FinTechFunding

Vital Metals: Raises $8M to progress operations

  • Vital Metals (VML) has received firm commitments to undertake an $8 million share placement
  • Approximately 400 million new shares will also issued to institutional, sophisticated and professional investors at two cents each
  • Vital Metals will primarily use the funds to work towards processing operations in Q2 2021
  • This includes the purchase of an ore sorter, undertaking sampling and metallurgical testwork, and general working capital
  • Shares expected to settle on October 1, with quotation on October 2
  • Vital Metals is steady on the market and shares are trading for 2.5 cents
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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