Vital raises $13.5m for tungsten project study

Subiaco-based tungsten and molybdenum explorer Vital Metals Ltd has raised $6.6 million through a placement to partially fund a feasibility study of its Watershed project, the company has announced. Placing 11 million new shares at 60 cents each to raise the money, the company will also raise $6.9 million through a non-renounceable rights issue, offering one new share for every eight held one one free option for every two held.

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