A Chinese company is buying from and investing in a rare earth project in the N.W.T. which, for years, had been marketed as a way for Canada to reduce its reliance on China for a material that’s crucial in types of low-carbon technology.
Vital Metals, the owner of the Nechalacho mine project in the N.W.T., has sent a subsidiary into bankruptcy and is stopping the construction of a Saskatoon processing plant.
“Geoff Atkins is one of the giants of critical minerals,” said CMI Founder Tracy Weslosky, “long before people recognized the vital importance of critical minerals. Geoff is one of the few mining executives outside of China who has played a critical role in establishing two landmark rare earth operations - Mt. Weld with Lynas Rare Earths Limited and Nechalacho with Vital Metals Limited. He joins a growing team of distinguished experts and industry leaders as a Director of the Critical Minerals Institute and will participate in a number of panels at the upcoming Critical Minerals Summit being held on June 14-15, 2023, in Toronto.”
Vital Metals plans for rare earth production stall mining.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining.com Daily Mail and Mail on Sunday newspapers.
Li-FT Power eyes Yellowknife for continent s next big lithium resource northernminer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from northernminer.com Daily Mail and Mail on Sunday newspapers.