VHM Raises A$5m to Accelerate Goschen Critical Minerals Project

The latest update is out from VHM Limited ( (AU:VHM) ).

VHM Limited has raised A$5 million through a fully underwritten institutional placement of approximately 19.2 million new shares at A$0.26 each, representing a discount to recent trading prices but attracting support from existing and new institutional investors. The funds will be used to advance early engineering, long‑lead procurement and operating costs for the Goschen Project ahead of a planned Final Investment Decision in mid‑2026, with the move underscoring investor confidence in the project’s role in the critical minerals supply chain and positioning VHM for eventual construction and production.

The placement shares, issued under the company’s existing capacity and ranking pari passu with current stock, are expected to be allotted and start trading on 27 April 2026, with Jarden Australia receiving a 5% fee for managing and underwriting the deal. VHM’s shares are slated to resume trading immediately, and the additional funding supports a clear pathway to production for Goschen, reinforcing the company’s standing in the emerging rare earths and mineral sands market.

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 rare earths and mineral sands company developing the Goschen Rare Earth and Mineral Sands Project in Victoria’s Loddon Mallee region. The Tier 1 integrated project features a globally significant mineral assemblage, dual revenue streams from rare earths and heavy mineral concentrates, and benefits from advanced approvals, simple mining methods, and strong transport infrastructure access.

Average Trading Volume: 300,149

Technical Sentiment Signal: Sell

Current Market Cap: A$92.1M

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