Vital Metals Ltd Arbitration Update
Key points
- Avalon Advanced Materials Inc. commenced arbitration against Cheetah Resources Pty Ltd and Nechalacho Resources Corp.
- Avalon seeks damages of at least CAD$16.8 million
- Cheetah has delivered its responding evidence and will vigorously defend itself
- Arbitration is scheduled for November 2026
Full summary
Vital Metals Limited (ASX: VML) announced that Avalon Advanced Materials Inc. has initiated arbitration against two of its subsidiaries, Cheetah Resources Pty Ltd and Nechalacho Resources Corp. Avalon alleges that Cheetah breached obligations under the Co-Ownership Agreement, rendering core samples unusable due to a wildfire at the Nechalacho Rare Earths Project site in August 2025. Avalon is seeking damages of at least CAD$16.8 million. Cheetah has submitted its response and plans to vigorously defend the claim, which it considers to be without merit. The arbitration is scheduled for November 2026. Vital Metals will keep the market informed of any material developments.
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