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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
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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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VIRIDIS MINING AND MINERALS (ASX:VMM)
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