has been designed to result in lower Capex and shortened lead times to production to capture the expected increase in demand for REOs
  • Cheetah has agreements in place to acquire two significant REO projects
  • Thor Lake Rare Earth Project (Canada) (acquire 100%, surface to 150m above sea level rights)

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