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An update from VHM Limited ( (AU:VHM) ) is now available.
VHM Limited has successfully completed a partially underwritten placement of new shares, raising $8.25 million to fund ongoing work programs and provide working capital for the Goschen Project. The placement, which saw strong participation from institutional investors, supports the company’s strategic efforts towards a Final Investment Decision by Q3 2025. Additionally, VHM plans to offer a share purchase plan to eligible shareholders in Australia and New Zealand, aiming to raise approximately $2 million.
More about VHM Limited
VHM Limited operates in the critical minerals industry, focusing on the development of the Goschen Project in Victoria. The company is engaged in the exploration and potential commercialization of dual commodity minerals, aiming to establish a significant presence in the market.
Average Trading Volume: 140,611
Technical Sentiment Signal: Hold
Current Market Cap: A$71.22M
Learn more about VHM stock on TipRanks’ Stock Analysis page.