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VBX Limited (ASX:VBX)

ALERT: Price-sensitive ASX Announcement for VBX
Current share price for VBX : $0.750 0.29 (63.04%)+
Announcement
Release
1 Jul 2026 8:28AM
Price at Release
$0.460
Full Release
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Summary
VBX Limited has entered into an indicative term sheet with thyssenkrupp Materials Trading Asia Pte Ltd, a subsidiary of tk accelis, for a A$10 million prepayment and offtake facility. This facility aims to provide additional funding for the Wuudagu Bauxite Project in Western Australia while the Definitive Feasibility Study (DFS) is completed and necessary approvals and licenses are obtained. The prepayment will be repaid through a fixed discount on bauxite deliveries over a five-year period. The agreement is not legally binding, and definitive documentation must be executed by July 31, 2026, to avoid termination. VBX aims to use the rights to future products from the project to secure funding solutions.
Key Points
  • VBX Limited signs indicative term sheet for A$10 million prepayment and offtake facility.
  • thyssenkrupp Materials Trading Asia Pte Ltd, a subsidiary of tk accelis, involved in the agreement.
  • Facility to fund Wuudagu Bauxite Project during DFS and licensing phase.
  • Repayment through discounted bauxite deliveries over five years.
  • Agreement is non-binding and subject to definitive documentation by July 31, 2026.
  • VBX retains rights to future products to secure funding.
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.