VHM Limited (ASX:VHM) Announces Equity Raising and Project Update
Equity Raising Details
VHM Limited is raising equity through a partially underwritten placement of new fully paid ordinary shares to institutional investors and a non-underwritten offer to eligible existing shareholders under a share purchase plan.
Project Progress
The Goschen Project has received the Mining Licence and endorsement of the Environment Effects Statement, with near-term production targeted for Q4 2026. Significant progress has been made in obtaining approvals.
Funding Strategy and Offtake Agreements
VHM is pursuing a multifaceted funding strategy comprising debt, equity, and government funding. An agreement has been secured with Currumbin Minerals for the supply of high-grade zircon-titania heavy mineral concentrate, with additional offtake arrangements under discussion with strategic partners.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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