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Letter to the Editor: Nancy Vail column on Nechalacho SA¹ú¼ÊÓ°ÊÓ´«Ã½˜really nailed itSA¹ú¼ÊÓ°ÊÓ´«Ã½™

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More than 500 bags of ore concentrate, like this one, started shipping out of Hay River to Saskatoon by truck in 2022. Bill Braden of Yellowknife, who holds stock in Vital Metals, says Nancy VailSA¹ú¼ÊÓ°ÊÓ´«Ã½™s recent column on Vital MetalsSA¹ú¼ÊÓ°ÊÓ´«Ã½™ partial sale to Chinese interests SA¹ú¼ÊÓ°ÊÓ´«Ã½˜really nailed it.SA¹ú¼ÊÓ°ÊÓ´«Ã½™ Bill Braden/Cheetah Resources photo

From: Bill Braden,

Yellowknife

Dear editor,

I want to offer congratulations on Nancy VailSA¹ú¼ÊÓ°ÊÓ´«Ã½™s recent column about Vital Metals and the China debacle (SA¹ú¼ÊÓ°ÊÓ´«Ã½˜Nechalacho mine sale a threat to our sovereigntySA¹ú¼ÊÓ°ÊÓ´«Ã½™, Yellowknifer, Jan. 5). I think she really nailed it as an appalling failure of Canadian trade policy (as of now, at least) to allow a bad-faith player like China to have access to a valuable Canadian resource.

She is right to demand that someone in government be held accountable. But also, among shareholders of Vital SA¹ú¼ÊÓ°ÊÓ´«Ã½” full disclosure, I am a modest investor SA¹ú¼ÊÓ°ÊÓ´«Ã½” there also has to be accountability for VitalSA¹ú¼ÊÓ°ÊÓ´«Ã½™s shameless about-face to bring in Chinese money to salvage what really amounts to a corporate botch-up of strategy and leadership.

VitalSA¹ú¼ÊÓ°ÊÓ´«Ã½™s brightest light at the start was its pledge to bring a great Canadian rare earth resource into the critical minerals supply chain - outside of Chinese dominance. ThatSA¹ú¼ÊÓ°ÊÓ´«Ã½™s where it has betrayed every one of us, from the Prime MinisterSA¹ú¼ÊÓ°ÊÓ´«Ã½™s office to our territorial and Indigenous leaders to the workers.

Goodness knows, we need all the help we can get here in the NWT to grow our resource economy. But as you have pointed out, we are supplying our raw materials to China for them to irresponsibly refine and sell back to us at who-knows-what price. Enough of this hewers-of-wood and drawers-of-water crap. At what point do we say No?





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