ASX-listed Vital Metals hits 4-mth high on Canada project deals

Quebec Precious Metals

11/08/2021 07:08

** ASX-listed Vital Metals Ltd  VML.AX  shares soar as much
as 18% to A$0.072, highest since April 14 
    ** Rare-earth miner to buy projects in Quebec, Canada for
C$8 mln ($6.39 mln) (https://bit.ly/3CF05Rm)
    ** Will buy a 68% stake in the Kipawa project from Quebec
Precious Metals Corp  QPM.V  and all of the Zeus heavy rare
earth projects
    ** Says acquisition could complement Vital's light rare
earth ops at Nechalacho in Canada's Northwest Territories
    ** 94.3 mln shares change hands vs 30-day avg of 14.9 mln
shares 
    ** VML stock up 90.6% this year, as of last close 
    

($1 = 1.2524 Canadian dollars)

 (Reporting by Aneetta Thomas in Bengaluru)
 ((Aneetta.Thomas@thomsonreuters.com;))