Richmond Vanadium Technology Limitd is an Australian minerals exploration company currently advancing its Richmond Vanadium Project in north Queensland. It is set to list on the Australian Securities Exchange (ASX).
Richmond Vanadium Technology Limitd has 1 project – Richmond Vanadium Project.
*Richmond Vanadium Project – is one of the largest undeveloped oxide vanadium resources in the world. The project has over a 20-year initial life of mine (LOM) although production from the ore reserve can support a mining operation of +100 years. With a Mineral Resource (compliant with JORC, 2012) of 1.8Bt @ 0.36% for 6.7Mt V2O5.
Richmond Vanadium Technology Limitd was looking to raise up to $25 million at $0.40 per share in its initial public offering (IPO). The Public Offer opens on 24 Oct 2022 and closes on 14 Nov 2022. The expected date for quotation on ASX is 13 Dec 2022.
Note: The dates shown on this page are indicative only and may change without notice.
IPO Summary
| ASX code | RVT |
| Name | Richmond Vanadium Technology Limitd |
| Website | https://richmondvanadium.com.au/ |
| Share Registry | Computershare Investor Services Pty Limited |
| Underwriter | Not underwritten. Bell Potter Securities Limited (Lead Manager) |
| Opening Date for the Public Offer: | 24 October 2022 |
| Closing Date for the Public Offer: | 14 Nov 2022 |
| Expected date for New Shares to commence trading on ASX | 13 December 2022 12:30PM AEDT |
| Funds to be raised under the Public Offer (before costs) | $25,000,000 |
| Offer price per share | $0.40 |
| Shares on issue at the Prospectus Date | 159,333,332 |
| Shares to be issued under the Public Offer | 62,500,000 |
| Total Shares | 221,833,332 |
| Escrow | 135,625,526 Shares, 13,155,000 options and 2,000,000 Performance Rights (a period of 24 months from quotation) |
Source: Richmond Vanadium Technology Limitd prospectus, official website.