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

NatWest Group Strengthens Free Investment Guidance Programme

New initiative aims to educate more customers on investing.Highlights: NatWest Group expands free investment guidance programme.Initiative targets educating...
FinTech

Tether Launches New Stablecoin Wallet to Enhance User Experience

This innovative platform aims to improve accessibility for crypto users.Highlights: Tether has introduced a new stablecoin wallet.The wallet...
FinTech

FCA Strengthens Money Laundering Combat with Synthetic Dataset

New collaboration aims to enhance detection capabilities against financial crime.Highlights: FCA partners with Turing Institute to combat money...
FinTech

Spektr Strengthens Compliance Efforts with $20M Funding

Fintech startup Spektr secures $20 million for AI-driven compliance solutions.Highlights: Spektr raises $20 million to enhance its AI...