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Viridis Secures $120M Equity as Colossus DFS Confirms Bankable Rare Earth Project
9:50am on Thursday 20th of August, 2026 AEST
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Mining
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Viridis Secures $120M Equity as Colossus DFS Confirms Bankable Rare Earth Project
9:50am on Thursday 20th of August, 2026 AEST
Key Points
Colossus DFS delivers pre-tax NPV8 of US$1.87 billion and after-tax IRR of 36.4%
200.1 Mt Ore Reserve with 27.4 Mt Proved and 172.7 Mt Probable underpin 25-year, 5 Mtpa production
US$449 million estimated capital expenditure with low operating costs at bottom quartile globally
Strategic equity placement raises US$120 million, primarily from Brazilian investors
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Viridis Mining and Minerals (ASX:VMM)
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