VHM Limited
0.15
USD
+0.01
(+5.26%)
ISIN
AU0000253189
Return %
Stock
S&P 500
1Y
-54.55
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Semi-annual Revenue
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Andrew King
- Full Time Employees
- 28
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- 330 Collins Street Melbourne VIC Australia 3000
- IPO Date
- Jan 9, 2023
- Website
- vhmltd.com.au
- Similar Companies
- Business
- VHM Limited (ASX: VHM) is an Australian-based exploration and development company focused on vanadium processing and production for energy storage and steel applications. The company offers vanadium electrolyte production through its flagship Vanadium of the Future (VOF) project, which includes proprietary electrolyte manufacturing technology; vanadium pentoxide (V2O5) extraction and processing from magnetite concentrates; and downstream products such as vanadium redox flow batteries (VRFBs) for grid-scale energy storage, alongside consulting services for vanadium project development. Headquartered in Perth, Western Australia, and founded in 2011, VHM operates primarily in Australia with exploration tenements in Victoria and potential supply chain partnerships across Asia-Pacific regions targeting steelmakers and renewable energy markets. In the minerals and clean energy sector, VHM targets industrial customers including steel producers requiring vanadium for high-strength alloys and utilities seeking long-duration energy storage solutions. The company's business segments encompass upstream mining and processing of vanadium-bearing magnetite, midstream electrolyte formulation using its patented processes, and downstream commercialization of VRFB systems. No major subsidiaries or parent entities are reported, with operations centered on advancing the VOF project toward production. Recent developments include progress on the VOF project's definitive feasibility study (DFS) updates in 2024-2025, incorporating lower capital costs and enhanced vanadium pricing forecasts; strategic memoranda of understanding (MoUs) with Asian steel mills for offtake agreements; and pilot-scale production of commercial-grade vanadium electrolytes validated in late 2024. In mid-2025, VHM announced a A$15 million equity funding round to support plant construction commencement and technology scale-up. These initiatives mark a shift toward near-term commercialization, with first revenue targeted for 2027 amid global vanadium demand growth from decarbonization trends.