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Viridis Secures $903M Brazilian Backing to Fast-Track Rare Earths Project

8:38am on Monday 28th of July, 2025 AEST Mining
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Viridis Secures $903M Brazilian Backing to Fast-Track Rare Earths Project

8:38am on Monday 28th of July, 2025 AEST
Key Points
  • Selected by BNDES and FINEP for Joint Support Plan under US$903M funding
  • Funding package may include grants, debt, and equity to accelerate Colossus Project
  • Leverages patented refining and recycling technology from Ionic Rare Earths
  • Environmental permitting and project financing actively progressing
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