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VDM Group Limited ( (AU:VMG) ) has provided an update.
VDM Group Limited reported that it is embroiled in a dispute with its joint venture partner Pebric Mining and Consulting LDA over its Angolan projects, leading to uncertainties in project ownership and no exploration activities during the last quarter. Additionally, VDM’s securities remain suspended from ASX trading due to inadequate operations, prompting the company to explore new project opportunities and engage legal advisors, aiming to meet ASX listing rules for a potential recommencement of trading.
More about VDM Group Limited
VDM Group Limited is involved in the exploration and development of critical minerals projects, focusing on uranium, copper, lithium, and other essential minerals. The company primarily operates in Australia and Angola, seeking opportunities that align with its investment strategy and aim to generate early cash flow. VDM is actively exploring new project opportunities to enhance its portfolio and meet ASX listing requirements.
Current Market Cap: A$6.93M
For detailed information about VMG stock, go to TipRanks’ Stock Analysis page.
