Desk · Resource definition · NdPr / LREE
ASX:VML
Vital Metals
Nechalacho operator that already tried to be a producer. The desk keeps failed first-movers visible so the strongest list stays honest.
Stalled
Pulse Timeline
Isoelectric line is the baseline Pulse. Spike height is catalyst strength. Wide gaps or a flat line = stalled progress / life support.
- 1) 06-01 Beat
- 2) 06-01 Listing
Lead II · 25 mm/s · Pulse 10 mm/mV · snapshot 2026-08-22
Life support
Isoelectric. No material beat in the window. A listing is not vitality.
- Last beat
- —
- Beats / 90d
- 0
- Recent gap
- —
0 beats in 180d
- — No dated beat in the trailing window.
- — Next: A recapitalisation that is more than survival (283d).
Trading
- Last
- A$0.004
- 1d
- 0.0%
- Mkt cap
- $12M
- Volume
- 5.0M
- 52-week
- A$0.002 – A$0.012
- 1m
- —
- 3m
- —
- 1y
- —
Shares — · snapshot, not a live tape
Company & people
HQ
Sydney / Yellowknife
Focus
NdPr / LREE · Monazite / HMS
CEO Vital Metals management
- Rebuilt board post-restructuring
Mine / project
Flagship
Nechalacho
Location
Northwest Territories, Canada · Canada
Deposit
Alkaline / bastnäsite-monazite
Resource
Defined REE resource. Prior production attempt did not hold.
Radioactivity
Moderate — typical monazite / carbonatite
Capital, loans, grants & support
None the desk is willing to count yet.
The Pulse
The anti-pulse. A resource, a camp, a try. Not on the strongest list. Useful as the control sample when a new junior claims it will be producing next year.
No.
Next: 1 Jun 2027 — A recapitalisation that is more than survival
Nasdaq path
Home listing is not Nasdaq. Bid price, registration, and a real asset gate are.
- 01 · DoneASX listing
Primary listing VML. Nechalacho operator that already tried to be a producer.
- 02 · GapUS OTC
No.
- 03 · GapDTC eligibility
No.
- 04 · GapUS holder tape
The anti-pulse. Holders who remain are leftover.
- 05 · NextRecapitalisation beyond survival1 Jun 2027
A resource, a camp, a try. Control sample for “producing next year” claims.
- 06 · GapSEC registration
No.
- 07 · GapNasdaq $4 bid
Last ~A$0.004. Not a security Nasdaq would look at.
- 08 · GapNasdaq application
No.
Catalysts
A recapitalisation that is more than survival
Desk note
Stays on this device. Not the press release.
Pulse = Catalyst proximity + government/strategic support + Nasdaq-path / listing signals + valuation & execution + stage progress. Method