Vital Metals signs MoU with Ucore for rare earths supply
2021-10-19 12:08:45 [Print]
Australian-based Vital Metals has announced a new deal to provide rare earth carbonate feedstock to Ucore Rare Metals.
The two companies have signed a memorandum of understanding (MoU) that will see Vital sell a minimum of 500 tonnes of rare earth oxides, excluding cerium, to Ucore per year, starting from 2024.
By 2026, however, Vital plans to supply to Ucore at least half of the material needed to support the Canadian company's envisioned 5000-tonne-per-year total rare earth oxide processing capability.
Vital Metals produces rare earth concentrate from its flagship Nechalacho project in Canada's Northwest Territories. The rare earth carbonate feedstock to be supplied under the deal will be for Ucore's ALASKA2023 project.
The two companies have signed a memorandum of understanding (MoU) that will see Vital sell a minimum of 500 tonnes of rare earth oxides, excluding cerium, to Ucore per year, starting from 2024.
By 2026, however, Vital plans to supply to Ucore at least half of the material needed to support the Canadian company's envisioned 5000-tonne-per-year total rare earth oxide processing capability.
Vital Metals produces rare earth concentrate from its flagship Nechalacho project in Canada's Northwest Territories. The rare earth carbonate feedstock to be supplied under the deal will be for Ucore's ALASKA2023 project.
