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Viridis Raises A$3.5M to Propel Colossus Rare Earths Project Forward

9:27am on Tuesday 4th of February, 2025 AEDT Mining & Minerals
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Viridis Raises A$3.5M to Propel Colossus Rare Earths Project Forward

9:27am on Tuesday 4th of February, 2025 AEDT
Key Points
  • A$3.5 million placement at $0.33 per share secured from new and existing investors
  • Colossus Project's Mineral Resource Estimate increased by 140%, with ultra-high-grade zones identified
  • Funds allocated to Pre-feasibility Study, environmental approvals, and metallurgical optimisation
  • Environmental Impact Assessment submitted and key local government approvals obtained
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