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

Revolut Strengthens Presence with New Paris Headquarters

The fintech company aims to enhance its operations in Western Europe.Highlights: Revolut opens a new headquarters in Paris...
FinTech

Australian Payments Plus Offloads Beem Consumer Payments App

The company divests its consumer app to focus on core business areas.Highlights: Australian Payments Plus sells its Beem...
FinTech

Mimir Acquires PayEx Platform to Strengthen Fintech Offerings

This acquisition signals a new chapter for Mimir in the fintech space.Highlights: Mimir acquires PayEx platform from Swedbank.The...
FinTech

Visa Unveils Tool to Strengthen Agentic Commerce for Firms

New offering aims to simplify and enhance digital commerce capabilities.Highlights: Visa launches a new tool for agentic commerce.The...