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VHM Limited (ASX:VHM)

ALERT: Price-sensitive ASX Announcement for VHM
Current share price for VHM : $0.240 -0.085 (-26.15%)+
Announcement
Release
21 Apr 2026 9:56AM
Price at Release
$0.325
Full Release
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Summary
VHM Limited has announced a fully-underwritten institutional placement aiming to raise A$5.0 million at a price of A$0.26 per share. The funds acquired are intended to support early engineering works and procurement for the Goschen Rare Earth and Mineral Sands Project, as well as operation costs leading up to a Final Investment Decision in mid-2026. The placement involves issuing approximately 19.2 million new shares, with the possibility to expand the placement to accommodate additional shares under existing ASX rules. Jarden Australia Pty Ltd is managing the placement process.
Key Points
  • VHM Limited announced an institutional placement to raise A$5.0 million.
  • Placement price set at A$0.26 per share.
  • Approximately 19.2 million new shares to be issued.
  • Potential to upsize placement to 24.6 million new shares.
  • Funds to support Goschen Project engineering and procurement.
  • Jarden Australia Pty Ltd is the Lead Manager and Underwriter.
  • Placement is fully underwritten.
  • Placement aligns with final investment planning for mid-2026.
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.