---
title: "VHM: Secured Iluka partnership, $40M funding, $13.1M cash, and advanced project for late-2027 start"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293136143.md"
description: "Secured a strategic partnership with Iluka Resources, including a $40M funding package and binding offtake for rare earth concentrate. Ended the quarter with $13.1M cash, completed a $5M capital raise, and advanced project approvals and implementation for a late-2027 start.Original document: VHM Limited [VHM] Earnings Release — Jul. 19 2026DisclaimerThis is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source."
datetime: "2026-07-19T23:02:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293136143.md)
  - [en](https://longbridge.com/en/news/293136143.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293136143.md)
generator: "portal-rs"
---

# VHM: Secured Iluka partnership, $40M funding, $13.1M cash, and advanced project for late-2027 start

Secured a strategic partnership with Iluka Resources, including a $40M funding package and binding offtake for rare earth concentrate. Ended the quarter with $13.1M cash, completed a $5M capital raise, and advanced project approvals and implementation for a late-2027 start.

Original document: VHM Limited \[VHM\] Earnings Release — Jul. 19 2026

**Disclaimer**

This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**