Vital Metals Ltd. said Oct. 18 that it pulled out of a deal to earn-in a 50% stake in the Bouli gold project in Niger from Summa Turizm Yatirimciliği A.Ş.

The Australia-listed explorer said the prevailing geopolitical situation and other factors led to the deal's cancellation.

Vital Metals sold its Watershed tungsten project in Queensland, Australia, to Tungsten Mining NL for A$15 million in July.