Australia's VBX jumps on $6.9 million indicative facility
01/07/2026 04:09
BUZZ-Australia's VBX jumps on $6.9 million indicative facility ** Shares of Australia's VBX Ltd VBX.AX gain as much as 15.2% to A$0.530, their biggest gain since March 24
** Low-silica bauxite producer says it signed an indicative term sheet for an A$10 million ($6.89 million) prepayment and offtake facility with a unit of materials distributor tk accelis
** Prepayment to be repaid through a fixed discount on 0.5 million metric tons of bauxite annually over five years - VBX
** VBX down 4% YTD
($1 = 1.4516 Australian dollars)
(Reporting by Keshav Singh Chundawat in Bengaluru)
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Australia's VBX jumps on $6.9 million indicative facility