VHM launches A$5m placement to advance Goschen rare earths project

VHM Limited ( (AU:VHM) ) has issued an announcement.

VHM Limited has launched a fully underwritten institutional placement to raise A$5.0 million at A$0.26 per share, issuing about 19.2 million new shares at a discount to recent trading prices. The proceeds will fund early engineering and long‑lead procurement for the Goschen project, as well as operating costs to finalise offtake and financing arrangements ahead of a planned final investment decision in mid‑2026.

The placement, managed and underwritten by Jarden Australia, will be executed within the company’s existing ASX placement capacity and could be upsized using remaining headroom. The capital raising reinforces VHM’s funding pathway toward bringing its fully approved Goschen project into production, supporting its bid to secure substantial export credit agency backing and strengthen its position in the global rare earths and mineral sands supply chain.

The most recent analyst rating on (AU:VHM) stock is a Buy with a A$1.15 price target. To see the full list of analyst forecasts on VHM Limited stock, see the AU:VHM Stock Forecast page.

More about VHM Limited

VHM Limited is an Australian rare earths and mineral sands company developing the Goschen Rare Earth and Mineral Sands Project in Victoria’s Loddon Mallee region. The Tier 1 integrated project targets both rare earths and heavy mineral concentrates, including zircon and titanium oxide, and benefits from all key mining approvals, a conventional mining and processing flowsheet, and strategic access to established transport infrastructure.

Average Trading Volume: 300,149

Technical Sentiment Signal: Sell

Current Market Cap: A$92.1M

See more data about VHM stock on TipRanks’ Stock Analysis page.