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VHM Limited ( (AU:VHM) ) has issued an update.
VHM Limited has achieved a significant milestone by securing a mining license for its Goschen Rare Earth and Mineral Sands Project in Victoria, Australia, marking a transition towards construction and production readiness. The company has also signed a Memorandum of Understanding with Currumbin Minerals to strengthen its domestic supply chain and a Letter of Interest with Mitsui & Co. for potential offtake of heavy mineral concentrate, reflecting growing international confidence. Additionally, VHM completed a successful capital raise of $8.6 million to support early engineering and de-risking activities, and continues to explore strategic partnerships to unlock long-term value.
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-owned company operating in the rare earths and mineral sands industry. It focuses on developing mines and processing facilities with a significant inventory of critical minerals in northwest Victoria.
Average Trading Volume: 281,883
Technical Sentiment Signal: Sell
Current Market Cap: A$51.98M
For an in-depth examination of VHM stock, go to TipRanks’ Overview page.