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VHM Limited (ASX:VHM)

ALERT: Price-sensitive ASX Announcement for VHM
Current share price for VHM : $0.235 -0.005 (-2.08%)+
Announcement
Release
20 Jul 2026 8:38AM
Price at Release
$0.240
Full Release
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Summary
VHM Limited's Quarterly Activities Report for the period ending 30 June 2026 highlights a strategic partnership with Iluka Resources, including a binding offtake agreement for the Goschen Project's Rare Earth concentrate and a A$40 million funding package. The company completed a successful capital raise of $5 million. Key project implementation activities are underway, including the finalisation of contractor selections for infrastructure projects. VHM's cash position at the end of the quarter was $13.1 million, with significant progress in regulatory approvals for the Goschen Project. The report underscores the company's strategic positioning in processing critical minerals in Australia, enhancing project resilience, and pursuing sustainable practices.
Key Points
  • Strategic partnership with Iluka for Goschen Project.
  • A$40 million convertible note funding package secured.
  • Successful $5 million capital raise completed.
  • Key project workstreams and contractor selection underway.
  • Cash position at $13.1 million at quarter end.
  • Progress in regulatory approvals for Goschen Project.
  • Focus on strategic positioning in Australia for critical minerals.
  • Commitment to sustainable practices and community engagement.
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.