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
Previous article
Fluence Corporation: Secures $3.2M for Egyptian project upgrade
Next article
Westpac: Fined $1.3bn to settle AUSTRAC case
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.

You May Also Like

FinTech

Visa and Ramp Boost Bill Pay Automation with Agentic AI

New integration aims to streamline corporate expense management processes.Highlights: Visa and Ramp announce partnership to automate corporate bill...
FinTech

TikTok Seeks Financial Services Licenses in Brazil, Expanding Digital Reach

The platform aims to tap into Brazil's growing fintech market.Highlights: TikTok is applying for financial services licenses in...
FinTech

CaixaBank Strengthens Crypto Investment Services for Clients

The bank expands its offerings to include digital asset investments.Highlights: CaixaBank introduces cryptocurrency investment services to its clients.Clients...
FinTech

Monzo Shuts Down US Business to Focus on European Expansion

The UK-based fintech firm redirects efforts towards Europe amid challenges.Highlights: Monzo announces the closure of its US business.The...