Brief: Vital Metals Says Vital And Ucore Execute MoU For Supply Of Rare Earth Carbonate

Ucore Rare Metals

18/10/2021 23:07

Oct 19 (Reuters) - Vital Metals Ltd  VML.AX :
    * VITAL AND UCORE EXECUTE MOU FOR SUPPLY OF RARE EARTH
CARBONATE
    * TO SELL TO UCORE MINIMUM OF 500T REO (EX-CERIUM)/YEAR,
COMMENCING H1 2024
    * TO EXPAND PRODUCTION TO SUPPORT MINIMUM OF 50% OF UCORE'S
ENVISIONED 5,000T TREO/YEAR PROCESSING CAPABILITY BY 2026
    * MOU WILL POSITION VITAL AS A KEY SUPPLIER OF RARE EARTHS
IN
NORTH AMERICAN MARKET

Source text for Eikon:  urn:newsml:reuters.com:*:nASX6xmdVK
Further company coverage:  VML.AX 

 ((Reuters.Briefs@thomsonreuters.com;))