RE: Here you go Dragon Vital Vital Metals Canada Limited (“VMCL”), the owner of the Saskatoon Facility, gas been put in bankruptcy. Vital’s other Canadian subsidiary, Cheetah Resources Corporation, the owner of the mineral properties in NWT, remains unaffected by this process. Vital intends to continue funding the development of these assets towards the Company's goal of rare earth production at the Tardiff Project.
In short, Vital concluded ithat ts deal with REEtec was uneconomic and tried to get REEtec to change the terms of its offtake deal, which it did not. So Vital terminated the deal and REEtec does not accept the termination. So Vital out the susidiary in bankruptcy. Vital still plans to do the REE mining at Cardiff in NWT which I think would be the source of the feestock to sell to Ucore.
That Vital is some business partner for Ucore.
PR: Vital completes Saskatoon Processing Facility Strategic Review