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VHM Limited ( (AU:VHM) ) has provided an update.
VHM Limited has successfully completed a fully-underwritten institutional placement, raising approximately A$10.3 million through the issuance of 29.5 million new shares at a price of A$0.35 per share. The proceeds will be used to support the Goschen Project’s early engineering works, land acquisition, and operating costs as the company moves towards a Final Investment Decision in the first half of 2026. Additionally, VHM is offering a Share Purchase Plan to eligible shareholders in Australia and New Zealand to raise up to A$1.0 million, allowing them to purchase new shares at the same placement price.
The most recent analyst rating on (AU:VHM) stock is a Hold with a A$0.50 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 a company listed on the Australian Securities Exchange (ASX) that focuses on advancing the Goschen Project. The company is involved in early engineering works, land acquisition, and financing arrangements to support its strategic initiatives.
Average Trading Volume: 770,045
Technical Sentiment Signal: Buy
Current Market Cap: A$121.8M
See more insights into VHM stock on TipRanks’ Stock Analysis page.