Australia's VHM gains on pact with Mitsui

VHM

02/07/2025 02:14

** Shares of VHM Ltd VHM.AX rise 2.4% to A$0.215

** Stock rose as much as 4.8% to hit its highest since June 20

** The mineral sands and rare earth co signs letter of interest with Mitsui & Co for heavy mineral concentrate offtake as part of its development strategy for the Goschen Project in northwest Victoria

** Stock down 49.1% this year, as of last close

 (Reporting by Sherin Sunny in Bengaluru)

 ((Sherin.Sunny@thomsonreuters.com;))