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The latest announcement is out from VHM Limited ( (AU:VHM) ).
VHM Limited has announced a staged expansion strategy for its Goschen Rare Earths and Mineral Sands Project in Victoria, aiming to commence production by the fourth quarter of 2026. The project, which has received major project status and a mining license, is set to initially produce at a rate of 1.5 million tonnes per annum with plans to expand to 5 million tonnes. The expansion strategy involves reduced initial capital expenditure and is supported by strategic partnerships and financing discussions. However, the company has identified necessary changes to operating and capital costs, particularly in mining and processing, which have slightly impacted the project’s financial metrics.
More about VHM Limited
VHM Limited is an Australian-owned company specializing in the development of rare earths and mineral sands mining and processing. The company boasts a significant inventory of critical minerals located in northwest Victoria, positioning itself as a key player in the critical minerals industry.
YTD Price Performance: -19.51%
Average Trading Volume: 135,081
Technical Sentiment Signal: Hold
Current Market Cap: A$71.66M
Learn more about VHM stock on TipRanks’ Stock Analysis page.