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Viridis Raises AU$11.5M to Accelerate Colossus Rare Earth Project Development
9:27am on Wednesday 30th of July, 2025 AEST
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Mining
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Viridis Raises AU$11.5M to Accelerate Colossus Rare Earth Project Development
9:27am on Wednesday 30th of July, 2025 AEST
Key Points
AU$11.5 million placement at 13% premium to 10-day VWAP
Cornerstone AU$5 million investment from Brazil’s JGP Asset Management
Strategic partnership with Brazilian investors ORE and Régia for up to US$30 million
Selection for joint support plan with Brazilian government finance bodies BNDES and FINEP
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Viridis Mining and Minerals (ASX:VMM)
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