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The latest announcement is out from VHM Limited ( (AU:VHM) ).
VHM Limited has signed a non-binding Letter of Interest (LOI) with Mitsui & Co. for the supply of 40% of its heavy mineral concentrate (HMC) from the Goschen Project. This agreement not only secures a significant offtake partner for VHM but also potentially offers a strategic trade finance facility, enhancing VHM’s development strategy and strengthening its market position. The partnership with Mitsui, a global trading giant, is expected to provide long-term benefits and contribute to the project’s success.
The most recent analyst rating on (AU:VHM) stock is a Buy with a A$1.05 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 (ASX: VHM) is a company focused on rare earth and mineral sands, aiming to develop the Goschen Mineral Sands and Rare Earth Project in Victoria’s Loddon Mallee Region. The project is a Tier 1 integrated venture with significant mineral assemblage, featuring dual revenue streams from rare earths and Heavy Minerals Concentrates (HMC) such as zircon and titanium. VHM has secured all necessary land and primary approvals, with a clear path to production by Q4 2026.
Average Trading Volume: 295,272
Technical Sentiment Signal: Sell
Current Market Cap: A$53.25M
For an in-depth examination of VHM stock, go to TipRanks’ Overview page.