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VHM Limited (ASX:VHM)

ALERT: Price-sensitive ASX Announcement for VHM
Current share price for VHM : $0.200 -0.03 (-13.04%)+
Announcement
Release
2 Jul 2026 8:17AM
Price at Release
$0.230
Full Release
download
Summary
Iluka Resources Limited has entered into a long-term agreement with VHM Limited for the supply of rare earth concentrate from VHM's Goschen project in Victoria, Australia. The agreement entails the provision of 146,000 tonnes of rare earth concentrate containing 86,000 tonnes of rare earth oxides over 18 years. In support of VHM's development of the Goschen project, Iluka will provide a $40 million secured convertible note in two tranches. The pricing of the concentrate is linked to Iluka's sales from its Eneabba refinery, and Iluka has the right of first refusal on additional rare earth products from VHM's future projects. This partnership is part of Iluka's strategy to secure advanced third-party feedstocks for its refinery.
Key Points
  • Iluka enters a long-term agreement with VHM for rare earth concentrate.
  • Supply is from VHM's Goschen project, providing 146,000 tonnes over 18 years.
  • Iluka to support VHM with a $40 million secured convertible note.
  • Pricing linked to Iluka's Eneabba refinery sales.
  • Iluka has right of first refusal on additional VHM rare earth products.
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.