VHM Limited (AU:VHM) has released an update.
VHM Limited, an Australian rare earths and mineral sands developer, raised $3.43 million to support the advancement of its Goschen Project in Victoria. The company aims to secure capital for the project’s Final Investment Decision, with an additional agreement for up to $5 million from an institutional investor. The Goschen Project’s Environment Effects Statement is under review, and the company’s executive team saw recent changes with the appointment of a new Chief Finance Officer.
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