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VHM Limited (ASX:VHM)

ALERT: Price-sensitive ASX Announcement for VHM
Current share price for VHM : $0.280 -0.183 (-39.46%)+
Announcement
Release
21 Jan 2026 8:25AM
Price at Release
$0.463
Full Release
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Summary
VHM Limited's quarterly activities and cash flow report highlighted a cash holding of $13.2 million at the end of the quarter. The company's exploration and evaluation expenditure totaled $1.1 million, while no significant mining production activities were undertaken. VHM terminated an offtake agreement with Shenghe Resources and received regulatory approvals for its Goschen Project. The company successfully raised $11.6 million through a capital raise and received a non-binding conditional financial support from Export Finance Australia. VHM aims to make a Financial Investment Decision on the Goschen Project by the first half of CY2026.
Key Points
  • VHM Limited held $13.2 million in cash at the end of the quarter.
  • Exploration and Evaluation Expenditure was $1.1 million for the quarter.
  • There were no substantive mining production and development activities during the quarter.
  • VHM Limited terminated the offtake agreement with Shenghe Resources.
  • The Cultural Heritage Management Plan for the Goschen Rare Earth and Mineral Sands Project was approved.
  • The Goschen Project's Work Plan was approved, clearing the path for the Financial Investment Decision in early CY2026.
  • VHM Limited completed a capital raise of $11.6 million through a placement and share purchase plan.
  • VHM received a non-binding conditional Letter of Support from Export Finance Australia for up to A$75 million.
  • VHM Limited updated its Mineral Resource and Ore Reserve estimates for the Goschen Project.
  • VHM aims to progress its Goschen Project towards a Final Investment Decision in the first half of CY2026.
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.