Volta More than Doubles Springer Indicated Resource to 122.4 Mt, Ranks Among North America's Five Largest Rare Earth Deposits by M&I Tonnage*, and Delivers First Gallium Estimate
Original announcement by jmn on
- Company
- Volta Metals Ltd.
- Ticker
- VLTA
- Exchange
- CSE
- Region
- Ontario
- Primary commodity
- Rare earth elements
- Secondary commodities
- Gallium, Praseodymium, Neodymium, Dysprosium, Terbium, Lanthanum, Cerium, Samarium, Europium, Gadolinium, Holmium, Thulium, Erbium, Ytterbium, Lutetium, Yttrium
- Document categories
- Resource update
- Extracted
- 2026-10-19 10:19:26 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Volta Metals has announced a substantially expanded Mineral Resource Estimate for its Springer Rare Earth Element and Gallium Deposit, more than doubling its Indicated resource to 122.4 Mt and increasing Inferred resources by 65%. The update includes a first-time supplementary gallium estimate of 4,427 tonnes in the Indicated category. While overall grades for rare earth oxides have decreased, the significant increase in tonnage and improved net metal revenue position Springer as one of North America's largest rare earth deposits.
Reasoning: Volta Metals has announced a substantially expanded Mineral Resource Estimate for its Springer project, significantly increasing both Indicated and Inferred rare earth tonnages and introducing a new gallium estimate. While overall grades have decreased, the substantial volume increase and improved net metal revenue are positive, positioning Springer as a major North American rare earth deposit. The economic viability of gallium still requires further metallurgical work.
Positive factors
- Significant increase in Indicated and Inferred resource tonnage
- First-time supplementary gallium estimate
- Expansion of high-grade core
- Low conceptual strip ratio of 1.26
- Excellent existing infrastructure (Trans-Canada Highway, power, gas, rail)
- NI 43-101 compliant and QP signed off
Negative factors
- Overall grade decline in TREO and MREO for both Indicated and Inferred categories
- Gallium estimate not yet assigned economic value due to preliminary metallurgical test work
- REO recovery assumptions based on bench-scale test work on a single master composite, requiring further validation
- Historical density measurements not supported by laboratory certificates
- Comparison to previous estimate uses different technical and economic assumptions, complicating direct reconciliation
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 88
Classification and evidence
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: Indicated tonnage increased by 116% from 56.6 Mt to 122.4 Mt, and Inferred tonnage increased by 65% from 119.5 Mt to 197.5 Mt.
Evidence · text
“Indicated Mineral Resources increased 116% to 122.4 Mt grading 0.59% TREO, up from 56.6 Mt in February 2026. Inferred Mineral Resources increased 65% to 197.5 Mt grading 0.53% TREO.”
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
Why it applies: This is the first supplementary gallium estimate for the project.
Evidence · text
“Delivers First Gallium Estimate”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The Mineral Resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.
Evidence · text
“Prepared independently by SLR Consulting (Canada) Ltd. ("SLR") and effective September 30, 2026, the MRE includes all 13 holes (5,445 m) from the 2026 drill program and, for the first time, a supplementary gallium estimate.”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Ms. Katharine Masun, P.Geo., of SLR Consulting (Canada) Ltd. and Dr. Julie Selway, P.Geo., VP Exploration, are named as Qualified Persons and have reviewed and approved the scientific and technical information.
Evidence · text
“Ms. Katharine Masun, M.Sc., MSA, P.Geo., of SLR reviewed the sampling, analytical, and QA/QC data and considers them adequate for the Mineral Resource estimate and the supplementary gallium estimate. Ms. Masun is a Qualified Person as defined by National Instrument 43-101. ... Other scientific and technical information in this news release has been reviewed and approved by Dr. Julie Selway, P.Geo., VP Exploration, and a Qualified Person ("QP") as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects .”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The open pit Mineral Resources are reported within an optimized pit shell and above a C$43/t net metal revenue (NMR) cut-off.
Evidence · text
“Open pit Mineral Resources are reported within an optimized pit shell and above a C$43/t net metal revenue (NMR) cut-off.”
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: Indicated TREO decreased from 0.70% to 0.59% (-16%), and Inferred TREO decreased from 0.58% to 0.53% (-9%).
Evidence · text
“Indicated TREO decreased from 0.70% to 0.59%, and Inferred TREO decreased from 0.58% to 0.53%.”
Refractory Orenegative · Story-specific tag
Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.
Why it applies: Gallium is not yet assigned economic value because available metallurgical test work has not established overall recovery to a saleable gallium product, processing costs, or commercial payability.
Evidence · text
“Gallium is assigned no economic value because available metallurgical test work has not established overall recovery to a saleable gallium product, processing costs, or commercial payability.”
Bench Scale Onlynegative · Story-specific tag
Only preliminary bench tests completed — no locked-cycle or pilot work.
Why it applies: The recovery assumptions are based on bench-scale test work completed by SGS Canada Inc. on a single master composite from Springer, and are preliminary.
Evidence · text
“As reported in Volta's June 1, 2026 news release, the recovery assumptions are based on bench-scale test work completed by SGS Canada Inc. (SGS) on a single master composite from Springer. The results are preliminary and do not demonstrate recovery to a saleable product or consistent recovery across the deposit. Additional test work is required to confirm these assumptions.”
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: The North American ranking is based on a third-party database dated May 2025, which may not reflect the most recent estimates of other projects.
Evidence · text
“The North American ranking is based on a third-party database dated May 2025 that may not reflect the most recent estimates of other projects.”
Extracted facts
Stored fact records: 88. Some facts used in scoring do not have a stored record.
Resource Estimates (88)
indicatedSpringer · rare earth elementsTonnes: 27600000Grade: 1Grade Unit: % TREOView all detailsHide details
Identity
- Project
- Springer
- Commodity
- rare earth elements
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:d2589d3e9e9f17584640
- Deposit or zone
- High Grade
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 27600000
- Grade
- 1
- Grade Unit
- % TREO
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
- Prior Tonnes
- 11500000
- Prior Grade
- 1.1
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Indicated High Grade domain saw a substantial 140% increase in tonnage, significantly expanding the higher-confidence portion of the resource, despite a slight grade decrease.
Positive factors
- Significant tonnage increase (+140%) in the high-grade indicated resource
- NI 43-101 compliant and QP signed
Negative factors
- Grade decline (-9%) compared to previous estimate
- Preliminary metallurgical assumptions
Evidence · table
“27.6”
Context: High Grade
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 27600000 against 11500000 previously
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 1 against 1.1 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · rare earth elementsTonnes: 94800000Grade: 0.47Grade Unit: % TREOView all detailsHide details
Identity
- Project
- Springer
- Commodity
- rare earth elements
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:361e0c21815cdf17f846
- Deposit or zone
- Main
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 94800000
- Grade
- 0.47
- Grade Unit
- % TREO
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
- Prior Tonnes
- 45100000
- Prior Grade
- 0.6
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Indicated Main domain saw a substantial 110% increase in tonnage, contributing significantly to the overall resource growth, despite a notable grade decrease.
Positive factors
- Significant tonnage increase (+110%) in the indicated resource
- NI 43-101 compliant and QP signed
Negative factors
- Grade decline (-22%) compared to previous estimate
- Preliminary metallurgical assumptions
Evidence · table
“94.8”
Context: Main
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 94800000 against 45100000 previously
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 0.47 against 0.6 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · rare earth elementsTonnes: 122400000Grade: 0.59Grade Unit: % TREOView all detailsHide details
Identity
- Project
- Springer
- Commodity
- rare earth elements
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:6b9b87ae8de28446d4f0
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 122400000
- Grade
- 0.59
- Grade Unit
- % TREO
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
- Prior Tonnes
- 56600000
- Prior Grade
- 0.7
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The total Indicated Mineral Resource more than doubled, significantly de-risking the project and establishing its scale, despite a decrease in average TREO grade.
Positive factors
- Overall Indicated tonnage more than doubled (+116%)
- Positions Springer among North America's largest rare earth deposits
- NI 43-101 compliant and QP signed
Negative factors
- Overall Indicated TREO grade decreased (-16%)
- Preliminary metallurgical assumptions
Evidence · table
“122.4”
Context: Total
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 122400000 against 56600000 previously
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 0.59 against 0.7 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · rare earth elementsTonnes: 26700000Grade: 0.94Grade Unit: % TREOView all detailsHide details
Identity
- Project
- Springer
- Commodity
- rare earth elements
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:0bce6448ca749daa390c
- Deposit or zone
- High Grade
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 26700000
- Grade
- 0.94
- Grade Unit
- % TREO
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
- Prior Tonnes
- 3000000
- Prior Grade
- 1.16
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Inferred High Grade domain saw a massive 790% increase in tonnage, indicating significant potential for future resource conversion, despite a grade decrease.
Positive factors
- Significant tonnage increase (+790%) in the high-grade inferred resource
- NI 43-101 compliant and QP signed
Negative factors
- Grade decline (-19%) compared to previous estimate
- Preliminary metallurgical assumptions
Evidence · table
“26.7”
Context: High Grade
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 26700000 against 3000000 previously
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 0.94 against 1.16 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · rare earth elementsTonnes: 170800000Grade: 0.46Grade Unit: % TREOView all detailsHide details
Identity
- Project
- Springer
- Commodity
- rare earth elements
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:574fe63451d346992ea8
- Deposit or zone
- Main
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 170800000
- Grade
- 0.46
- Grade Unit
- % TREO
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
- Prior Tonnes
- 116500000
- Prior Grade
- 0.57
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Inferred Main domain saw a 47% increase in tonnage, adding significant volume to the overall resource, despite a notable grade decrease.
Positive factors
- Significant tonnage increase (+47%) in the inferred resource
- NI 43-101 compliant and QP signed
Negative factors
- Grade decline (-19%) compared to previous estimate
- Preliminary metallurgical assumptions
Evidence · table
“170.8”
Context: Main
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 170800000 against 116500000 previously
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 0.46 against 0.57 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · rare earth elementsTonnes: 197500000Grade: 0.53Grade Unit: % TREOView all detailsHide details
Identity
- Project
- Springer
- Commodity
- rare earth elements
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:8efaf95a3ad99896330e
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 197500000
- Grade
- 0.53
- Grade Unit
- % TREO
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
- Prior Tonnes
- 119500000
- Prior Grade
- 0.58
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The total Inferred Mineral Resource increased by 65%, adding significant potential for future resource conversion, despite a decrease in average TREO grade.
Positive factors
- Overall Inferred tonnage increased (+65%)
- NI 43-101 compliant and QP signed
Negative factors
- Overall Inferred TREO grade decreased (-9%)
- Preliminary metallurgical assumptions
Evidence · table
“197.5”
Context: Total
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 197500000 against 119500000 previously
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 0.53 against 0.58 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · praseodymiumTonnes: 27600000Grade: 495Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- praseodymium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:d2589d3e9e9f17584640
- Deposit or zone
- High Grade
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 27600000
- Grade
- 495
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
- Prior Grade
- 540
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Indicated High Grade domain shows a strong Praseodymium grade, though slightly lower than the previous estimate, within a significantly expanded tonnage.
Positive factors
- Significant tonnage increase in the high-grade indicated resource
- NI 43-101 compliant and QP signed
Negative factors
- Grade decline (-8%) compared to previous estimate
- Preliminary metallurgical assumptions
Evidence · table
“495”
Context: 27.6
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 495 against 540 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · neodymiumTonnes: 27600000Grade: 1683Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- neodymium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:d2589d3e9e9f17584640
- Deposit or zone
- High Grade
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 27600000
- Grade
- 1683
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
- Prior Grade
- 1846
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Indicated High Grade domain shows a strong Neodymium grade, though slightly lower than the previous estimate, within a significantly expanded tonnage.
Positive factors
- Significant tonnage increase in the high-grade indicated resource
- NI 43-101 compliant and QP signed
Negative factors
- Grade decline (-9%) compared to previous estimate
- Preliminary metallurgical assumptions
Evidence · table
“1,683”
Context: 27.6
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 1683 against 1846 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · dysprosiumTonnes: 27600000Grade: 63Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- dysprosium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:d2589d3e9e9f17584640
- Deposit or zone
- High Grade
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 27600000
- Grade
- 63
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
- Prior Grade
- 68
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Indicated High Grade domain shows a good Dysprosium grade, though slightly lower than the previous estimate, within a significantly expanded tonnage.
Positive factors
- Significant tonnage increase in the high-grade indicated resource
- NI 43-101 compliant and QP signed
Negative factors
- Grade decline (-7%) compared to previous estimate
- Preliminary metallurgical assumptions
Evidence · table
“63”
Context: 27.6
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 63 against 68 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · terbiumTonnes: 27600000Grade: 14Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- terbium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:d2589d3e9e9f17584640
- Deposit or zone
- High Grade
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 27600000
- Grade
- 14
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
- Prior Grade
- 15
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Indicated High Grade domain shows a good Terbium grade, though slightly lower than the previous estimate, within a significantly expanded tonnage.
Positive factors
- Significant tonnage increase in the high-grade indicated resource
- NI 43-101 compliant and QP signed
Negative factors
- Grade decline (-7%) compared to previous estimate
- Preliminary metallurgical assumptions
Evidence · table
“14”
Context: 27.6
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 14 against 15 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · praseodymiumTonnes: 94800000Grade: 234Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- praseodymium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:361e0c21815cdf17f846
- Deposit or zone
- Main
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 94800000
- Grade
- 234
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
- Prior Grade
- 296
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Indicated Main domain shows a Praseodymium grade that has decreased significantly, but is part of a substantially larger tonnage.
Positive factors
- Significant tonnage increase in the indicated resource
- NI 43-101 compliant and QP signed
Negative factors
- Grade decline (-21%) compared to previous estimate
- Preliminary metallurgical assumptions
Evidence · table
“234”
Context: 94.8
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 234 against 296 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · neodymiumTonnes: 94800000Grade: 792Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- neodymium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:361e0c21815cdf17f846
- Deposit or zone
- Main
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 94800000
- Grade
- 792
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
- Prior Grade
- 1017
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Indicated Main domain shows a Neodymium grade that has decreased significantly, but is part of a substantially larger tonnage.
Positive factors
- Significant tonnage increase in the indicated resource
- NI 43-101 compliant and QP signed
Negative factors
- Grade decline (-22%) compared to previous estimate
- Preliminary metallurgical assumptions
Evidence · table
“792”
Context: 94.8
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 792 against 1017 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · dysprosiumTonnes: 94800000Grade: 24Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- dysprosium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:361e0c21815cdf17f846
- Deposit or zone
- Main
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 94800000
- Grade
- 24
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
- Prior Grade
- 30
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Indicated Main domain shows a Dysprosium grade that has decreased significantly, but is part of a substantially larger tonnage.
Positive factors
- Significant tonnage increase in the indicated resource
- NI 43-101 compliant and QP signed
Negative factors
- Grade decline (-20%) compared to previous estimate
- Preliminary metallurgical assumptions
Evidence · table
“24”
Context: 94.8
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 24 against 30 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · terbiumTonnes: 94800000Grade: 6Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- terbium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:361e0c21815cdf17f846
- Deposit or zone
- Main
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 94800000
- Grade
- 6
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
- Prior Grade
- 7
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Indicated Main domain shows a Terbium grade that has decreased, but is part of a substantially larger tonnage.
Positive factors
- Significant tonnage increase in the indicated resource
- NI 43-101 compliant and QP signed
Negative factors
- Grade decline (-14%) compared to previous estimate
- Preliminary metallurgical assumptions
Evidence · table
“6”
Context: 94.8
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 6 against 7 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · praseodymiumTonnes: 122400000Grade: 293Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- praseodymium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:6b9b87ae8de28446d4f0
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 122400000
- Grade
- 293
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
- Prior Grade
- 346
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The total Indicated Mineral Resource shows a significant increase in tonnage, despite a decrease in average Praseodymium grade.
Positive factors
- Overall Indicated tonnage more than doubled (+116%)
- NI 43-101 compliant and QP signed
Negative factors
- Overall Indicated Praseodymium grade decreased (-15%)
- Preliminary metallurgical assumptions
Evidence · table
“293”
Context: 122.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 293 against 346 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · neodymiumTonnes: 122400000Grade: 993Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- neodymium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:6b9b87ae8de28446d4f0
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 122400000
- Grade
- 993
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
- Prior Grade
- 1185
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The total Indicated Mineral Resource shows a significant increase in tonnage, despite a decrease in average Neodymium grade.
Positive factors
- Overall Indicated tonnage more than doubled (+116%)
- NI 43-101 compliant and QP signed
Negative factors
- Overall Indicated Neodymium grade decreased (-16%)
- Preliminary metallurgical assumptions
Evidence · table
“993”
Context: 122.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 993 against 1185 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · dysprosiumTonnes: 122400000Grade: 33Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- dysprosium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:6b9b87ae8de28446d4f0
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 122400000
- Grade
- 33
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
- Prior Grade
- 38
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The total Indicated Mineral Resource shows a significant increase in tonnage, despite a decrease in average Dysprosium grade.
Positive factors
- Overall Indicated tonnage more than doubled (+116%)
- NI 43-101 compliant and QP signed
Negative factors
- Overall Indicated Dysprosium grade decreased (-13%)
- Preliminary metallurgical assumptions
Evidence · table
“33”
Context: 122.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 33 against 38 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · terbiumTonnes: 122400000Grade: 8Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- terbium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:6b9b87ae8de28446d4f0
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 122400000
- Grade
- 8
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
- Prior Grade
- 9
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The total Indicated Mineral Resource shows a significant increase in tonnage, despite a decrease in average Terbium grade.
Positive factors
- Overall Indicated tonnage more than doubled (+116%)
- NI 43-101 compliant and QP signed
Negative factors
- Overall Indicated Terbium grade decreased (-11%)
- Preliminary metallurgical assumptions
Evidence · table
“8”
Context: 122.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 8 against 9 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · praseodymiumTonnes: 26700000Grade: 464Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- praseodymium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:0bce6448ca749daa390c
- Deposit or zone
- High Grade
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 26700000
- Grade
- 464
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
- Prior Grade
- 559
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Inferred High Grade domain shows a strong Praseodymium grade, though lower than the previous estimate, within a significantly expanded tonnage.
Positive factors
- Significant tonnage increase in the high-grade inferred resource
- NI 43-101 compliant and QP signed
Negative factors
- Grade decline (-17%) compared to previous estimate
- Preliminary metallurgical assumptions
Evidence · table
“464”
Context: 26.7
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 464 against 559 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · neodymiumTonnes: 26700000Grade: 1507Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- neodymium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:0bce6448ca749daa390c
- Deposit or zone
- High Grade
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 26700000
- Grade
- 1507
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
- Prior Grade
- 1848
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Inferred High Grade domain shows a strong Neodymium grade, though lower than the previous estimate, within a significantly expanded tonnage.
Positive factors
- Significant tonnage increase in the high-grade inferred resource
- NI 43-101 compliant and QP signed
Negative factors
- Grade decline (-19%) compared to previous estimate
- Preliminary metallurgical assumptions
Evidence · table
“1,507”
Context: 26.7
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 1507 against 1848 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · dysprosiumTonnes: 26700000Grade: 43Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- dysprosium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:0bce6448ca749daa390c
- Deposit or zone
- High Grade
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 26700000
- Grade
- 43
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
- Prior Grade
- 70
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Inferred High Grade domain shows a Dysprosium grade that has significantly decreased, despite a substantial tonnage increase.
Positive factors
- Significant tonnage increase in the high-grade inferred resource
- NI 43-101 compliant and QP signed
Negative factors
- Significant grade decline (-39%) compared to previous estimate
- Preliminary metallurgical assumptions
Evidence · table
“43”
Context: 26.7
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 43 against 70 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · terbiumTonnes: 26700000Grade: 10Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- terbium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:0bce6448ca749daa390c
- Deposit or zone
- High Grade
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 26700000
- Grade
- 10
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
- Prior Grade
- 15
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Inferred High Grade domain shows a Terbium grade that has significantly decreased, despite a substantial tonnage increase.
Positive factors
- Significant tonnage increase in the high-grade inferred resource
- NI 43-101 compliant and QP signed
Negative factors
- Significant grade decline (-33%) compared to previous estimate
- Preliminary metallurgical assumptions
Evidence · table
“10”
Context: 26.7
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 10 against 15 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · praseodymiumTonnes: 170800000Grade: 226Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- praseodymium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:574fe63451d346992ea8
- Deposit or zone
- Main
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 170800000
- Grade
- 226
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
- Prior Grade
- 275
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Inferred Main domain shows a Praseodymium grade that has decreased significantly, but is part of a substantially larger tonnage.
Positive factors
- Significant tonnage increase in the inferred resource
- NI 43-101 compliant and QP signed
Negative factors
- Grade decline (-18%) compared to previous estimate
- Preliminary metallurgical assumptions
Evidence · table
“226”
Context: 170.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 226 against 275 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · neodymiumTonnes: 170800000Grade: 754Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- neodymium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:574fe63451d346992ea8
- Deposit or zone
- Main
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 170800000
- Grade
- 754
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
- Prior Grade
- 924
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Inferred Main domain shows a Neodymium grade that has decreased significantly, but is part of a substantially larger tonnage.
Positive factors
- Significant tonnage increase in the inferred resource
- NI 43-101 compliant and QP signed
Negative factors
- Grade decline (-18%) compared to previous estimate
- Preliminary metallurgical assumptions
Evidence · table
“754”
Context: 170.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 754 against 924 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · dysprosiumTonnes: 170800000Grade: 24Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- dysprosium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:574fe63451d346992ea8
- Deposit or zone
- Main
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 170800000
- Grade
- 24
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
- Prior Grade
- 30
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Inferred Main domain shows a Dysprosium grade that has decreased significantly, but is part of a substantially larger tonnage.
Positive factors
- Significant tonnage increase in the inferred resource
- NI 43-101 compliant and QP signed
Negative factors
- Grade decline (-20%) compared to previous estimate
- Preliminary metallurgical assumptions
Evidence · table
“24”
Context: 170.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 24 against 30 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · terbiumTonnes: 170800000Grade: 6Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- terbium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:574fe63451d346992ea8
- Deposit or zone
- Main
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 170800000
- Grade
- 6
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
- Prior Grade
- 7
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Inferred Main domain shows a Terbium grade that has decreased, but is part of a substantially larger tonnage.
Positive factors
- Significant tonnage increase in the inferred resource
- NI 43-101 compliant and QP signed
Negative factors
- Grade decline (-14%) compared to previous estimate
- Preliminary metallurgical assumptions
Evidence · table
“6”
Context: 170.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 6 against 7 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · praseodymiumTonnes: 197500000Grade: 258Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- praseodymium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:8efaf95a3ad99896330e
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 197500000
- Grade
- 258
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
- Prior Grade
- 282
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The total Inferred Mineral Resource shows a significant increase in tonnage, despite a decrease in average Praseodymium grade.
Positive factors
- Overall Inferred tonnage increased (+65%)
- NI 43-101 compliant and QP signed
Negative factors
- Overall Inferred Praseodymium grade decreased (-9%)
- Preliminary metallurgical assumptions
Evidence · table
“258”
Context: 197.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 258 against 282 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · neodymiumTonnes: 197500000Grade: 856Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- neodymium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:8efaf95a3ad99896330e
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 197500000
- Grade
- 856
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
- Prior Grade
- 947
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The total Inferred Mineral Resource shows a significant increase in tonnage, despite a decrease in average Neodymium grade.
Positive factors
- Overall Inferred tonnage increased (+65%)
- NI 43-101 compliant and QP signed
Negative factors
- Overall Inferred Neodymium grade decreased (-10%)
- Preliminary metallurgical assumptions
Evidence · table
“856”
Context: 197.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 856 against 947 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · dysprosiumTonnes: 197500000Grade: 27Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- dysprosium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:8efaf95a3ad99896330e
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 197500000
- Grade
- 27
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
- Prior Grade
- 31
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The total Inferred Mineral Resource shows a significant increase in tonnage, despite a decrease in average Dysprosium grade.
Positive factors
- Overall Inferred tonnage increased (+65%)
- NI 43-101 compliant and QP signed
Negative factors
- Overall Inferred Dysprosium grade decreased (-13%)
- Preliminary metallurgical assumptions
Evidence · table
“27”
Context: 197.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 27 against 31 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · terbiumTonnes: 197500000Grade: 6Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- terbium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:8efaf95a3ad99896330e
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 197500000
- Grade
- 6
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
- Prior Grade
- 7
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The total Inferred Mineral Resource shows a significant increase in tonnage, despite a decrease in average Terbium grade.
Positive factors
- Overall Inferred tonnage increased (+65%)
- NI 43-101 compliant and QP signed
Negative factors
- Overall Inferred Terbium grade decreased (-14%)
- Preliminary metallurgical assumptions
Evidence · table
“6”
Context: 197.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 6 against 7 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · lanthanumTonnes: 122400000Grade: 1426Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- lanthanum
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:6b9b87ae8de28446d4f0
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 122400000
- Grade
- 1426
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The total Indicated Mineral Resource shows a significant increase in tonnage, with a reported Lanthanum grade.
Positive factors
- Overall Indicated tonnage more than doubled (+116%)
- NI 43-101 compliant and QP signed
Negative factors
- Preliminary metallurgical assumptions
Evidence · table
“1,426”
Context: 122.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · ceriumTonnes: 122400000Grade: 2757Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- cerium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:6b9b87ae8de28446d4f0
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 122400000
- Grade
- 2757
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The total Indicated Mineral Resource shows a significant increase in tonnage, with a reported Cerium grade.
Positive factors
- Overall Indicated tonnage more than doubled (+116%)
- NI 43-101 compliant and QP signed
Negative factors
- Preliminary metallurgical assumptions
Evidence · table
“2,757”
Context: 122.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · samariumTonnes: 122400000Grade: 134Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- samarium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:6b9b87ae8de28446d4f0
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 122400000
- Grade
- 134
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The total Indicated Mineral Resource shows a significant increase in tonnage, with a reported Samarium grade.
Positive factors
- Overall Indicated tonnage more than doubled (+116%)
- NI 43-101 compliant and QP signed
Negative factors
- Preliminary metallurgical assumptions
Evidence · table
“134”
Context: 122.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · europiumTonnes: 122400000Grade: 31Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- europium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:6b9b87ae8de28446d4f0
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 122400000
- Grade
- 31
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The total Indicated Mineral Resource shows a significant increase in tonnage, with a reported Europium grade.
Positive factors
- Overall Indicated tonnage more than doubled (+116%)
- NI 43-101 compliant and QP signed
Negative factors
- Preliminary metallurgical assumptions
Evidence · table
“31”
Context: 122.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · gadoliniumTonnes: 122400000Grade: 76Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- gadolinium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:6b9b87ae8de28446d4f0
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 122400000
- Grade
- 76
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The total Indicated Mineral Resource shows a significant increase in tonnage, with a reported Gadolinium grade.
Positive factors
- Overall Indicated tonnage more than doubled (+116%)
- NI 43-101 compliant and QP signed
Negative factors
- Preliminary metallurgical assumptions
Evidence · table
“76”
Context: 122.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · holmiumTonnes: 122400000Grade: 5Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- holmium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:6b9b87ae8de28446d4f0
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 122400000
- Grade
- 5
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The total Indicated Mineral Resource shows a significant increase in tonnage, with a reported Holmium grade.
Positive factors
- Overall Indicated tonnage more than doubled (+116%)
- NI 43-101 compliant and QP signed
Negative factors
- Preliminary metallurgical assumptions
Evidence · table
“5”
Context: 122.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · thuliumTonnes: 122400000Grade: 1Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- thulium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:6b9b87ae8de28446d4f0
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 122400000
- Grade
- 1
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The total Indicated Mineral Resource shows a significant increase in tonnage, with a reported Thulium grade.
Positive factors
- Overall Indicated tonnage more than doubled (+116%)
- NI 43-101 compliant and QP signed
Negative factors
- Preliminary metallurgical assumptions
Evidence · table
“1”
Context: 122.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · erbiumTonnes: 122400000Grade: 12Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- erbium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:6b9b87ae8de28446d4f0
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 122400000
- Grade
- 12
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The total Indicated Mineral Resource shows a significant increase in tonnage, with a reported Erbium grade.
Positive factors
- Overall Indicated tonnage more than doubled (+116%)
- NI 43-101 compliant and QP signed
Negative factors
- Preliminary metallurgical assumptions
Evidence · table
“12”
Context: 122.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · ytterbiumTonnes: 122400000Grade: 8Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- ytterbium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:6b9b87ae8de28446d4f0
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 122400000
- Grade
- 8
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The total Indicated Mineral Resource shows a significant increase in tonnage, with a reported Ytterbium grade.
Positive factors
- Overall Indicated tonnage more than doubled (+116%)
- NI 43-101 compliant and QP signed
Negative factors
- Preliminary metallurgical assumptions
Evidence · table
“8”
Context: 122.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · lutetiumTonnes: 122400000Grade: 1Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- lutetium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:6b9b87ae8de28446d4f0
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 122400000
- Grade
- 1
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The total Indicated Mineral Resource shows a significant increase in tonnage, with a reported Lutetium grade.
Positive factors
- Overall Indicated tonnage more than doubled (+116%)
- NI 43-101 compliant and QP signed
Negative factors
- Preliminary metallurgical assumptions
Evidence · table
“1”
Context: 122.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · yttriumTonnes: 122400000Grade: 151Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- yttrium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:6b9b87ae8de28446d4f0
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 122400000
- Grade
- 151
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The total Indicated Mineral Resource shows a significant increase in tonnage, with a reported Yttrium grade.
Positive factors
- Overall Indicated tonnage more than doubled (+116%)
- NI 43-101 compliant and QP signed
Negative factors
- Preliminary metallurgical assumptions
Evidence · table
“151”
Context: 122.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · lanthanumTonnes: 197500000Grade: 1290Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- lanthanum
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:8efaf95a3ad99896330e
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 197500000
- Grade
- 1290
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The total Inferred Mineral Resource shows a significant increase in tonnage, with a reported Lanthanum grade.
Positive factors
- Overall Inferred tonnage increased (+65%)
- NI 43-101 compliant and QP signed
Negative factors
- Preliminary metallurgical assumptions
Evidence · table
“1,290”
Context: 197.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · ceriumTonnes: 197500000Grade: 2497Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- cerium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:8efaf95a3ad99896330e
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 197500000
- Grade
- 2497
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The total Inferred Mineral Resource shows a significant increase in tonnage, with a reported Cerium grade.
Positive factors
- Overall Inferred tonnage increased (+65%)
- NI 43-101 compliant and QP signed
Negative factors
- Preliminary metallurgical assumptions
Evidence · table
“2,497”
Context: 197.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · samariumTonnes: 197500000Grade: 116Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- samarium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:8efaf95a3ad99896330e
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 197500000
- Grade
- 116
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The total Inferred Mineral Resource shows a significant increase in tonnage, with a reported Samarium grade.
Positive factors
- Overall Inferred tonnage increased (+65%)
- NI 43-101 compliant and QP signed
Negative factors
- Preliminary metallurgical assumptions
Evidence · table
“116”
Context: 197.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · europiumTonnes: 197500000Grade: 26Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- europium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:8efaf95a3ad99896330e
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 197500000
- Grade
- 26
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The total Inferred Mineral Resource shows a significant increase in tonnage, with a reported Europium grade.
Positive factors
- Overall Inferred tonnage increased (+65%)
- NI 43-101 compliant and QP signed
Negative factors
- Preliminary metallurgical assumptions
Evidence · table
“26”
Context: 197.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · gadoliniumTonnes: 197500000Grade: 66Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- gadolinium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:8efaf95a3ad99896330e
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 197500000
- Grade
- 66
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The total Inferred Mineral Resource shows a significant increase in tonnage, with a reported Gadolinium grade.
Positive factors
- Overall Inferred tonnage increased (+65%)
- NI 43-101 compliant and QP signed
Negative factors
- Preliminary metallurgical assumptions
Evidence · table
“66”
Context: 197.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · holmiumTonnes: 197500000Grade: 4Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- holmium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:8efaf95a3ad99896330e
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 197500000
- Grade
- 4
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The total Inferred Mineral Resource shows a significant increase in tonnage, with a reported Holmium grade.
Positive factors
- Overall Inferred tonnage increased (+65%)
- NI 43-101 compliant and QP signed
Negative factors
- Preliminary metallurgical assumptions
Evidence · table
“4”
Context: 197.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · thuliumTonnes: 197500000Grade: 1Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- thulium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:8efaf95a3ad99896330e
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 197500000
- Grade
- 1
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The total Inferred Mineral Resource shows a significant increase in tonnage, with a reported Thulium grade.
Positive factors
- Overall Inferred tonnage increased (+65%)
- NI 43-101 compliant and QP signed
Negative factors
- Preliminary metallurgical assumptions
Evidence · table
“1”
Context: 197.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · erbiumTonnes: 197500000Grade: 10Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- erbium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:8efaf95a3ad99896330e
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 197500000
- Grade
- 10
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The total Inferred Mineral Resource shows a significant increase in tonnage, with a reported Erbium grade.
Positive factors
- Overall Inferred tonnage increased (+65%)
- NI 43-101 compliant and QP signed
Negative factors
- Preliminary metallurgical assumptions
Evidence · table
“10”
Context: 197.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · ytterbiumTonnes: 197500000Grade: 7Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- ytterbium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:8efaf95a3ad99896330e
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 197500000
- Grade
- 7
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The total Inferred Mineral Resource shows a significant increase in tonnage, with a reported Ytterbium grade.
Positive factors
- Overall Inferred tonnage increased (+65%)
- NI 43-101 compliant and QP signed
Negative factors
- Preliminary metallurgical assumptions
Evidence · table
“7”
Context: 197.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · lutetiumTonnes: 197500000Grade: 1Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- lutetium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:8efaf95a3ad99896330e
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 197500000
- Grade
- 1
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The total Inferred Mineral Resource shows a significant increase in tonnage, with a reported Lutetium grade.
Positive factors
- Overall Inferred tonnage increased (+65%)
- NI 43-101 compliant and QP signed
Negative factors
- Preliminary metallurgical assumptions
Evidence · table
“1”
Context: 197.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · yttriumTonnes: 197500000Grade: 120Grade Unit: g/tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- yttrium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:8efaf95a3ad99896330e
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 197500000
- Grade
- 120
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The total Inferred Mineral Resource shows a significant increase in tonnage, with a reported Yttrium grade.
Positive factors
- Overall Inferred tonnage increased (+65%)
- NI 43-101 compliant and QP signed
Negative factors
- Preliminary metallurgical assumptions
Evidence · table
“120”
Context: 197.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · galliumTonnes: 14800000Grade: 56Grade Unit: g/tContained Metal: 836Contained Unit: tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- gallium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:feff13caf212e8abec68
- Deposit or zone
- Ga High Grade
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 14800000
- Grade
- 56
- Grade Unit
- g/t
- Contained Metal
- 836
- Contained Unit
- t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This is the first gallium estimate for the project, indicating potential for a new critical metal, though its economic viability is still under evaluation.
Positive factors
- First-time supplementary gallium estimate
- NI 43-101 compliant and QP signed
Negative factors
- Gallium not yet assigned economic value
- Preliminary metallurgical test work
Evidence · table
“56”
Context: 14.8
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · galliumTonnes: 107600000Grade: 33Grade Unit: g/tContained Metal: 3591Contained Unit: tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- gallium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:2487c066c235562f5b24
- Deposit or zone
- Ga Main
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 107600000
- Grade
- 33
- Grade Unit
- g/t
- Contained Metal
- 3591
- Contained Unit
- t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This is the first gallium estimate for the project, indicating potential for a new critical metal, though its economic viability is still under evaluation.
Positive factors
- First-time supplementary gallium estimate
- NI 43-101 compliant and QP signed
Negative factors
- Gallium not yet assigned economic value
- Preliminary metallurgical test work
Evidence · table
“33”
Context: 107.6
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · galliumTonnes: 122400000Grade: 36Grade Unit: g/tContained Metal: 4427Contained Unit: tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- gallium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:6b9b87ae8de28446d4f0
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 122400000
- Grade
- 36
- Grade Unit
- g/t
- Contained Metal
- 4427
- Contained Unit
- t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This is the first gallium estimate for the project, indicating potential for a new critical metal, though its economic viability is still under evaluation.
Positive factors
- First-time supplementary gallium estimate
- NI 43-101 compliant and QP signed
Negative factors
- Gallium not yet assigned economic value
- Preliminary metallurgical test work
Evidence · table
“36”
Context: 122.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · galliumTonnes: 19600000Grade: 53Grade Unit: g/tContained Metal: 1030Contained Unit: tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- gallium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:1c2fade3aeb9cb1fa879
- Deposit or zone
- Ga High Grade
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 19600000
- Grade
- 53
- Grade Unit
- g/t
- Contained Metal
- 1030
- Contained Unit
- t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This is the first gallium estimate for the project, indicating potential for a new critical metal, though its economic viability is still under evaluation.
Positive factors
- First-time supplementary gallium estimate
- NI 43-101 compliant and QP signed
Negative factors
- Gallium not yet assigned economic value
- Preliminary metallurgical test work
Evidence · table
“53”
Context: 19.6
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · galliumTonnes: 177900000Grade: 35Grade Unit: g/tContained Metal: 6176Contained Unit: tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- gallium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:123770e80549873776fd
- Deposit or zone
- Ga Main
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 177900000
- Grade
- 35
- Grade Unit
- g/t
- Contained Metal
- 6176
- Contained Unit
- t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This is the first gallium estimate for the project, indicating potential for a new critical metal, though its economic viability is still under evaluation.
Positive factors
- First-time supplementary gallium estimate
- NI 43-101 compliant and QP signed
Negative factors
- Gallium not yet assigned economic value
- Preliminary metallurgical test work
Evidence · table
“35”
Context: 177.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · galliumTonnes: 197500000Grade: 36Grade Unit: g/tContained Metal: 7206Contained Unit: tView all detailsHide details
Identity
- Project
- Springer
- Commodity
- gallium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-30T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:8efaf95a3ad99896330e
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 197500000
- Grade
- 36
- Grade Unit
- g/t
- Contained Metal
- 7206
- Contained Unit
- t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This is the first gallium estimate for the project, indicating potential for a new critical metal, though its economic viability is still under evaluation.
Positive factors
- First-time supplementary gallium estimate
- NI 43-101 compliant and QP signed
Negative factors
- Gallium not yet assigned economic value
- Preliminary metallurgical test work
Evidence · table
“36”
Context: 197.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · rare earth elementsTonnes: 11500000Grade: 1.1Grade Unit: % TREOHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springer
- Commodity
- rare earth elements
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:9708256e92bcbb2a0aae
- Deposit or zone
- High Grade
Resource Data
- Category
- indicated
- Tonnes
- 11500000
- Grade
- 1.1
- Grade Unit
- % TREO
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-02-23T00:00:00.000Z
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This is a historical estimate provided for comparison purposes, not a new result.
Negative factors
- Stale data re-release
Evidence · table
“11.5”
Context: High Grade
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · rare earth elementsTonnes: 45100000Grade: 0.6Grade Unit: % TREOHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springer
- Commodity
- rare earth elements
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:d5f9df9e8f018fa80670
- Deposit or zone
- Main / Low Grade
Resource Data
- Category
- indicated
- Tonnes
- 45100000
- Grade
- 0.6
- Grade Unit
- % TREO
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-02-23T00:00:00.000Z
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This is a historical estimate provided for comparison purposes, not a new result.
Negative factors
- Stale data re-release
Evidence · table
“45.1”
Context: Main / Low Grade
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · rare earth elementsTonnes: 56600000Grade: 0.7Grade Unit: % TREOHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springer
- Commodity
- rare earth elements
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:acd4369a270b59c5c14a
- Deposit or zone
- Total
Resource Data
- Category
- indicated
- Tonnes
- 56600000
- Grade
- 0.7
- Grade Unit
- % TREO
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-02-23T00:00:00.000Z
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This is a historical estimate provided for comparison purposes, not a new result.
Negative factors
- Stale data re-release
Evidence · table
“56.6”
Context: Total
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · rare earth elementsTonnes: 3000000Grade: 1.16Grade Unit: % TREOHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springer
- Commodity
- rare earth elements
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:92338c93c324ce126d82
- Deposit or zone
- High Grade
Resource Data
- Category
- inferred
- Tonnes
- 3000000
- Grade
- 1.16
- Grade Unit
- % TREO
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-02-23T00:00:00.000Z
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This is a historical estimate provided for comparison purposes, not a new result.
Negative factors
- Stale data re-release
Evidence · table
“3.0”
Context: High Grade
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · rare earth elementsTonnes: 116500000Grade: 0.57Grade Unit: % TREOHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springer
- Commodity
- rare earth elements
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:9450b56eb8c7660d4291
- Deposit or zone
- Main / Low Grade
Resource Data
- Category
- inferred
- Tonnes
- 116500000
- Grade
- 0.57
- Grade Unit
- % TREO
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-02-23T00:00:00.000Z
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This is a historical estimate provided for comparison purposes, not a new result.
Negative factors
- Stale data re-release
Evidence · table
“116.5”
Context: Main / Low Grade
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · rare earth elementsTonnes: 119500000Grade: 0.58Grade Unit: % TREOHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springer
- Commodity
- rare earth elements
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:a583c445c8843edd5c60
- Deposit or zone
- Total
Resource Data
- Category
- inferred
- Tonnes
- 119500000
- Grade
- 0.58
- Grade Unit
- % TREO
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-02-23T00:00:00.000Z
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This is a historical estimate provided for comparison purposes, not a new result.
Negative factors
- Stale data re-release
Evidence · table
“119.5”
Context: Total
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · praseodymiumTonnes: 11500000Grade: 540Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springer
- Commodity
- praseodymium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:9708256e92bcbb2a0aae
- Deposit or zone
- High Grade
Resource Data
- Category
- indicated
- Tonnes
- 11500000
- Grade
- 540
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-02-23T00:00:00.000Z
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This is a historical estimate provided for comparison purposes, not a new result.
Negative factors
- Stale data re-release
Evidence · table
“540”
Context: High Grade
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · praseodymiumTonnes: 45100000Grade: 296Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springer
- Commodity
- praseodymium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:d5f9df9e8f018fa80670
- Deposit or zone
- Main / Low Grade
Resource Data
- Category
- indicated
- Tonnes
- 45100000
- Grade
- 296
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-02-23T00:00:00.000Z
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This is a historical estimate provided for comparison purposes, not a new result.
Negative factors
- Stale data re-release
Evidence · table
“296”
Context: Main / Low Grade
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · praseodymiumTonnes: 56600000Grade: 346Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springer
- Commodity
- praseodymium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:acd4369a270b59c5c14a
- Deposit or zone
- Total
Resource Data
- Category
- indicated
- Tonnes
- 56600000
- Grade
- 346
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-02-23T00:00:00.000Z
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This is a historical estimate provided for comparison purposes, not a new result.
Negative factors
- Stale data re-release
Evidence · table
“346”
Context: Total
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · praseodymiumTonnes: 3000000Grade: 559Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springer
- Commodity
- praseodymium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:92338c93c324ce126d82
- Deposit or zone
- High Grade
Resource Data
- Category
- inferred
- Tonnes
- 3000000
- Grade
- 559
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-02-23T00:00:00.000Z
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This is a historical estimate provided for comparison purposes, not a new result.
Negative factors
- Stale data re-release
Evidence · table
“559”
Context: High Grade
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · praseodymiumTonnes: 116500000Grade: 275Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springer
- Commodity
- praseodymium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:9450b56eb8c7660d4291
- Deposit or zone
- Main / Low Grade
Resource Data
- Category
- inferred
- Tonnes
- 116500000
- Grade
- 275
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-02-23T00:00:00.000Z
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This is a historical estimate provided for comparison purposes, not a new result.
Negative factors
- Stale data re-release
Evidence · table
“275”
Context: Main / Low Grade
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · praseodymiumTonnes: 119500000Grade: 282Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springer
- Commodity
- praseodymium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:a583c445c8843edd5c60
- Deposit or zone
- Total
Resource Data
- Category
- inferred
- Tonnes
- 119500000
- Grade
- 282
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-02-23T00:00:00.000Z
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This is a historical estimate provided for comparison purposes, not a new result.
Negative factors
- Stale data re-release
Evidence · table
“282”
Context: Total
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · neodymiumTonnes: 11500000Grade: 1846Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springer
- Commodity
- neodymium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:9708256e92bcbb2a0aae
- Deposit or zone
- High Grade
Resource Data
- Category
- indicated
- Tonnes
- 11500000
- Grade
- 1846
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-02-23T00:00:00.000Z
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This is a historical estimate provided for comparison purposes, not a new result.
Negative factors
- Stale data re-release
Evidence · table
“1,846”
Context: High Grade
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · neodymiumTonnes: 45100000Grade: 1017Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springer
- Commodity
- neodymium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:d5f9df9e8f018fa80670
- Deposit or zone
- Main / Low Grade
Resource Data
- Category
- indicated
- Tonnes
- 45100000
- Grade
- 1017
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-02-23T00:00:00.000Z
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This is a historical estimate provided for comparison purposes, not a new result.
Negative factors
- Stale data re-release
Evidence · table
“1,017”
Context: Main / Low Grade
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · neodymiumTonnes: 56600000Grade: 1185Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springer
- Commodity
- neodymium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:acd4369a270b59c5c14a
- Deposit or zone
- Total
Resource Data
- Category
- indicated
- Tonnes
- 56600000
- Grade
- 1185
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-02-23T00:00:00.000Z
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This is a historical estimate provided for comparison purposes, not a new result.
Negative factors
- Stale data re-release
Evidence · table
“1,185”
Context: Total
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · neodymiumTonnes: 3000000Grade: 1848Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springer
- Commodity
- neodymium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:92338c93c324ce126d82
- Deposit or zone
- High Grade
Resource Data
- Category
- inferred
- Tonnes
- 3000000
- Grade
- 1848
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-02-23T00:00:00.000Z
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This is a historical estimate provided for comparison purposes, not a new result.
Negative factors
- Stale data re-release
Evidence · table
“1,848”
Context: High Grade
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · neodymiumTonnes: 116500000Grade: 924Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springer
- Commodity
- neodymium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:9450b56eb8c7660d4291
- Deposit or zone
- Main / Low Grade
Resource Data
- Category
- inferred
- Tonnes
- 116500000
- Grade
- 924
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-02-23T00:00:00.000Z
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This is a historical estimate provided for comparison purposes, not a new result.
Negative factors
- Stale data re-release
Evidence · table
“924”
Context: Main / Low Grade
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · neodymiumTonnes: 119500000Grade: 947Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springer
- Commodity
- neodymium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:a583c445c8843edd5c60
- Deposit or zone
- Total
Resource Data
- Category
- inferred
- Tonnes
- 119500000
- Grade
- 947
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-02-23T00:00:00.000Z
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This is a historical estimate provided for comparison purposes, not a new result.
Negative factors
- Stale data re-release
Evidence · table
“947”
Context: Total
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · dysprosiumTonnes: 11500000Grade: 68Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springer
- Commodity
- dysprosium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:9708256e92bcbb2a0aae
- Deposit or zone
- High Grade
Resource Data
- Category
- indicated
- Tonnes
- 11500000
- Grade
- 68
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-02-23T00:00:00.000Z
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This is a historical estimate provided for comparison purposes, not a new result.
Negative factors
- Stale data re-release
Evidence · table
“68”
Context: High Grade
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · dysprosiumTonnes: 45100000Grade: 30Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springer
- Commodity
- dysprosium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:d5f9df9e8f018fa80670
- Deposit or zone
- Main / Low Grade
Resource Data
- Category
- indicated
- Tonnes
- 45100000
- Grade
- 30
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-02-23T00:00:00.000Z
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This is a historical estimate provided for comparison purposes, not a new result.
Negative factors
- Stale data re-release
Evidence · table
“30”
Context: Main / Low Grade
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · dysprosiumTonnes: 56600000Grade: 38Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springer
- Commodity
- dysprosium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:acd4369a270b59c5c14a
- Deposit or zone
- Total
Resource Data
- Category
- indicated
- Tonnes
- 56600000
- Grade
- 38
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-02-23T00:00:00.000Z
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This is a historical estimate provided for comparison purposes, not a new result.
Negative factors
- Stale data re-release
Evidence · table
“38”
Context: Total
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · dysprosiumTonnes: 3000000Grade: 70Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springer
- Commodity
- dysprosium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:92338c93c324ce126d82
- Deposit or zone
- High Grade
Resource Data
- Category
- inferred
- Tonnes
- 3000000
- Grade
- 70
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-02-23T00:00:00.000Z
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This is a historical estimate provided for comparison purposes, not a new result.
Negative factors
- Stale data re-release
Evidence · table
“70”
Context: High Grade
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · dysprosiumTonnes: 116500000Grade: 30Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springer
- Commodity
- dysprosium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:9450b56eb8c7660d4291
- Deposit or zone
- Main / Low Grade
Resource Data
- Category
- inferred
- Tonnes
- 116500000
- Grade
- 30
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-02-23T00:00:00.000Z
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This is a historical estimate provided for comparison purposes, not a new result.
Negative factors
- Stale data re-release
Evidence · table
“30”
Context: Main / Low Grade
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · dysprosiumTonnes: 119500000Grade: 31Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springer
- Commodity
- dysprosium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:a583c445c8843edd5c60
- Deposit or zone
- Total
Resource Data
- Category
- inferred
- Tonnes
- 119500000
- Grade
- 31
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-02-23T00:00:00.000Z
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This is a historical estimate provided for comparison purposes, not a new result.
Negative factors
- Stale data re-release
Evidence · table
“31”
Context: Total
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · terbiumTonnes: 11500000Grade: 15Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springer
- Commodity
- terbium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:9708256e92bcbb2a0aae
- Deposit or zone
- High Grade
Resource Data
- Category
- indicated
- Tonnes
- 11500000
- Grade
- 15
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-02-23T00:00:00.000Z
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This is a historical estimate provided for comparison purposes, not a new result.
Negative factors
- Stale data re-release
Evidence · table
“15”
Context: High Grade
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · terbiumTonnes: 45100000Grade: 7Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springer
- Commodity
- terbium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:d5f9df9e8f018fa80670
- Deposit or zone
- Main / Low Grade
Resource Data
- Category
- indicated
- Tonnes
- 45100000
- Grade
- 7
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-02-23T00:00:00.000Z
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This is a historical estimate provided for comparison purposes, not a new result.
Negative factors
- Stale data re-release
Evidence · table
“7”
Context: Main / Low Grade
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSpringer · terbiumTonnes: 56600000Grade: 9Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springer
- Commodity
- terbium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:acd4369a270b59c5c14a
- Deposit or zone
- Total
Resource Data
- Category
- indicated
- Tonnes
- 56600000
- Grade
- 9
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-02-23T00:00:00.000Z
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This is a historical estimate provided for comparison purposes, not a new result.
Negative factors
- Stale data re-release
Evidence · table
“9”
Context: Total
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · terbiumTonnes: 3000000Grade: 15Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springer
- Commodity
- terbium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:92338c93c324ce126d82
- Deposit or zone
- High Grade
Resource Data
- Category
- inferred
- Tonnes
- 3000000
- Grade
- 15
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-02-23T00:00:00.000Z
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This is a historical estimate provided for comparison purposes, not a new result.
Negative factors
- Stale data re-release
Evidence · table
“15”
Context: High Grade
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · terbiumTonnes: 116500000Grade: 7Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springer
- Commodity
- terbium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:9450b56eb8c7660d4291
- Deposit or zone
- Main / Low Grade
Resource Data
- Category
- inferred
- Tonnes
- 116500000
- Grade
- 7
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-02-23T00:00:00.000Z
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This is a historical estimate provided for comparison purposes, not a new result.
Negative factors
- Stale data re-release
Evidence · table
“7”
Context: Main / Low Grade
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSpringer · terbiumTonnes: 119500000Grade: 7Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springer
- Commodity
- terbium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- VLTA
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Katharine Masun, Julie Selway
- Resource group id
- resource:a583c445c8843edd5c60
- Deposit or zone
- Total
Resource Data
- Category
- inferred
- Tonnes
- 119500000
- Grade
- 7
- Grade Unit
- g/t
- Cutoff Grade
- 43
- Cutoff Unit
- C$/t NMR
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Activation Laboratories Ltd. (Actlabs) and SRC Geoanalytical Laboratories (SRC)
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-02-23T00:00:00.000Z
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This is a historical estimate provided for comparison purposes, not a new result.
Negative factors
- Stale data re-release
Evidence · table
“7”
Context: Total
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.