Australia's VHM gains on US EXIM Bank's project financing

VHM

06/10/2025 02:11

** VHM VHM.AX rises as much as 6.1% to A$0.26, highest since September 25

** Stock set to gain for third straight session

** Mineral sands and rare earth co gets up to $200 mln as part of letter of interest (LOI) from Export-Import Bank (EXIM) of U.S.

** LOI to help develop co's Goschen rare earths, mineral sands project in Victoria, Australia

** Nearly 971,089 shares traded, 3.2x the 30-day avg

** YTD, VHM falls 38.2%

 (Reporting by Roshan Thomas in Bengaluru)

 ((Roshan.Thomas@thomsonreuters.com;))