Canada’s solely uncommon earths mining firm is pausing all development at its Saskatoon processing facility.
Vital Metals says the pause will enable the corporate to preserve money and search different sources of funding to doubtlessly construct a sustainable business mannequin for the ability.
The firm deliberate to finish a calcine circuit that will produce a uncommon earths oxide product for potential sale to a 3rd occasion.
It says it has been unable to safe such gross sales on commercially passable phrases.
The firm, which mines a deposit within the Northwest Territories, says it intends to retain Saskatoon staff because it conducts a strategic evaluate of the mission.
Prime Minister Justin Trudeau toured the ability in January to advertise important minerals as being key for clear vitality applied sciences.
