InvestSMART

VHM Limited (ASX:VHM)

ALERT: Price-sensitive ASX Announcement for VHM
Current share price for VHM : $0.210 -0.115 (-35.38%)+
Announcement
Release
22 Apr 2026 9:54AM
Price at Release
$0.325
Full Release
download
Summary
VHM Limited has completed a successful institutional placement raising A$5 million through the issuance of approximately 19.2 million new shares at A$0.26 per share. This placement, managed by Jarden Australia Pty Ltd, was fully underwritten and supported by both existing and new institutional investors, indicating strong market confidence in VHM's strategic direction and its Goschen Rare Earth and Mineral Sands Project. The funds from this placement will be utilized for early engineering works, long-lead procurement, and operating costs as the company prepares for a Final Investment Decision by mid-2026. The Goschen Project is a significant rare earth and mineral sands development in Victoria, with VHM having secured all key mining approvals and financial backing, including letters of support from Export Finance Australia and the US Export-Import Bank for substantial funding. The project is strategically positioned with access to essential infrastructure and poised to contribute to critical minerals supply chains.
Key Points
  • VHM Limited raised A$5 million via institutional placement.
  • Placement issued 19.2 million shares at A$0.26 each.
  • Funds to be used for Goschen Project's early engineering and procurement.
  • Placement managed by Jarden Australia, fully underwritten.
  • Strong support from existing and new institutional investors.
  • Goschen Project is a key rare earth and mineral sands development.
  • All key mining approvals for the Goschen Project secured.
  • Financial backing includes support from Export Finance Australia and US Export-Import Bank.
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.