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Viridis secures Solvay buyer for Colossus rare earths output
8:19am on Thursday 5th of November, 2026 AEDT
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Mining
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Viridis secures Solvay buyer for Colossus rare earths output
8:19am on Thursday 5th of November, 2026 AEDT
Key Points
Binding Solvay offtake agreement runs from targeted 2028 production to the end of 2034
Minimum volumes cover about 70% of forecast MREC production
Nd, Pr, Dy and Tb commitments underpin approximately US$915 million at contractual price floors
Solvay has a right of first offer over additional MREC volumes
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