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How Viridis Mining Secured $903M to Revolutionize Brazil’s Rare Earth Supply Chain

3:22pm on Thursday 31st of July, 2025 AEST Mining
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How Viridis Mining Secured $903M to Revolutionize Brazil’s Rare Earth Supply Chain

3:22pm on Thursday 31st of July, 2025 AEST
Key Points
  • Selected by Brazilian BNDES and FINEP for up to US$903 million strategic mineral funding
  • Delivered Brazil’s first locally sourced magnetic rare earth oxides for magnet manufacturing
  • Completed Pre-Feasibility Study showing pre-tax NPV8 up to US$1.41 billion at conservative pricing
  • Secured AU$11.5 million placement and binding MoU for up to US$30 million in staged funding
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