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VHM Limited (ASX:VHM)

ALERT: Price-sensitive ASX Announcement for VHM
Current share price for VHM : $0.265 -0.205 (-43.62%)+
Announcement
Release
21 Nov 2025 9:41AM
Price at Release
$0.470
Full Release
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Summary
VHM Limited announced a fully underwritten institutional placement to raise approximately A$10.3 million and an additional non-underwritten Share Purchase Plan (SPP) targeting up to A$1.0 million. The funds will support the Goschen Rare Earths and Mineral Sands Project's early engineering, land acquisition, and progression towards a Final Investment Decision in the first half of the calendar year 2026. This announcement follows indicative long-term funding support from EXIM (US$200 million) and EFA (A$75 million), highlighting the project's strategic significance in global critical mineral supply chains. Jarden Australia Pty Ltd is acting as the sole manager and underwriter for the placement.
Key Points
  • VHM launches a ~A$10.3 million fully-underwritten Placement at A$0.35 per share.
  • An additional Share Purchase Plan aims to raise up to A$1.0 million.
  • Proceeds will fund early engineering works and land acquisition for the Goschen Project.
  • The project has received indicative funding support from EXIM and EFA.
  • The placement is priced at a 25.5% discount to the last closing price.
  • New shares will rank pari passu with existing ordinary shares.
  • Jarden Australia Pty Ltd is the sole lead manager and underwriter.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.