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An update from VDM Group Limited ( (AU:VMG) ) is now available.
VDM Group Limited is currently facing a dispute with its joint venture partner, Pebric Mining and Consulting LDA, over its Angolan projects, which has halted operations and led to legal actions to resolve ownership and funding issues. Additionally, VDM’s securities remain suspended from trading on the ASX due to operational inadequacies, prompting the company to explore new critical mineral projects in Australia and engage legal advisors to regain compliance, while also securing cash from the sale of a property.
More about VDM Group Limited
VDM Group Limited operates in the mining and resources sector, focusing on critical minerals such as uranium, copper, and lithium. The company is exploring new project opportunities primarily in Australia, seeking investments that complement its existing portfolio and provide early cash flow.
Current Market Cap: A$6.93M
For an in-depth examination of VMG stock, go to TipRanks’ Stock Analysis page.
