Sponsored Content for Shaun Ren

Horizon Minerals' spin-off Richmond Vanadium Technology has joined the ASX following a successful $25m initial public offering as it presses ahead with a bankable feasibility study to open a potentially world-class battery metals mine in northern Queensland. Some 62.5 million shares were issued under the IPO at 40c a pop, including to eligible Horizon shareholders.

An initial public offering for shares in Horizon Minerals' partly-owned and highly anticipated vanadium spin-out is now open. The holding vessel, Richmond Vanadium Technology is seeking to raise up to $35 million in exchange for public exposure to the proposed development of what is hailed as one of the world's largest undeveloped oxide vanadium resources.